![]() (b) Within 30 days after Executive purchases any Executive Units from the Company, Executive shall make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder in the form of Annex A attached hereto. ![]() The Company shall deliver to Executive proper written evidence indicating Executive's ownership of such Class B Units and Class M Units, and Executive shall make a cash payment to the Company in an aggregate amount of $0.26. (a) Upon execution of this Agreement, Executive shall purchase, and the Company shall sell, 2.475 Class M Units at a price of $0.01 per unit and 23.659 Class B Units at a price of $0.01 per unit. NOW, THEREFORE, in consideration for the premises contained herein and the mutual obligations of the parties hereto, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive hereby agree as follows: 1. and (ii) purchase 23.659 of the Company's Class B Units (the "Class B Units" and together with the Class M Units, the "Executive Units") at a price of $0.01 per Unit. 1 to the Amended and Restated Limited Liability Company Agreement of the Company, authorized the creation of the Class M Units of the Company and WHEREAS, in consideration of Executive's good and valuable service to the Company and as an incentive for Executive to continue to provide such good and valuable service to the Company, the Board desires that Executive (i) purchase 2.475 of the Company's Class M Units (the "Class M Units") at a price of $0.01 per Unit. WHEREAS, Executive, together with other senior executive employees of the Company, is the owner of certain equity interests of the Company WHEREAS, in addition to those interests, if any, already owned by Executive, the Company desires that Executive purchase additional equity interests of the Company WHEREAS, the Board has, pursuant to that certain Amendment No. Any capitalized terms used but not defined herein shall have the meanings assigned to them in Section 5 hereof. EX-10.94 15 y95720exv10w94.txt 2003 EXECUTIVE UNIT AGREEMENT Exhibit 10.94 EXECUTION COPY ALLIANCE LAUNDRY HOLDINGS LLC 2003 EXECUTIVE UNIT AGREEMENT THIS 2003 EXECUTIVE UNIT AGREEMENT (this "Agreement") is made as of August 1, 2003, by and between Alliance Laundry Holdings LLC, a Delaware limited liability company (the "Company") and Jeffrey Thoms ("Executive").
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