Brickman Equity

Brickman Equity. Means (i) if the conversion occurs prior to the consummation of a Change of Control or Recapitalization, shares of Class A Common Stock of Holdings or (ii) if the conversion occurs upon or following a Change of Control or Recapitalization, the same class of equity securities of the Issuer received by Scott W. Brickman in exchange for his vested shares of Class A Common Stock of Holdings in the Change of Control or Recapitalization. With respect to clause (ii), if more than one class of equity... securities are acquired in such Change of Control or Recapitalization transaction, Brickman Equity shall mean a unit of such securities in the same proportion among such classes as received by Scott W. Brickman in such transaction. For example, if in connection with a Change of Control, Scott W. Brickman exchanges 2,500 vested shares of Class A Common Stock of Holdings for 1,000 shares of common stock of the Issuer and 2,000 shares of preferred stock of the Issuer, then Brickman Equity would be a unit comprised of one share of common stock of the Issuer and two shares of preferred stock of the Issuer. View More