Profits Interests

Example Definitions of "Profits Interests"
Profits Interests. A grant of Common Units pursuant to the Plan with a Profits Interest Threshold Amount fixed on the date of issuance in accordance with the Operating Agreement that is intended to qualify as a partnership profits interest for U.S. Federal Income tax purposes.
Found in Rani Therapeutics Holdings, Inc. contract
Profits Interests. Means Series [●] Interests in MIP LLC, which such interests are intended to be partnership profits interests within the meaning of Revenue Procedure 93-27 as supplemented by Revenue Procedure 2001-43.
Found in Aspirational Consumer Lifestyle Corp. contract
Profits Interests. The Partnership Class PI Common Units of Management Holdings (as defined in the Management Holdings L.P. Agreement) granted to Stockholder promptly following the execution and delivery of this Agreement (equitably adjusted to reflect any reclassification, reorganization, recapitalization or similar transaction)
Found in We Co. contract
All Definitions