instrument that is referred to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein. Any reference to the number of Owned Units means such Owned Units as appropriately adjusted to give effect to any share combinations, restructuring or other capitalizations of EOC Parent or its capital structures. Any reference herein to the holder of a particular class or series of Owned Units shall be a reference to such Person solely in its capacity as a holder of that particular class or series of Owned Units.
2.9 Successors and Assigns. Each party hereto may, in his or its discretion, assign his or its rights and obligations under this Agreement (including, without limitation, in connection with a Restructuring); provided, that Grantee shall not be entitled to assign any of Grantees rights or obligations without the consent of each of EOC Parent, Iris I, Iris IV and Iris V (or any successor entities thereto). The provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the parties hereto and their respective successors and assigns.
2.10 Definitions. For purposes of this Agreement and the schedules thereto:
(a) Affiliates of any specified Person means any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person, and including any Trust or Family Member of such Person.
(b) Cause shall have the meaning set forth in the Employment Agreement.
(c) Distribution Threshold means the Distribution Threshold set forth opposite each applicable Owned Unit on Schedule B, as may be adjusted in accordance with Section 1.2.
(d) EOC Parent LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of EOC Parent, as may be amended, restated, modified or supplemented, from time to time.
(e) Family Member means with respect to a Person, such Persons spouse, domestic partner, parents, children or siblings, including any Affiliates thereof.
(f) Good Reason shall have the meaning set forth in the Employment Agreement.
(g) Operating Agreement shall mean, with respect to each of EOC Parent, Iris I, Iris IV or Iris V, its limited liability company agreement, as may be amended from time to time, and, following an IPO, the organizational document of its successor (including any successor in connection with any Restructuring).