(e) EOC Parent LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of EOC Parent, dated as of [ ], 2019, as may be amended, restated, modified or supplemented, from time to time.
(f) Family Member means with respect to a Person, such Persons spouse, domestic partner, parents, children or siblings, including any Affiliates thereof.
(g) Good Reason shall have the meaning set forth in the Employment Agreement.
(h) Grantee Non-Renewal means (i) any failure of Grantee to execute a new employment, services, guaranteed compensation, or other similar agreement with Employer offered pursuant to a bona fide offer by Employer following (or to become effective upon) expiration of Grantees then-existing (or prior) employment or agreement or (ii) any termination of Grantees employment or service relationship with Employer following expiration of Grantees prior employment, services, guaranteed compensation or other similar agreement with Employer if a new agreement between Employer and Grantee has not been executed. For the avoidance of doubt, in no event shall a Grantee Non-Renewal be deemed to be a termination with or without Cause or with or without Good Reason.
(i) Operating Agreement shall mean, with respect to each of EOC Parent, Iris II, Iris IV or WME Holdco, 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).
(j) Person means any individual, firm, corporation, partnership, limited liability company, trust, estate, joint venture, governmental authority or other entity.
(k) Related Person(s) means any Family Member, Trust and any other Person of which Grantee or any of the foregoing has a direct or indirect economic or beneficial or other interest in or is a beneficiary of.
(l) Trust means, with respect to Grantee, (i) a revocable trust that is treated as a grantor trust for income tax purposes; provided, that and only so long as (a) the beneficiaries of such Trust includes only Grantee and Grantees spouse, domestic partner or lineal descendants; and (b) Grantee retains exclusive voting control over the Owned Units, in a trustee capacity or otherwise or (ii) any other trust that is solely for bona fide estate planning purposes that shall not, and shall not be used to, circumvent the provisions herein; provided, that and only so long as the beneficiaries of such Trust include only Grantee and Grantees spouse, domestic partner or lineal descendants.
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