Profits Unit has the meaning given in the Profits Unit Plan.
Profits Unit Plan means the Blizzard Parent, LLC Profits Unit Plan adopted by the Board, as amended from time to time.
Qualified IPO has the meaning given in the Company Operating Agreement.
Rule 144 means Rule 144 under the Securities Act (or any successor provision thereto).
Securities Act has the meaning given in the Company Operating Agreement.
Service Units means the Profits Units of the Company designated as Service Units on page immediately following the signature page hereof and the vesting of which is determined by reference to Section 3(a) of this Agreement.
Subsidiary has the meaning given in the Company Operating Agreement.
Transfer has the meaning given in the Company Operating Agreement.
Units means Common Units and Profits Units.
Vesting Commencement Date means the date set forth on the page immediately following the signature page hereof.
Section 9. [Airplane Reimbursement].1
(b) At any time and from time to time, the Board shall have the authority to choose not to reimburse any amounts pursuant to Section 9(a) to the extent that, in the Boards reasonable and good faith determination (which shall include the determination of the Independent Manager (as such term is defined in the Company Operating Agreement)), such amounts represent a material increase relative to the fair market value of such amounts on the date hereof.
(c) In the event of an IPO or an Exit Sale, the Company shall terminate the Airplane Reimbursement Arrangement and any equivalent arrangement in the future with respect to private airplane use shall be determined by the board of directors (or equivalent governing body) of the Company or the IPO Corporation, as applicable.]
Section 10. Miscellaneous
(a) Authorization to Use Personal Data. The Executive authorizes any Affiliate of the Company that employs the Executive or that otherwise has or lawfully obtains personal data relating to the Executive to divulge or transfer such personal data to the Company or to a third party, in each case in any jurisdiction, if and to the extent required by law; provided, however, that the Company or its Affiliate, as applicable, shall provide the Executive with prior written notice thereof if and to the extent required by law.
(b) Notices. All notices and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered personally or sent by certified or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery, or when received in the form of a facsimile, electronic mail or other electronic transmission (receipt confirmation requested), to the Company, Management LLC, the CBP Member or the Executive, as the case may be, at the following addresses or to such other address as the Company, Management LLC, the CBP Member or the Executive, as the case may be, shall specify by notice to the others:
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Note to Draft: Section 9 to be included for Brandon Cruz and Clint Jones.