diff --git a/SingeLLCOpAgreement/ProfitInterestGrant.md b/SingeLLCOpAgreement/ProfitInterestGrant.md index 52d684d..288d045 100644 --- a/SingeLLCOpAgreement/ProfitInterestGrant.md +++ b/SingeLLCOpAgreement/ProfitInterestGrant.md @@ -5,11 +5,18 @@ The Company desires to issue a percentage of the Company profits designated as “Profits Interest Units” to the Member in connection with Members performance of services for the benefit of the Company. -The parties intend that the Profits Interest Units issued pursuant to this Agreement constitute “profits interests,” as described in Section 4.01 of Rev. Proc. 93-27, 1993-2 C.B. 343, as clarified by Rev. Proc. 2001-43, 2001-34 I.R.B. 191, issued by the Internal Revenue Service. +The parties intend that the Profits Interest Units issued pursuant to this Agreement constitute “profits interests,” +as described in Section 4.01 of Rev. Proc. 93-27, 1993-2 C.B. 343, as clarified by +Rev. Proc. 2001-43, 2001-34 I.R.B. 191, issued by the Internal Revenue Service. -The Company will revalue its assets as of the Effective Date in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(f)(5)(iii) and the Capital Accounts of the Members of the Company will be adjusted to reflect such revaluation. +The Company will revalue its assets as of the Effective Date in accordance with Treasury Regulations Section +1.704-1(b)(2)(iv)(f)(5)(iii) and the Capital Accounts of the Members of the Company will be adjusted to reflect +such revaluation. -In consideration of Members providing services for the benefit of the Company, the Company hereby issues to Members the percentage interests below: +In consideration of Members providing services for the benefit of the Company, the Company hereby issues to Members +the percentage interests below: + +FILLTHISIN * @@ -18,7 +25,7 @@ In consideration of Members providing services for the benefit of the Company, t * -The above three interests are fully vested. +The above interests are fully vested. * Reserved for future members pre SEAL capital raise : @@ -26,5 +33,5 @@ The above three interests are fully vested. The above two interests are subject to negoiation in regards to vesting. +FILLTHISIN (put vesting terms if any here) (or remove this whole section as desired) -(above is conitional and not refelcting current cap table, will be changed before sending for signig) diff --git a/SingeLLCOpAgreement/TitlePage.md b/SingeLLCOpAgreement/TitlePage.md index b3e659d..8961813 100644 --- a/SingeLLCOpAgreement/TitlePage.md +++ b/SingeLLCOpAgreement/TitlePage.md @@ -1,3 +1,3 @@ --- -title: " Limited Liability Company NonDisclosure , Intellectual Property Assignment , Operating Agreement" +title: "company name Limited Liability Company NonDisclosure , Intellectual Property Assignment , Operating Agreement" --- diff --git a/build/.common.sh.swp b/build/.common.sh.swp deleted file mode 100644 index eebd766..0000000 Binary files a/build/.common.sh.swp and /dev/null differ