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he AOG Units shall be subject to vesting as provided in this Section 3.2. (a) Upon a Principal's termination for Cause, the vested portion of his Group's Pecuniary Interest in AOG Units shall equal (i) the product (such product, the "Partial Vested Cause Amount") of (x) the sum (such sum, the "Base Cause Amount") of su
State and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.2 shall not increase a Principal Group's number of Transferred Interests. ARTICLE V GOVERNANCE; CERTAIN RIGHTS; COMPETING ACTIVITIES Section 5.1 Executive Committee; Limitations on Holdings and the Holdings GP. (a)
ch Principal Group's Transferred Interests. (b) Upon a Principal's termination as a result of resignation or retirement, the vested portion of his Group's Pecuniary Interest in AOG Units shall equal (i) (x) such Principal Group's then-current Pecuniary Interest in AOG Units plus such Principal Group's Transferred Intere
te and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.1(d) shall not increase a Principal Group's number of Transferred Interests. NYI:1686459.16 19 EFTA00623319 SECTION 4.2 FORFEITURE BY OTHER PERSONS (a) In the event of any forfeiture to (or for the benefit of) Holding
s provided in this Section 3.2. 20 Doeff: USI:l0770389vIS EFTA00583354 (a) Upon a Principal's termination for Cause, the vested portion of his Group's Pecuniary Interest in AOG Units shall equal (i) the product (such product, the "Partial Vested Cause Amount") of (x) the sum (such sum, the "Base Cause Amount") of su
ate and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.1(d) shall not increase a Principal Group's number of Transferred Interests. Section 4.2 Forfeiture by Other Persons. (a) In the event of any forfeiture to (or for the benefit of) Holdings of AOG Units or other economic
Entities connected to both Group's Pecuniary Interest and Transferred Interests
Sections 2.8(b)(i
ORGANIZATIONBRH Holdings GP
ORGANIZATIONSubsidiaries
ORGANIZATIONForfeiting Principal
ORGANIZATIONJOINDER
ORGANIZATIONTransferee
ORGANIZATIONGlovsky
PERSONthe "Selected Courts
ORGANIZATIONSelected Court
ORGANIZATIONHarrah
ORGANIZATIONLB Group
ORGANIZATIONApollo Real Estate Capital Partners
ORGANIZATIONApollo International Real Estate Advisors
ORGANIZATIONApollo Poland Real Estate Advisors
ORGANIZATIONApollo Real Estate Mezzanine Advisors
ORGANIZATIONApollo Excelsior Capital Partners
ORGANIZATIONApollo International Real Estate Management
ORGANIZATIONApollo Real Estate Co-Investors
ORGANIZATIONApollo Real Estate Mezzanine Management
ORGANIZATIONAP Excelsior Management
ORGANIZATION