Document ID: 10857

Text:
4.04 Equity Awards. Following the Effective Date, the Employee shall be eligible to be issued either (i) 123,000 options to purchase ClassA Common Stock of the Company (the Options), subject to the Company undergoing an initial public offering of the Companys common stock (the IPO) on or prior to December31, 2017 , or (ii) 600 Common Units (the Profits Interests) of Funko Acquisition Holdings, LLC (the Parent), in the event the IPO does not occur for any reason on or prior to December31, 2017 . The Options will be subject to an incentive award plan, to be adopted by the Company and an award agreement. The Profits Interests will be subject to the Parents limited liability company agreement and an award agreement to be adopted thereunder. The Options or Profits Interests, as applicable, will be subject to vesting with 25% of such award vesting as of the date of grant and the remaining 75% of such award vesting ratably on the first three anniversaries of the date of grant.

Named Entities:
23
25
Shares
62
64
EffectiveDate
127
128
Title
167
168
Percentage
182
183
Percentage

Tokenized Text:
4
.
04
Equity
Awards
.
Following
the
Effective
Date
,
the
Employee
shall
be
eligible
to
be
issued
either
(
i
)
123
,
000
options
to
purchase
ClassA
Common
Stock
of
the
Company
(
the
Options
)
,
subject
to
the
Company
undergoing
an
initial
public
offering
of
the
Companys
common
stock
(
the
IPO
)
on
or
prior
to
December31
,
2017
,
or
(
ii
)
600
Common
Units
(
the
Profits
Interests
)
of
Funko
Acquisition
Holdings
,
LLC
(
the
Parent
)
,
in
the
event
the
IPO
does
not
occur
for
any
reason
on
or
prior
to
December31
,
2017
.
The
Options
will
be
subject
to
an
incentive
award
plan
,
to
be
adopted
by
the
Company
and
an
award
agreement
.
The
Profits
Interests
will
be
subject
to
the
Parents
limited
liability
company
agreement
and
an
award
agreement
to
be
adopted
thereunder
.
The
Options
or
Profits
Interests
,
as
applicable
,
will
be
subject
to
vesting
with
25
%
of
such
award
vesting
as
of
the
date
of
grant
and
the
remaining
75
%
of
such
award
vesting
ratably
on
the
first
three
anniversaries
of
the
date
of
grant
.