Extract to table

In full and final satisfaction of all allowed Class 4 claims, each holder shall receive its pro rata share of a cash distribution pool in the amount of $1

On the Effective Date, all existing equity interests in CPS Holdings and Crestline shall be cancelled, released, and extinguished, and the holders thereof shall receive no distribution or other consideration under the Plan

The Plan provides for the establishment of a management incentive plan (the "MIP") pursuant to which up to 10% of the Reorganized Equity shall be reserved for issuance to eligible participants following the Effective Date

The specific participants, award levels, and terms of the MIP shall be determined by the board of directors or board of managers (as applicable) of reorganized Crestline, in consultation with the required parties under the Plan

The MIP awards shall be subject to the following vesting schedule: (a) 50% shall vest on a time-based schedule, with a three-year cliff vesting period from the date of grant; and (b) 50% shall vest on a performance-based schedule, tied to the achievement of specified EBITDA targets to be established by the reorganized board

(e) Lenders: The New First Lien Take-Back Term Loan shall be allocated pro rata to holders of allowed Class 2 claims who elect to participate