Common use of General Vesting Terms Clause in Contracts

General Vesting Terms. Any fractional Restricted Incentive Units resulting from the vesting of the Restricted Incentive Units in accordance with the Agreement shall be rounded down to the nearest whole number. Any portion of the Restricted Incentive Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period.

Appears in 4 contracts

Samples: Performance Unit Agreement (EnLink Midstream Partners, LP), Performance Unit Agreement (EnLink Midstream Partners, LP), Performance Unit Agreement (EnLink Midstream Partners, LP)

AutoNDA by SimpleDocs

General Vesting Terms. Any fractional Restricted Incentive Units resulting from the vesting of the Restricted Incentive Units in accordance with the this Agreement shall be rounded down to the nearest whole number. Any portion of the Restricted Incentive Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period.

Appears in 2 contracts

Samples: Performance Unit Agreement (EnLink Midstream Partners, LP), Performance Unit Agreement (EnLink Midstream Partners, LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!