Common use of Incentive Units Clause in Contracts

Incentive Units. The Units of Aggregator issued to Executive hereunder (the “Incentive LLC Units”) and the corresponding LLC Units of Cure TopCo issued to Aggregator (the “Corresponding Incentive Units”) are subject to the vesting conditions set forth in this Section 3. A portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to time-based vesting conditions (the “Time-Based Units”) and a portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to performance-based and time-based vesting conditions, as applicable (the “Performance-Based Units”). For purposes of this Agreement and the Aggregator LLC Agreement, the Incentive LLC Units and Corresponding Incentive Units which have become vested in accordance with this Section 3 shall be referred to herein as the “Vested Units” and the remaining Incentive LLC Units and Corresponding Incentive Units shall be referred to herein as the “Unvested Units.” The Incentive LLC Units are subject to the restrictions set forth in this Agreement.

Appears in 3 contracts

Samples: Incentive Unit Agreement (Signify Health, Inc.), Amended and Restated Incentive Unit Agreement (Signify Health, Inc.), Amended and Restated Incentive Unit Agreement (Signify Health, Inc.)

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Incentive Units. The Units of Aggregator issued to Executive hereunder in exchange for Executive’s Incentive Units (the “Incentive LLC Units”) and the corresponding LLC Units of Cure TopCo issued to Aggregator in exchange for the Corresponding Common Units (the “Corresponding Incentive Units”) are subject to the vesting conditions set forth in this Section 3. A portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to time-based vesting conditions (the “Time-Based Units”) and a portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to performance-based and time-performance- based vesting conditions, as applicable conditions (the “Performance-Based Units”). For purposes of this Agreement and the Aggregator LLC Agreement, the Incentive LLC Units and Corresponding Incentive Units which have become vested in accordance with this Section 3 shall be referred to herein as the “Vested Units” and the remaining Incentive LLC Units and Corresponding Incentive Units shall be referred to herein as the “Unvested Units.” The Incentive LLC Units are subject to the restrictions set forth in this Agreement. 3.1.

Appears in 2 contracts

Samples: Incentive Unit Agreement (Signify Health, Inc.), 12 Incentive Unit Agreement (Signify Health, Inc.)

Incentive Units. The Units of Aggregator issued to Executive hereunder in exchange for Executive’s Incentive Units (the “Incentive LLC Units”) and the corresponding LLC Units of Cure TopCo issued to Aggregator in exchange for the Corresponding Common Units (the “Corresponding Incentive Units”) are subject to the vesting conditions set forth in this Section 3. A portion of the The Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to time-based vesting conditions (the “Time-Based Units”) and a portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to performance-based and time-based vesting conditions, as applicable (the “Performance-Based Units”). For purposes of this Agreement and the Aggregator LLC Agreement, the Incentive LLC Units and Corresponding Incentive Units which have become vested in accordance with this Section 3 shall be referred to herein as the “Vested Units” and the remaining Incentive LLC Units and Corresponding Incentive Units shall be referred to herein as the “Unvested Units.” The Incentive LLC Units are subject to the restrictions set forth in this Agreement. 3.1.

Appears in 1 contract

Samples: 11 Incentive Unit Agreement (Signify Health, Inc.)

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Incentive Units. The Units of Aggregator issued to Executive hereunder in exchange for Executive’s Incentive Units (the “Incentive LLC Units”) and the corresponding LLC Units of Cure TopCo issued to Aggregator in exchange for the Corresponding Common Units (the “Corresponding Incentive UnitsUnits ”) are subject to the vesting conditions set forth in this Section 3. A portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to time-time- based vesting conditions (the “Time-Based Units”) and a portion of the Incentive LLC Units and Corresponding Incentive Units, as set forth on Appendix B, shall be subject to performance-based and time-based vesting conditions, as applicable conditions (the “Performance-Based Units”). For purposes of this Agreement and the Aggregator LLC Agreement, the Incentive LLC Units and Corresponding Incentive Units which have become vested in accordance with this Section 3 shall be referred to herein as the “Vested Units” and the remaining Incentive LLC Units and Corresponding Incentive Units shall be referred to herein as the “Unvested Units.” The Incentive LLC Units are subject to the restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Incentive Unit Agreement (Signify Health, Inc.)

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