Issuance of Restricted Units. The Restricted Units shall be awarded to you as of the Date of Grant. Each Restricted Unit shall be equivalent in value to one share of Common Stock and shall entitle you to receive from the Company on the Vesting Date (as defined herein) one share of Common Stock for each Restricted Unit.
Issuance of Restricted Units. The Company hereby grants [ ] Class P Units to the Participant effective as of the Effective Date. The Class P Units are intended to constitute “profits interests” within the meaning of Revenue Procedures 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the United States Internal Revenue Service or other applicable law) and, therefore, the initial Capital Account associated with each such Class P Unit at the time of its issuance is equal to zero dollars ($0.00). The Profits Interest Hurdle for such Class P Units shall be $0.00. The Class P Units issued by the Company to the Participant pursuant this Agreement are referred to below as the “Restricted Units.”
Issuance of Restricted Units. The Restricted Units shall be awarded to you as of the Date of Grant. Each Restricted Unit shall be equivalent in value to one share of Common Stock and shall entitle you to receive on the Vesting Date (as defined herein), one share of Common Stock for each such Restricted Unit then vested, unless you elect in a timely fashion to defer delivery of the shares of Common Stock, in accordance with Section 6 below, that would otherwise be due by virtue of the lapse or waiver of the vesting requirements for such Restricted Units as set forth in Section 2 below.
Issuance of Restricted Units. Upon the terms and subject to the conditions and restrictions set forth in this Agreement, and as the contribution value under the Purchase Agreement for the Contributed Property Management Agreements and Recipient’s economic interests in the Timbercreek Rights, the Operating Partnership hereby issues 505,164 Restricted Units in the name of Recipient.
Issuance of Restricted Units. Upon the terms and subject to the conditions and restrictions set forth in this Agreement, and as the contribution value under the Purchase Agreement for the ELRH II Contributed Assets, the Operating Partnership hereby issues 254,900 Restricted Units in the name of Recipient.
Issuance of Restricted Units. In consideration of the agreements and covenants of the BLDS Directors set forth in this Agreement, which agreements and covenants directly benefit LECG and Parent, Parent will issue to the BLDS Directors on the Closing Date an aggregate of 225,000 common membership units of Parent (the "Restricted Units") as follows: BLDS Director Number of Restricted Units Siskin 121,185 Cupingood 34,605 Xxxxxxx 34,605 Xxxxx 34,605 In connection with the issuance of the Restricted Units, each BLDS Director will need to execute and deliver to Parent signatures pages to those documents that are required to be executed and delivered by the current unitholders of Parent, including (i) that certain Limited Liability Company Agreement dated as of September 29, 2000, as amended, (ii) that certain Securityholders' Agreement dated as of September 29, 2000, as amended, (iii) that certain Buy Sell Agreement dated as of September 29, 2000, as amended and (iv) that certain Registration Rights Agreement dated as of September 29, 2000, as amended.
Issuance of Restricted Units. The Restricted Units shall be awarded to you as of the Date of Grant. Each Restricted Unit shall be equivalent in value to one share of Common Stock and shall entitle you to receive from the Company on the Vesting Date or the Deferred Settlement Date (each as defined herein), as applicable, for such Restricted Units one share of Common Stock for each such Restricted Unit then vested, unless you elect in a timely fashion prior to such Vesting Date to defer delivery of the shares of Common Stock, in accordance with Section 7 below, that would otherwise be due by virtue of the lapse or waiver of the vesting requirements for such Restricted Units as set forth in Section 2 below.
