Publicly Traded Units Sample Clauses
The 'Publicly Traded Units' clause defines how units or shares of an entity that are listed and traded on a public securities exchange are treated under the agreement. It typically outlines the conditions under which these units are considered publicly traded, such as being listed on recognized exchanges like the NYSE or NASDAQ, and may specify the implications for ownership transfers, reporting obligations, or triggering certain rights or restrictions. This clause ensures clarity regarding the status and handling of publicly traded units, helping to address issues related to liquidity, regulatory compliance, and the application of specific contractual provisions tied to public trading status.
Publicly Traded Units. If the Units are or become Publicly Traded on or prior to the date at which Restricted Equity Units (other than Retirement Eligible Units) vest:(i) the Units related to such vested Restricted Equity Units shall be delivered promptly (and in all events within 60 days) following the date such Restricted Equity Units have become vested and (ii) Units related to Retirement Eligible Units shall be delivered promptly (and in all events within 60 days) following the earlier of the vesting date under Section 7.1(c) or the date of the Participant’s termination of employment, unless such Restricted Equity Units were granted at a time when the Units were not Publicly Traded, in which case they shall be delivered in accordance with Section 7.6(b) in all circumstances.
Publicly Traded Units. All references herein to the Units as Publicly Traded securities and any similar statements shall be construed to mean securities of a successor to the Company or a wholly-owned subsidiary of the Company which have been the subject of an Underwritten Offering.
Publicly Traded Units. If the Units are or become Publicly Traded on or prior to the date at which Restricted Equity Units (other than Retirement Eligible Units) vest:(i) the Units related to such vested Restricted Equity Units shall be delivered
Publicly Traded Units. If the Company’s Units are listed on an established national or regional stock exchange or are publicly traded in an established securities market, the right of first refusal under Section 14.1 shall terminate as of the first date that the Units are so listed, quoted or publicly traded.