Common use of Unvested Shares Clause in Contracts

Unvested Shares. Notwithstanding section 3.4.1, except as provided in other written agreements, in the case of Shares subject to a vesting schedule, Shares that are not yet vested shall not be entitled to any distributions.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (American Homeowner Preservation 2015A LLC), Limited Liability Company Agreement (Af 2019 NPL a LLC), Limited Liability Company Agreement (Af 2018 NPL a LLC)

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Unvested Shares. Notwithstanding section 3.4.1, except as provided in other written agreements4.1.2, in the case of Shares subject to a vesting schedule, Shares that are not yet vested shall not be entitled to any distributions.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Magfast LLC), Limited Liability Company Agreement, Limited Liability Company Agreement

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