Unvested Units. To the extent that any distribution, other than a Tax Distribution, is to be made to a Member in respect of any Unvested Unit, such distribution shall be set aside for such Member to be distributed to such Member at the time that such Unit ceases to be an Unvested Unit. To the extent that such Unvested Unit shall be forfeited by or repurchased from such Member without having ceased to be an Unvested Unit, such distribution shall revert to the Company.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Malibu Boats, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.), Limited Liability Company Agreement (DynaVox Inc.)
