Class B Incentive Units definition

Class B Incentive Units means the Units designated as Class B Incentive Units under this Agreement.
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Class B Incentive Units means the Units designated as Class B Incentive pursuant to Section 3.1.
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Class B Incentive Units shall have the meaning as that term is defined in Section 2.08.
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Examples of Class B Incentive Units in a sentence

  • Executive shall receive a grant of Class B Incentive Units representing up to 20% of the outstanding equity of SG, calculated before the Initial Capital Raise.

  • The Company shall at all times be entitled to make payments with respect to each Member in amounts required to discharge any obligation of the Company to withhold or make payments to any U.S. federal, state, local or foreign taxing authority (“Taxing Authority”) with respect to any issuance of Class B Incentive Units or distribution or allocation of income or gain to such Member and to withhold (or deduct) the same from distributions to such Member.

  • The Class B Incentive Units issued hereunder shall have a Participation Threshold equal to $0.00 per Class B Incentive Unit, subject to adjustment as provided in the LLC Agreement.

  • Upon entry of this Order each party will promptly undertake to transfer to their name individually the balance owed on each debt assumed by the said party per Schedules B and C.

  • The Class B Incentive Units will carry no consent, approval, veto or other voting rights under this Agreement, and for the avoidance of doubt, shall not be deemed to be Common Units under any circumstance.

  • As of the Effective Date, no Class B Incentive Units have been issued.

  • On September 1, 2020 (the “Effective Date”), the Company will issue to Employee (i) 450,000 Class B Incentive Units at no cost per Unit (the “Incentive Units”), and (ii) 450,000 phantom units (each, a “Phantom Unit”, and collectively, the “Phantom Units”) at no cost per Phantom Unit, representing a potential one-time lump sum payment of a portion of a transaction bonus pool of up to $5,021,500 (the “Transaction Bonus”), to be received within thirty (30) days of the consummation of a Sale of the Company.

  • In connection with any underwritten public offering of employee securities, Employee agrees to enter into any lockup or similar agreement requested by the underwriters managing such public offering on substantially the same terms as apply to holders of Company Equity Securities holding Class B Incentive Units, Class C Units, Class D Units, and Class E Units.

  • Few central governments understand the local realities of their ASMpopulations, or their economic potential.

  • In addition to the Class A Voting Units the Company has authorized for issuance pursuant to an equity incentive plan to be adopted by the Initial Members (the “Equity Incentive Plan”), up to1,000 Class B Incentive Units to be issued to employees of and consultants to the Company other than the Initial Members (the “Class B Incentive Units”).

Related to Class B Incentive Units

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Class B Units means the Class B Units of the Company.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class B Interests As set forth in the Trust Agreement.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Class C Shares means shares of the Class C Common Stock.

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.