Grantee Units definition

Grantee Units has the meaning set forth in Section 1(a) hereof. The Grantee Units will continue to be Grantee Units in the hands of any holder other than the Grantee (except for the Company and except for transferees in a public sale) and, except as otherwise provided herein, each such other holder of the Grantee Units will succeed to all rights and obligations attributable to the Grantee as a holder of the Grantee Units hereunder. The Grantee Units will also include equity interests of the Company issued with respect to the Grantee Units by way of an equity split, dividend of equity or other recapitalization.
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Examples of Grantee Units in a sentence

  • All of such Class B Common Units issued to the Grantee hereby are referred to herein as “Grantee Units.” To secure the Company’s rights under the Repurchase Option in Section 3, the Company will retain possession of the certificates representing the Grantee Units and will provide the Grantee with copies thereof.

  • Notwithstanding anything to the contrary contained in the Securityholders’ Agreement, no Grantee Units that have not become Vested Units pursuant to Section 2 hereof may be transferred to any Person and no Grantee Units that are Vested Units may be transferred to any Person who is not an Affiliate of the Grantee.

  • The Grantee Units granted hereunder (the “Units”) will be deemed “vested” (the “Vested Units”) in accordance with this Section 2.

  • The certificates representing the Grantee Units will bear the following legend: “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE, REPURCHASE RIGHTS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A RESTRICTED UNIT AGREEMENT DATED NOVEMBER 10, 2004, BETWEEN THE COMPANY AND THE OTHER SIGNATORY THERETO.

  • If the Grantee does not consent, or if the Grantee later seeks to revoke the Grantee’s consent, the Grantee’s employment status or service and career with the Grantee’s employer will not be adversely affected; the only adverse consequence of refusing or withdrawing the Grantee’s consent is that the Company would not be able to grant to the Grantee Units or other awards or administer or maintain such awards.

  • The certificates representing the Grantee Units will bear the following legend: “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO FORFEITURE, REPURCHASE RIGHTS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A RESTRICTED UNIT AGREEMENT DATED NOVEMBER 19, 2004, BETWEEN THE COMPANY AND THE OTHER SIGNATORY THERETO.

  • Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company hereby grants to the Grantee Units (the “Grant”).

  • The Grantee agrees to take whatever additional actions and execute whatever additional documents that in the judgment of the Company are required to carry out or effect one or more of the obligations or restrictions imposed on the Grantee, Units or Shares pursuant to the provisions of this Agreement or to comply with applicable laws.

  • The Corporation hereby awards the Grantee Units pursuant to the Plan and upon the terms and conditions, and subject to the restrictions, therein and hereinafter set forth.

  • The Company hereby awards the Grantee Units, representing the target amount of Units which may be earned pursuant to this Award (“Target Units”).

Related to Grantee Units

  • 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.

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

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

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

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Units means an Award which may be earned in whole or in part upon 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.

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

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

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

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Grantee means the Party receiving funds under this Contract. May also be referred to as "Contractor" in certain attachments.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

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

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

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

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.