Examples of Incentive Unit Award Agreement in a sentence
If applicable, any additional terms of the Incentive Units, including vesting, forfeiture and repurchase, shall be set forth in an Incentive Unit Award Agreement.
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Plaintiff next argues that the individual Defendants have consented to personal jurisdiction in Delaware by operation of the Delaware forum selection clause in the Incentive Unit Award Agreement.
Incentive Units shall be non-Transferable, except as set forth in an Incentive Unit Award Agreement, if applicable, to a Permitted Transferee of the holder of such Incentive Units as set forth in Section 5.01(c)(iv), and any other attempted Transfer of Incentive Units shall be null and void and of no effect.
Without limiting the rights of Members to receive Distributions in accordance with Article VI, except upon a dissolution and liquidation of the Company effected in accordance with Articles X and XI hereof or in connection with certain repurchases of Incentive Units pursuant to Section 5.1 or any Incentive Unit Award Agreement, no Member shall have the right to withdraw its Capital Contributions from the Company.
The parties hereto have executed this LTIP Incentive Unit Award Agreement intending the same to be effective as of September 7, 2017 (the “Effective Date”).
Certain of the IDR Conversion Common Units received by the holders of Class B Units will be subject to vesting terms and conditions set forth in a supplement to the Incentive Unit Award Agreement between such holder and the General Partner, which supplement will be executed contemporaneously with the execution hereof.
Except as otherwise set forth in this Agreement or any Incentive Unit Award Agreement, the Company shall not redeem or repurchase any Member’s Units and no Member shall have the right to withdraw from the Company, or receive any return of any Capital Contribution.
Executive further represents that Executive is the sole owner of his vested Series B Units in Raven Power, his vested X-x Units in Midco, and his Cumulus Units, subject to the terms and conditions of the Raven Power LLC Agreement, Raven Power Incentive Unit Award Agreement, Midco LLC Agreement, the X-x Midco Award Agreement, and the Cumulus Holdings LLC Agreement.
Unvested Class B Units shall vest or remain unvested in the manner and subject to the conditions set forth in the applicable Incentive Unit Award Agreement under which such Class B Units are granted; provided, however, that the Managing Member may, in its sole discretion, accelerate the vesting of any Unvested Class B Unit and modify the number of Unvested Class B Units subject to any call right of the Company pursuant to the applicable Incentive Unit Award Agreement.