Examples of Management Unitholder in a sentence
Management Unitholder shall be the record owner of the shares of Restricted Stock until or unless such shares of Restricted Stock are forfeited pursuant to the terms of this Agreement, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights with respect to the shares of Restricted Stock and rights to dividends or other distributions, subject to Section 6 below.
Management Unitholder acknowledges and accepts the terms of this Agreement.
Any notice necessary under this Agreement shall be addressed to the General Partner, the Partnership or the Company in care of its Chief Legal Officer at its principal executive office and to Management Unitholder at the address appearing in the personnel records of the Company for such Management Unitholder or to either party at such other address as either party hereto may hereafter designate in writing to the other.
Except as set forth in the applicable Unit Award Agreement, as amended by this Section 2 of this Appendix A, in the event of the Management Unitholder’s Termination for any reason prior to the time that all of the shares of Restricted Stock have vested, (A) all vesting with respect to such shares of Restricted Stock shall cease and (B) unvested shares of Restricted Stock shall be forfeited to the Company by the Management Unitholder for no consideration as of the date of such Termination.
The Management Unitholder hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.
Management Unitholder shall timely (within 30 days following the Distribution Time) file (via certified mail, return receipt requested) such election with the Internal Revenue Service, and thereafter shall certify to the Company that Management Unitholder has made such timely filing and furnish a copy of such filing to the Company.
The Management Unitholder hereby consents to receive such documents by electronic delivery and agrees to receive information related to the shares of Restricted Stock through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.
Management Unitholder acknowledges that, upon consummation of the Distribution, Management Unitholder will no longer hold any Partnership Class B Units and will have no surviving rights or obligations under the Partnership Agreement or any other governing documents of the Partnership or any other agreements related to ownership of any such Partnership Class B Units, other than as expressly set forth herein.
Further, the Company or any of its affiliates (as applicable) may at any time terminate the employment or engagement of Management Unitholder, free from any liability or claim under the Equity Incentive Plan or this Agreement, except as otherwise expressly provided herein.
Management Unitholder hereby consents to such amended vesting terms in accordance with the Equity Incentive Plan.