Profit Units definition

Profit Units means profits interests or units issued pursuant to the terms of the Company LLC Agreement.

Profit Units means those Class B Units and Class C Units as granted to participants under the HVM Incentive Plan and ESH Manager Plan.

Profit Units means the Class P Incentive Units of Skyline, as defined in the Skyline Operating Agreement.

Examples of Profit Units in a sentence

• The Merger Consideration will be allocated to the Skyline Members (including, without limitation, Members holding Profit Units in accordance with the spreadsheet attached hereto as Annex 1.7(a)(i) (the “Consideration Spreadsheet”).

• The expected holding period represented the period of time that the Profit Units were expected to be outstanding.

• In connection with the grant of Profit Units hereunder, Holder hereby agrees to make an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, and comparable provisions of any state tax law, to include in Holder’s gross income the fair market value (as of the date of acquisition) of the Profit Units granted hereunder.

• ADMISSION NUMBER The Governors have determined an admission number for this cohort of 206.

• In addition, provided that Holder is employed by United Maritime through the consummation of a Change in Control, all Time-Vested Profit Units that have not previously vested as of such date shall vest immediately prior to such Change in Control.

More Definitions of Profit Units

Profit Units means for each Limited Partner, the Profit Units indicated in the books and records of the Partnership and/or in such Partner’s Supplementary Agreement.

Profit Units has the meaning set forth in Section 4.2(a).

Profit Units means the Class A Profit Units, the Class B Profit Units and the Class C Profit Units. “Profit Unit Exchange” has the meaning set forth in Section 6.03(c). “Profit Unit Member” means each Person who holds Profit Units, and any other Person admitted as an additional or substitute Profit Unit

Profit Units has the meaning given in Section 5.1.

Profit Units means the Class A Profit Units, the Class B Profit Units and the Class C Profit Units. “Profit Unit Exchange” has the meaning set forth in Section 6.03(c).

Profit Units shall have the meaning specified in each applicable Governing Agreement.

Profit Units means for each Member, the Profit Units indicated in the books and records of the Company and/or in such Member’s Supplementary Agreement.