Restricted Unit Agreement definition

Restricted Unit Agreement means the Restricted Unit Agreement entered into or to be entered into between the Company and each recipient of Profits Units, in the form attached as Exhibit F or in such other form as approved by the Board.

Restricted Unit Agreement means an agreement executed by the Company and a holder of Class B Units upon the issuance of Class B Units to such Person, providing for any vesting and forfeiture of such Class B Units, and other terms and conditions relating to such Class B Units, in each case in such form approved by the Managing Member and, so long as the Founder Member Ownership Threshold is met, the Founder Member Representative.

Restricted Unit Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Restricted Unit grant.

Examples of Restricted Unit Agreement in a sentence

• In the event of any inconsistency or discrepancy between the provisions of this Restricted Unit Agreement and the terms and conditions of the Plan under which such Restricted Units are granted, the provisions in the Plan shall govern and prevail.

• Each Restricted Unit Award granted hereunder shall be evidenced by minutes of a meeting or the written consent of the Committee and by a written Restricted Unit Agreement dated as of the date of grant and executed by the Company and the Awardee, which Agreement shall set forth such terms and conditions as may be determined by the Committee consistent with the Plan.

• The Director further acknowledges that as of the Award Date, this Restricted Unit Agreement, including, without limitation, the Terms, sets forth the entire understanding between the Director and the Company regarding the grant of Units described herein and supersedes all prior oral and written agreements on that subject.

• Participant acknowledges that he or she has received, read and understood the Plan, the LLC Agreement, this Restricted Unit Agreement and is familiar with their terms and provisions.

• The Executive acknowledges that the Restricted Units will be subject to the terms and conditions set forth in this Agreement, the Restricted Unit Agreement and the LLC Agreement and shall be subject to a substantial risk of forfeiture and restrictions on transferability.

More Definitions of Restricted Unit Agreement

Restricted Unit Agreement means the Restricted Unit Agreement by and between the Company and the Executive, dated as of February [__], 2010.

Restricted Unit Agreement is defined in the Prior LLC Agreement.

Restricted Unit Agreement means any written agreement in a form approved by the Committee to be entered into by the Company and the Holder to evidence the Award of Restricted Units under Section 8 of the Plan.

Restricted Unit Agreement means a written agreement between a Participant and the Corporation evidencing an award of Restricted Units.

Restricted Unit Agreement means the Restricted Unit Agreement pursuant to which a Person receives Common Series C Units.

Restricted Unit Agreement means a written agreement between the Participant and one or more Affiliates that specifies the number of Restricted Units granted to the Participant, the Restriction Period, the effect of any Termination on Restricted Units, and such other terms and conditions as the Administrator shall determine which are not inconsistent with the provisions of the Plan.

Restricted Unit Agreement means any Restricted Unit Agreement or similar agreement with respect to Incentive Units.