Specified Units definition

Specified Units means with respect to each Excluded Property, the number of Common Units and/or Preferred Units (as the case may be) which would have been issued to the Parent, pursuant to Section 4.3.B and Section 4.2 hereof, if the Parent had contributed such Excluded Property to the Company on the date that such asset was acquired by the Parent or a wholly owned Subsidiary of the Parent, in exchange for Units equal in value to the fair market value of such Excluded Property as of such date.
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Specified Units means Restricted Stock Units that are subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), including Restricted Stock Units granted to any Participant who is on the Grant Date or will in any fiscal year of the Company prior to the fiscal year of the Company prior to the Vesting Date become eligible for Retirement.
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Specified Units has the meaning set forth in Section 3.11(a)(iii).
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Examples of Specified Units in a sentence

  • No other Change in Control (as defined in the Plan) shall trigger any settlement of Specified Units.

  • The Selling Member shall deliver to the Company and the Co-Sale Members a written notice of the proposed transaction (hereinafter referred to as a “Co-Sale Notice”) to Transfer the Specified Units which shall set forth the name and address of the Third Party Purchaser and the material terms and conditions of the proposed transactions, including the purchase price and the number of Specified Units (the “Co-Sale Terms”).

  • Original Rolling Stock‌‌ Note A: Where in Column 6 both a Scheduled Lease Expiry Date and an Early Redelivery Date are specified in relation to one or more specified units (each being a “Specified Unit”) the Lease Expiry Date for the Specified Units shall be the Early Redelivery Date.

  • Fees and expenses of the Escrow Agent relating to the Escrow Agreement shall be borne equally by Seller, the Unitholders (other than the holders of Specified Units) and the Vested Company Optionholders, on the one hand, and Buyer, on the other hand, with the portion of such fees for which Seller, the Unitholders (other than the holders of Specified Units) and the Vested Company Optionholders are responsible to be paid by the Equityholders’ Representative from the Holdback Amount.

  • The Manager is expressly authorized to cause the Company to issue the Specified Units at such times, and in the numbers, specified in this Section 4.9 without any further act, or Consent of any Member or any other Persons.

  • In the event of a Change in Control (as defined in the Plan), then the Restricted Stock Units (other than Specified Units) shall vest or continue as set forth in the Plan.

  • SALE OF UNITS 22.12 If the requirements of any such notice are not compiled with by the person to whom the notice is addressed within the time specified in the notice, the Manager may cause the Specified Units to be sold on any stock exchange on which they are quoted, or, if they are not so quoted, in a manner determined by the Manager.

  • All cash paid for the Units (other than the Specified Units) in accordance with the terms of this ARTICLE III shall be deemed to have been paid in full satisfaction of all rights pertaining to such Units; provided that, for the avoidance of doubt, the foregoing shall in no way limit the obligations of any party under the Tax Receivable Agreement.

  • In the event of a Change in Control (as defined in the Plan), then the Restricted Stock Units other than Specified Units shall vest or continue as set forth in the Plan.

  • The issued and outstanding membership interests of Buyer LLC Sub shall automatically be converted into and become, in the aggregate, a number of validly issued, fully paid and nonassessable, membership interests of the Surviving Company equal to the number of outstanding Units of the Company immediately prior to the Closing less the Specified Units.


More Definitions of Specified Units

Specified Units has the meaning set forth in Section 5.3.
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Related to Specified Units

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Unvested Units means any Executive Units which are not Vested Units.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.