Unrestricted Incentive Units definition

Unrestricted Incentive Units has the meaning set forth in Section 3.03(b)(i)(B).
Sample 1
Unrestricted Incentive Units has the meaning set forth in Section 3.05(f)(ii). “Voting Members” has the meaning set forth in Section 4.07(b).
Sample 1
Unrestricted Incentive Units means any Incentive Units that have vested pursuant to the terms of the Incentive Plan and any associated Award Agreement.
Sample 1

Examples of Unrestricted Incentive Units in a sentence

  • The Administrator may, in its discretion, provide in any Award Agreement that all or a portion of a Participant’s Restricted Incentive Units shall become Unrestricted Incentive Units upon a Change in Control and/or that the restrictions and limitations applicable to the Incentive Units shall lapse and such Incentive Units shall become free of all restrictions and become fully vested and transferable (subject to any restrictions generally applicable to other Members).

  • In the event of a Termination of Service for Cause, Unrestricted Incentive Units shall be forfeited without consideration.

  • In the event of a Change in Control and the Service Provider’s Termination of Service with the Company for a reason other than Cause within twelve (12) months after the occurrence of the Change in Control (a “Double-Trigger Change in Control”), all Restricted Incentive Units that are outstanding on the date of the Termination of Service shall fully vest and become Unrestricted Incentive Units.

  • Notwithstanding Section 3 hereof, and subject to the Participant’s continued service with the Company Group Member that employs the Participant, in the event of (i) a Change in Control, and (ii) the Participant’s Termination of Service other than for Cause within one (1) year of the date of the Change in Control, all Restricted Incentive Units outstanding on the date of the Termination of Service shall fully vest on the date of the Termination of Service and become Unrestricted Incentive Units.

  • Notwithstanding the provisions of Section 10.03(b)(iv), the Company shall not be obligated to purchase any Offered Unrestricted Incentive Units if there exists a Delay Condition.

  • At the closing of any sale and purchase pursuant to this Section 10.03, the Offering Service Provider shall deliver to the Company a certificate or certificates representing the Offered Unrestricted Incentive Units to be sold (if any), accompanied by evidence of transfer and all necessary transfer taxes paid and stamps affixed, if necessary, against receipt of the Put Purchase Price.

  • Notwithstanding anything contained herein to the contrary, the number of Incentive Units that the Company may issue pursuant to the Incentive Plan, when combined with any Restricted Incentive Units and any Unrestricted Incentive Units already issued and outstanding, shall not exceed 10% of the aggregate total of Common Units outstanding on a Fully Diluted Basis as of the date of the proposed grant.

  • Notwithstanding the provisions of Section 10.07(b)(iv), the Company shall not be obligated to purchase any Offered Unrestricted Incentive Units if there exists a Delay Condition.

  • At the closing of any sale and purchase pursuant to this Section 10.07, the Offering Service Provider shall deliver to the Company a certificate or certificates representing the Offered Unrestricted Incentive Units to be sold (if any), accompanied by evidence of transfer and all necessary transfer taxes paid and stamps affixed, if necessary, against receipt of the Put Purchase Price.

  • Except as specifically provided by the Plan, a Grant Agreement, the LLC Agreement or the Employee LLC Agreement, an Award of such Incentive Units shall not give a participant rights as a member of the Company or CompoSecure Employee L.L.C.; instead, such participant shall obtain such rights, subject to any limitations imposed by the Plan, the Grant Agreement, or the Employee LLC Agreement, upon such Incentive Units becoming Unrestricted Incentive Units (as defined in the LLC Agreement).


More Definitions of Unrestricted Incentive Units

Unrestricted Incentive Units has the meaning set forth in Error! Reference source not found..
Sample 1

Related to Unrestricted Incentive Units

  • Unrestricted Shares means a grant of Shares made on an unrestricted basis pursuant to Section 13 of the Plan.

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Unrestricted Cash means all cash and cash equivalents other than restricted cash.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Restricted means the outcome of an adverse action that limits a license or the privilege to practice.

  • Unrestricted Global Note means a permanent Global Note, substantially in the form of Exhibit A attached hereto, that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes that do not bear the Private Placement Legend.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Unrestricted Global Notes means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Restricted Award means any Award granted pursuant to Section 7.2(a).

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Restricted Share Award means an award of Restricted Shares.

  • Stock Bonus Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b).

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.