Unvested Class B Common Units definition

Unvested Class B Common Units means, with respect to any Class B Common Units that are subject to vesting pursuant to the applicable Equity Agreement pursuant to which they were issued, any Class B Common Units other than Vested Class B Common Units.
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Unvested Class B Common Units of a Member means all of such Member’s Class B Common Units that are not Vested Class B Common Units.
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Unvested Class B Common Units means, with respect to a Class B Member, any Class B Common Units granted to such Member that have not yet vested in accordance with the terms of the written award agreement pursuant to which such Class B Common Units were granted. All other capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the LLCA. To the extent that a term specifically defined in this Section 1.1 conflicts with a definition provided in the LLCA, the specific definition set forth herein shall govern.
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Examples of Unvested Class B Common Units in a sentence

  • Upon the termination of a Class B Member’s Service, all of such Member’s Unvested Class B Common Units shall automatically and immediately be terminated, redeemed and forfeited without any consideration or further action on anyone’s part, resulting in the surrender, termination and forfeiture of all of such Member’s rights, privileges and preferences attendant to its ownership of such Unvested Class B common Units.

  • For purposes of allocating Profits and Losses pursuant to this Section 4.2, (and Section 4.3 and Section 4.4, to the extent applicable), all outstanding Class B Common Units shall be treated as vested; provided that, in the event that a Unitholder’s Unvested Class B Common Units are forfeited or repurchased, Forfeiture Allocations as described in Section 4.3(f) may, in the discretion of the Manager, be made.

Related to Unvested Class B Common Units

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Class B Common Shares means the Class B Convertible Voting Common Shares of the Company, par value $1.00 per share.

  • Class B Units means the Class B Units of the Company.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.

  • Company Class B Common Stock means the Class B common stock, par value $0.01 per share, of the Company.

  • Class A Common Shares means class A common shares of a nominal or par value of US$0.00001 each in the capital of the Company having the rights provided for in the Memorandum and Articles of Association, and any shares into which such class A common shares may be converted.

  • Class C Shares means shares of the Class C Common Stock.

  • Company Class A Common Stock means the Class A common stock, par value $0.0001 per share, of the Company.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class B Shares means the Class B ordinary Shares in the capital of the Company of $0.0001 nominal or par value designated as Class B Shares, and having the rights provided for in these Articles.

  • Class A Common Stock means the Class A Common Stock, par value $.01 per share, of the Company.

  • Parent Class B Common Stock means the Class B Common Stock, par value $0.01 per share, of Parent.

  • Class B Interests As set forth in the Trust Agreement.

  • Class V Common Stock means the Class V common stock, par value $0.0001 per share, of the Corporation.

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.