Unvested Class B Units definition

Unvested Class B Units means Class B Units that are issued as unvested Class B Units and have not vested in accordance with the terms of Exhibit B to this Agreement.
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Unvested Class B Units is defined in the LLC Agreement.
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Unvested Class B Units has the meaning assigned to such term in Section 3.3.
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Examples of Unvested Class B Units in a sentence

  • Upon the termination of the Executive’s employment with the Company and its subsidiaries for any reason whatsoever, (a) all Unvested Class B Units held by the Executive as of the Termination Date shall expire and be immediately forfeited and canceled in their entirety as of the Termination Date and (b) all Vested Class B Units held by the Executive, subject to Sections 5.3 and 5.4 below, shall remain outstanding.

  • After the first anniversary of the date hereof, the remaining Unvested Class B Units equal to 75% of the total amount of the Class B Units issued to the Executive pursuant to this Agreement shall vest in three equal pro rata installments on the second, third and fourth anniversaries of the date hereof, such that all Class B Units granted hereunder shall be vested on , 2012.

  • No Class B Member shall be entitled to receive any distributions pursuant to this Section 5.14 with respect to any Unvested Class B Units.

  • Notwithstanding the foregoing, during the Additional Unit Period, Section 3.3 instead of this Section 3.1(f) shall govern the adjustment of the number of Unvested Class B Units and unreleased Additional Founder Units.

  • Unvested Class B Units shall vest in accordance with the Plan under which such Class B Units were issued.

  • If your Continuous Service terminates as a result of your death or Disability, the Unvested Class B Units (as defined in the Operating Agreement) then remaining automatically will become fully vested upon such termination of Continuous Service.

  • As of the applicable Grant Date, the Awarded B Units issued pursuant to this Agreement are Unvested Class B Units under the LLC Agreement, subject to all of the restrictions on Unvested Class B Units (as well as on Class B Units, in general) under the LLC Agreement and carry only such rights as are conferred on Unvested Class B Units under the LLC Agreement (“Unvested Units”).

  • If your Continuous Service terminates for any reason other than as provided in Section 5(a), unless otherwise determined by the Committee or its designee, the Unvested Class B Units then remaining outstanding automatically shall be forfeited without payment upon such termination of Continuous Service.

  • Vesting Executive Securities that have become vested are referred to herein as "Vested Class B Units," and all other Vesting Executive Securities are referred to herein as "Unvested Class B Units." The number of Vested Class B Units shall not increase once the Executive ceases to be employed by the Company and/or any of its Subsidiaries.

  • Such Call Notice shall identify the Unvested Class B Units to be called (the “Subject Units”) and set forth the call price of the Subject Units to be called by the Company (the “Purchase Price”).


More Definitions of Unvested Class B Units

Unvested Class B Units means, as of any given time, any Class B Units that are subject to vesting or a similar forfeiture provision pursuant to any Management Equity Agreement and which have not yet vested or as to which such forfeiture provision shall not have lapsed in accordance with the terms of such Management Equity Agreement.
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Unvested Class B Units means the Budget Class B Units and the Completion Class B Units but only the extent not cancelled in accordance with Section 3.8(b) and Section 3.8(c), respectively.
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Unvested Class B Units has the meaning set forth in Section 16.2(e).
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Related to Unvested Class B Units

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

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

  • 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.

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

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

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

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

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

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

  • 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 B Interests As set forth in the Trust Agreement.

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

  • 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 C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • 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 D Units has the meaning ascribed to such term in the LLC Agreement.

  • Class C Member means a Member holding the Class C Ordinary Share.

  • 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.

  • Class B Investor Interest means, on any date of determination, an amount equal to (a) the Class B Initial Investor Interest, minus (b) the aggregate amount of principal payments made to Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(b), minus (d) the amount of the Reallocated Class B Principal Collections allocated pursuant to subsection 4.12(a) on all prior Transfer Dates for which the Collateral Interest Amount has not been reduced, minus (e) an amount equal to the amount by which the Class B Investor Interest has been reduced on all prior Transfer Dates pursuant to subsection 4.10(a) and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(d) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Investor Interest may not be reduced below zero.

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

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class B Stock means Class B Stock, par value $1.00 per share, of the Company.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

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

  • Class B Preferred Shares means class B preferred shares of Pembina;