Unvested Common Units definition

Unvested Common Units has the meaning set forth in Section 1.1 hereto.
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Unvested Common Units means Common Units that are not Vested Common Units.
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Unvested Common Units has the meaning set forth in Section 3.3.
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Examples of Unvested Common Units in a sentence

  • Except as otherwise provided for in the LLC Agreement, Management Stockholder shall have no voting rights with respect to the Unvested Common Units.

  • Common Units and Unvested Profits Units shall be subject to the terms of this Agreement and the applicable Vesting Letters, and the Managing Member shall have sole and absolute discretion to interpret and administer the Vesting Letters and to adopt such amendments thereto or otherwise determine the terms and conditions of such Unvested Common Units and Unvested Profits Units in accordance with this Agreement and the applicable Vesting Letters.

  • In connection with such reclassification, Common Units reclassified from Class A-2 Profits Interests or Class B Interests that were subject to time-based vesting restrictions immediately prior to the Reorganization have been hereby reclassified as Unvested Common Units on terms set forth in the Employee Equity Letters and the MIP.

  • Each “Common Unit” shall represent an Interest in the Partnership, shall be designated as a Common Unit of the Partnership and shall be entitled to the Distributions provided for in Article 5 except as provided in Section 3.3 with respect to the Unvested Common Units.

  • To the extent a Member holds Common Units that are not vested as of the date of a distribution under Section 6(b)(ii) (“Unvested Common Units”), any amounts payable in respect of such Unvested Common Units pursuant to Section 6(b)(ii) (the “Escrowed Amounts”), shall not be distributed to the Member and instead shall be placed into escrow and held by the Company for such Member, and shall only be released and paid to such Member upon the vesting of such Common Units (“Vested Common Units”).

  • Subject to adjustment as provided in this Section 3.9, each Member shall be entitled to exchange with the Company (or, if Habit so elects, with Habit), from and after the expiration of the lock-ups imposed by the Underwriters (the “First Exchange Date”) and each subsequent Weekly Exchange Date, any (but no less than 1,000 Common Units) or all of such Member’s Common Units (other than any Unvested Common Units) free and clear of all liens, encumbrances, rights of first refusal, and the like.

  • The Partnership will also maintain a current list of the number of each Management Limited Partner’s Unvested Common Units and Vested Common Units.

  • Any Unvested Common Units shall vest immediately prior to and conditioned upon the consummation of a Change in Control (it being understood that in the event of a Change in Control enumerated in (a), (b) or (c) of the definition of Change in Control set forth in Section 1.1 of this Agreement, upon the consummation of the transaction approved thereby).

  • In connection with such reclassification, Common Units reclassified from Class A-2 Profits Interests or Class B Interests that were subject to vesting restrictions immediately prior to the Reorganization have been hereby reclassified as Unvested Common Units on terms set forth in the Employee Equity Letters and the MIP.

  • Each Unvested Common Unit held by an employee of, or one who provides services to or on behalf of, Norcraft or an Affiliate thereof, upon the termination of employment or the performance of services of such holder of Unvested Common Units for any reason shall be automatically cancelled.


More Definitions of Unvested Common Units

Unvested Common Units means, as of any given time, any Common Units that are subject to vesting pursuant to any Executive Investment Agreement and which have not yet vested in accordance with the terms of such Executive Investment Agreement.
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Unvested Common Units means Common Units issued under any Award Agreement (or any other agreement subjecting such Units to vesting) that have not yet vested pursuant to the applicable Award Agreement (or any such other agreement).
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Unvested Common Units has the meaning set forth in SECTION 1.3 hereto.
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Unvested Common Units has the meaning given to such term in the Norcraft LLC Agreement.
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Unvested Common Units means Common Units that are not Vested Common Units. “Vested Class C Common Incentive Units” means the Class C Common Incentive
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Unvested Common Units means, as of any given time, any Class A Common Units that are subject to vesting or a similar forfeiture provision pursuant to any Management Unit Purchase Agreement and which have not yet vested or are still subject to a similar forfeiture provision in accordance with the terms of such Management Unit Purchase Agreement.
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Related to Unvested Common Units

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

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

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

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

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

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

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

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Class A Common Units means the Company's Class A Common Units.

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • 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 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 Common Shares means shares of Class B Common Stock.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • 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.

  • Membership Units means membership interests in the Company.

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

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • 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 A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.