Unvested Interest definition

Unvested Interest means any Management Interests that have not vested as of the date of determination pursuant to the terms of the Management Equity Award Agreement between the Management Limited Partner and the Partnership.
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Unvested Interest means, on any relevant date, the difference between 100% of the Stock and the Vested Interest.
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Unvested Interest described in the Class B Member Interest Purchase Agreement shall immediately vest.
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Examples of Unvested Interest in a sentence

  • In the event that the spouse of Founder is granted by the Founder or awarded by a court of competent jurisdiction in a marital dissolution action all or any portion of the Unvested Interest, then the Zhone Board may, at its election made within thirty (30) days after receiving notice of such grant or award, direct the Company to acquire the portion of the Unvested Interest granted or awarded to the spouse of the Founder.

  • The repurchase price for the Unvested Interest being repurchased by the Company pursuant to the Repurchase Option shall be a dollar amount equal to: (i) the difference between one-hundred percent (100%) and the Vested Percent, multiplied by (ii) the dollar value of Purchase Price.

  • Such acquisition shall be made pursuant to Section 4 as though the Employee's Service with the Company, had terminated as of the date of the grant or award with respect to the portion of the Unvested Interest granted or awarded to the Spouse.

  • The General Partner in its sole discretion may assign all or any part of its right to purchase any Unvested Interest to any of its Affiliates or any Eligible Investor (including, without limitation, any Limited Partner) or, if the General Partner determines a purchase of such interest by the Partnership to be in the best interests of the Partnership, to the Partnership.

  • The repurchase ------------------------------------------ price for the Unvested Interest being repurchased by the Company pursuant to the Class B Member Interest Repurchase Option shall be a dollar amount equal to: (i) the difference between one-hundred percent (100%) and the Vested Percent, multiplied by (ii) the dollar value of Purchase Price.

  • In the event that the spouse of Employee is --------------------- granted by the Employee or awarded by a court of competent jurisdiction in a marital dissolution action all or any portion of the Unvested Interest, then the Zhone Board may, at its election made within thirty (30) days after receiving notice of such grant or award, direct the Manager to cause the Company to acquire the portion of the Unvested Interest granted or awarded to the spouse of the Employee.

  • If the balance standing in the Defaulting Member’s Capital Account is equal to or less than zero, then the Purchase Price for the Defaulting Member’s Unvested Interest shall equal zero.

  • In the -------------------------------------------------- event of the termination of the Employee's Service with Zhone due to death, Disability or Voluntary Termination, the Manager shall cause the Company to repurchase from Purchaser any or all of the Class B Member's Unvested Interest subject to the terms and conditions set forth in this Section 4 (the "Class B Member Interest Repurchase Option").

  • In the event of the termination of the Employee's Service with Zhone due to death, Disability or Voluntary Termination, the Manager shall cause the Company to repurchase from Purchaser any or all of the Class B Member's Unvested Interest subject to the terms and conditions set forth in this Section 4 (the "Class B Member Interest Repurchase Option").

  • Such acquisition shall be made pursuant to Section 4 as though the Founder's Service with the Company had terminated as of the date of the grant or award with respect to the portion of the Unvested Interest granted or awarded to the spouse.


More Definitions of Unvested Interest

Unvested Interest as defined in that agreement and on the terms set forth in that agreement. The Class A Member may direct the Manager to exercise the Company's rights pursuant to the Class B Member Purchase Agreement. Unless reissued by the Zhone Board Super Majority and Class B Majority pursuant to Section 3.2(b), the portion of the Adjusted Percentage Interest and Series B Common Units of such Class B Member attributable to such Unvested Interest immediately prior to the exercise of the Repurchase Option shall:
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Unvested Interest as defined in that agreement and on the terms set forth in that agreement. The portion of the Adjusted Percentage Interest and Series B Common Units of such Class B Member attributable to such Unvested Interest immediately prior to the exercise of the Repurchase Option shall, subject to Section 3.2(b):
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Unvested Interest means, on any relevant date, the difference between 100% of the Class B Member Interest and the Vested Interest.
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Unvested Interest. The unvested portion of each Limited Partner's interest in the Partnership, determined in accordance with Section 9.4(a) Vesting Schedule The schedule according to which a Limited Partner's interest in the Partnership generally will vest, as set forth in Section 9.4(a) XL Capital XL Capital Ltd, a Cayman Islands company XL Group XL Capital and its subsidiaries and Affiliates
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Unvested Interest. The unvested portion of each Limited Partner's interest in the Partnership, determined in accordance with Section 10.4.
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Unvested Interest. The unvested portion of such Limited Partner's interest in the Partnership, determined in accordance with Section 10.4 Vesting Schedule The schedule according to which a Limited Partner's interest in the Partnership generally will vest, as set forth in Section 10.4
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Related to Unvested Interest

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

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

  • Credited Interest means interest on Member contributions to the Plan compounded annually from the end of the Plan Year in which contributions were made to the first day of the calendar month in which a determination thereof is to be made. Provided however, that such compounding shall commence from May 1st, 1972 for determinations being made in respect to contributions made prior to that date. The rate of interest used in compounding Credited Interest in any Plan Year shall be the average of the rate in effect on the first day of each month during the previous Plan Year for non-checking savings accounts administered by the Bank with which the Company transacts the majority of its banking business. Effective January 1, 1988, Credited Interest in respect to a Member's required contributions to the Plan shall be calculated on the basis of the yields of five-year personal fixed term chartered bank deposit rates, as determined from CANSIM B14045, published monthly in the Bank of Canada Review, averaged over a reasonably recent period, such averaging period not to exceed twelve (12) months. Interest shall be credited at the end of each Plan Year. The method of crediting interest for each Plan Year shall be as follows:

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Class C Additional Interest is defined in Section 4.1(c).

  • Allowed Interest means an Interest in any Debtor, which has been or hereafter is listed by such Debtor in its books and records as liquidated in an amount and not disputed or contingent; provided, however, that to the extent an Interest is a Disputed Interest, the determination of whether such Interest shall be allowed and/or the amount of any such Interest shall be determined, resolved, or adjudicated, as the case may be, in the manner in which such Interest would have been determined, resolved, or adjudicated if the Chapter 11 Cases had not been commenced; and provided further, however, that proofs of Interest need not and should not be filed in the Bankruptcy Court with respect to any Interests; and provided further, however, that the Reorganized Debtors, in their discretion, may bring an objection or motion with respect to a Disputed Interest before the Bankruptcy Court for resolution.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Interest Option means LIBOR or the Reference Rate.

  • Purchased Interest means, at any time, the undivided percentage ownership interest in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage interest shall be computed as:

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Transferred Interests has the meaning set forth in the Recitals.