Unvested Management Incentive Units definition

Unvested Management Incentive Units means, as of any time of determination, Management Incentive Units that are not Vested Management Incentive Units.
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Unvested Management Incentive Units means any Management Incentive Units that are not Vested Management Incentive Units.
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Examples of Unvested Management Incentive Units in a sentence

  • Unvested Class A Units and Unvested Management Incentive Units that fail to vest and are forfeited by the applicable Member shall be cancelled by the Company (and shares of Class B Common Stock held by the applicable Member shall be cancelled, in each case for no consideration) and shall not be entitled to any distributions pursuant to Section 5.03.

  • Notwithstanding Section 5.4(b), any distributions that would otherwise be made under Section 5.4(b) to any holder of Unvested Management Incentive Units shall not be made to such holder with respect to such Unvested Management Incentive Units unless and until such Unvested Management Incentive Units become Vested Management Incentive Units.

  • Any distributions pursuant to Section 5.4(b) that would otherwise be made with respect to Unvested Management Incentive Units shall be held by the Company until such Unvested Management Incentive Units vest, at which time any such retained distributions shall promptly be distributed, without interest, to the holder of such then-Vested Management Incentive Units.

  • Class A Units and Unvested Management Incentive Units shall be subject to the terms of this Agreement and any applicable Award Agreement(s).

  • Unvested Class A Units and Unvested Management Incentive Units shall be subject to the terms of this Agreement and any applicable Award Agreement(s).

  • Unvested Class A Units and Unvested Management Incentive Units that fail to vest and are forfeited by the applicable Member shall be cancelled by the Company (and shares of Class B Common Stock held by the applicable Member shall be cancelled, in each case for no consideration) and shall not be entitled to any distributions pursuant to S ection 5.03.

Related to Unvested Management Incentive Units

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • 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.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.