Unvested Restricted Units definition

Unvested Restricted Units means Restricted Units granted pursuant to Section 2 of this Agreement as to which the Restriction Period has not expired under Section 3 of this Agreement.
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Unvested Restricted Units restricted stock of Affiliate Corp. which shall be subject to the same vesting requirements and forfeiture provisions as the unvested Restricted Units had been subject to. WITH RESPECT TO ANY SECURITIES ISSUED PURSUANT TO THE PRECEDING SENTENCE, EACH MANAGEMENT MEMBER SHALL MAKE AN ELECTION UNDER SECTIONS 83(b) OF THE CODE WITH RESPECT TO SUCH SECURITIES WITHIN THIRTY (30) DAYS OF RECEIPT THEREOF.
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Unvested Restricted Units means all Restricted Units that, immediately prior to the Effective Time (after giving effect to any acceleration resulting from or in connection with the Merger), are not Vested Restricted Units.
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Examples of Unvested Restricted Units in a sentence

  • No later than 2½ months after the end of the calendar year in which the restrictions lapse with respect to a tranche of Restricted Units, the Company shall issue to the Participant or his Beneficiary (if the Participant dies before payment or this Agreement provides for immediate vesting of Unvested Restricted Units upon the Participant’s death) one Share for each Restricted Unit in such tranche.

  • In the event that Recipient ceases to be employed by BRCC for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

  • Dividend Equivalents on Restricted Units which do not become Earned Unvested Restricted Units are forfeited.

  • Dividend Equivalents on Restricted Stock Units which do not become Earned Unvested Restricted Units are forfeited.

  • In the event that Recipient ceases to be a member of the Board of the Company for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

  • Trustee shall have the right to resign as trustee hereunder at any time upon not less than ten (10) days' prior written notice to Grantor and Beneficiary, in which event Lender shall exercise the right to appoint a successor trustee pursuant to this Section before such resignation becomes effective.

  • Unvested Restricted Units will become Vested Restricted Units (as defined below) in accordance with the provisions of Section 4.

  • In the event that Recipient ceases to be employed by the Company for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

  • The forfeiture of Unvested Restricted Units subject to the terms and conditions of this Section 5(b) shall occur immediately and without further action of the Company, the Participant, or any other person upon the termination giving rise to such forfeitures.

  • Unvested Restricted Units will not participate in any distributions on Parent's common membership units and will not be entitled to vote on matters requiring the vote of Parent's common membership units.