Unvested Unit definition

Unvested Unit means a Unit that was Transferred to Transferee pursuant to this Agreement which continues to be subject to forfeiture pursuant to Section 4 at the time in question.

Unvested Unit means any Class D Unit (including any Performance Vested Base Unit) that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions. For the avoidance of doubt, as of the completion of the Performance Period, no Class D Unit that then constitutes a Distribution Equivalent Unit shall be an Unvested Unit.

Unvested Unit means any Unit that is not a Vested Unit.

Examples of Unvested Unit in a sentence

• For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit.

• Furthermore, Employee may not agree to offer or sell, grant any call option with respect to, pledge, hypothecate, borrow against, xxxxx x xxxx, security interest or other encumbrance in or on, dispose of or enter into any swap or derivative transaction with respect to any Vested Unit or Unvested Unit or any interest therein without the prior written consent of the Board.

• For purposes of this Article V, each Unvested Unit may be treated as a Vested Unit.

• Furthermore, Executive may not agree to offer or sell, grant any call option with respect to, pledge, hypothecate, borrow against, xxxxx x xxxx, security interest or other encumbrance in or on, dispose of or enter into any swap or derivative transaction with respect to any Vested Unit or Unvested Unit or any interest therein without the prior written consent of the Board.

• The Unvested Unit Distributions shall be subject to forfeiture until such time as the associated Restricted Units vest and become nonforfeitable in accordance with Section 3 above.

More Definitions of Unvested Unit

Unvested Unit has the meaning set forth in Section 5.03.

Unvested Unit means any Class A Unit that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions.

Unvested Unit means any OPP Unit that has not become fully vested pursuant to Section 2.2 hereof and remains subject to the Restrictions.

Unvested Unit means, on any date of determination, any Profit Unit held by a Member that is not a Vested Unit.

Unvested Unit means any Units that are not Vested Units as of the date of determination pursuant to the terms of the applicable Incentive Unit Award Agreement.

Unvested Unit means any NCLC Unit that is not a Vested NCLC Unit.

Unvested Unit means, on any date of determination, any Common Unit held by a Member (directly, or indirectly through Management Holdco) that is not “vested” in accordance with such Member’s (or its direct or indirect Transferor’s) applicable Vesting Letter.