Unvested Units definition
Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
Unvested Units means any Executive Units which are not Vested Units.
Unvested Units has the meaning assigned to such term in the LLC Agreement.
Examples of Unvested Units in a sentence
Any amounts held by the Corporate Taxpayer pursuant to this Section 3.5 with respect to Unvested Units that are forfeited to OpCo or otherwise reacquired by OpCo shall no longer be withheld and shall be considered general assets of the Corporate Taxpayer as of the date of such forfeiture or acquisition.
Notwithstanding anything to the contrary herein, any and all Tax Benefit Payments or any and all other payments that would otherwise be made pursuant to this Agreement with respect to any Units attributable to any Unvested Units shall be held by the Corporate Taxpayer for the benefit of the applicable TRA Party (without any interest thereon) until such time as such Unvested Unit becomes a Vested Unit.
More Definitions of Unvested Units
Unvested Units means, as of the date of any determination, with respect to the Equity Units held by a Management Member, the number of such Equity Units equal to the product of (i) the total number of such Equity Units times (ii) the percentage equal to 100% less the Applicable Percentage.
Unvested Units means those Units from time to time listed as unvested Units in the books and records of the Company.
Unvested Units means those Units that have not vested in accordance with their terms.
Unvested Units are defined in Section 3.
Unvested Units means the Units (as defined in the Restricted Unit Agreement) issued under this Agreement for as long as such Units are subject to the Restrictions (as hereinafter defined) imposed by this Agreement.
Unvested Units has the meaning set forth in Section 3.4(c).
Unvested Units shall have the meaning set forth in Section 2.5(b).