Vested Class B Units definition

Vested Class B Units means those Award Class B Units that have fully vested in accordance with the time-based vesting conditions of Section 3(d) or have vested on an accelerated basis under Section 4.

Vested Class B Units means Class B Units that are not Unvested Class B Units.

Vested Class B Units means any Class B Units which have time vested -------------------- in accordance with the terms of the Executive Agreement pursuant to which such Units were acquired.

Examples of Vested Class B Units in a sentence

• From: ncmftlb@nc.rr.com <ncmftlb@nc.rr.com>Sent: Monday, April 8, 2019 1:34 PMTo: Reeder, Amanda J <amanda.reeder@oah.nc.gov>Subject: RE: [External] RE: RRC Request for Technical Changes CAUTION: External email.

• Six and one quarter percent (6.25%) of the Time Vesting Units shall become Vested Class B Units upon the expiration of each full three month period which shall elapse during the period commencing on (and including) the Closing Date and through (and including) the date on which a Termination of Employment shall occur or the date on which the percentage of the Management Securityholder’s Time Vesting Units which are Vested Class B Units equals 100%, whichever first occurs.

• If the aggregate number of Earned Class B Units under this Agreement is less than the number of Award Class B Units under this Agreement after any such determination, then the Committee will repeat the process in this Section 3(c) on each subsequent Valuation Date until all Vested Class B Units have either become Earned Class B Units or have been forfeited pursuant to Section 4 of this Agreement.

• In the event that prior to a Termination of Employment of the Management Securityholder, a Change of Control or liquidation of the Partnership shall occur, then effective as of the date of such event, the total Time Vesting Units which shall constitute Vested Class B Units shall be increased by 50% of the Time Vesting Units that are then not Vested Class B Units.

• Upon the termination of the Executive’s employment with the Company and its subsidiaries for any reason whatsoever, (a) all Unvested Class B Units held by the Executive as of the Termination Date shall expire and be immediately forfeited and canceled in their entirety as of the Termination Date and (b) all Vested Class B Units held by the Executive, subject to Sections 5.3 and 5.4 below, shall remain outstanding.

More Definitions of Vested Class B Units

Vested Class B Units has the meaning assigned to such term in Section 3.3.

Vested Class B Units shall have the meaning ascribed to such term in the Plan.

Vested Class B Units has the meaning set forth in Section 16.2(e).

Vested Class B Units is defined in the LLC Agreement. Exhibit A-2 EXHIBIT B SECTION 83(B) ELECTION FORM Election to Include in Taxable Income in Year of Transfer Pursuant to Section 83(b) of the Internal Revenue Code The undersigned is receiving an award of restricted membership units of a Delaware limited liability company that is being treated as a partnership for federal income tax purposes. All parties to the transaction believe the award of restricted membership units to be a “profits interest” within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43. Notwithstanding the foregoing, in the event that (i) the award of restricted membership units constitutes a “capital interest” rather than a “profits interest” or (ii) the undersigned disposes of such restricted membership units within two years following receipt thereof, the undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and supplies the following information in accordance with the regulations promulgated thereunder:

Vested Class B Units means any Class B Units that are vested pursuant to the terms hereof and any Management Grant Agreement.

Vested Class B Units has the meaning given such term in the Class B Unit Grant Agreement.

Vested Class B Units is defined in the LLC Agreement. The undersigned is receiving an award of restricted membership units of a Delaware limited liability company that is being treated as a partnership for federal income tax purposes. All parties to the transaction believe the award of restricted membership units to be a “profits interest” within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43. Notwithstanding the foregoing, in the event that (i) the award of restricted membership units constitutes a “capital interest” rather than a “profits interest” or (ii) the undersigned disposes of such restricted membership units within two years following receipt thereof, the undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and supplies the following information in accordance with the regulations promulgated thereunder: