VESTED LLC POINTS definition
VESTED LLC POINTS means, at any time and with respect to any Member, the number of LLC Points held by such Member which have vested at such time, as determined pursuant to an agreement among the LLC, the Manager Member and such Member in connection with the issuance or transfer of such LLC Points, and "Vested Series A LLC Points", "Vested Series B LLC Points", "Vested Series B-1 LLC Points" and "Vested Series B-2 LLC Points" shall have the corresponding meanings. The number of Vested LLC Points held by each member and the vesting schedule with respect to LLC Points which are not vested, shall be indicated on SCHEDULE A hereto, which Schedule shall be updated by the Manager Member as additional LLC Points are issued and/or vest from time to time. For the avoidance of doubt, (i) all of the Initial LLC Points shall be deemed Vested LLC Points as of the Effective Time (including any such Initial LLC Points that are subsequently Transferred pursuant to the Equity Purchase Program),
VESTED LLC POINTS means, at any time and with respect to any Member, the number of LLC Points held by such Member which have vested at such time, as determined pursuant to an agreement among the LLC, the Manager Member and such Member in connection with the issuance of such LLC Points. The number of Vested LLC Points held by each member and the vesting schedule with respect toLLC Points which are not vested, shall be indicated on SCHEDULE A hereto, which Schedule shall be updated by the Manager Member as additional LLC Points are issued and/or vest from time to time. In addition to the foregoing, other capitalized terms used in this Agreement shall have the meaning ascribed thereto in the text of this Agreement.
VESTED LLC POINTS means, at any time and with respect to any Member, the number of LLC Points held by such Member which have vested at such time, as determined pursuant to an agreement among the LLC, the Manager Member and such Member in connection with the issuance of such LLC Points. The number of Vested LLC Points held by each member and the vesting schedule with respect to LLC Points which are not vested, shall be indicated on Schedule A hereto, which Schedule shall be updated by the Manager member as additional LLC Points are issued and/or vest from time to time. In addition to the foregoing, other capitalized terms used in this Agreement shall have the meaning ascribed thereto in the text of this Agreement.
More Definitions of VESTED LLC POINTS
VESTED LLC POINTS means, at any time and with respect to any Member, the number of LLC Points held by such Member which have vested at such time, as determined pursuant to an agreement among the LLC, the Manager Member and such Member in connection with the issuance or transfer of such LLC Points, and "Vested Series A LLC Points", "Vested Series B LLC Points", "Vested Series B-1 LLC Points", and "Vested Series B-2 LLC Points" shall have the corresponding meanings. The number of Vested LLC Points held by each member and the vesting schedule with respect to LLC Points which are not vested, shall be indicated on SCHEDULE A hereto, which Schedule shall be updated by the Manager Member as additional LLC Points are issued and/or vest from time to time. For the avoidance of doubt, (i) all of the Initial LLC Points shall be deemed Vested LLC Points as of the Effective Time (including any such Initial LLC Points that are subsequently Transferred pursuant to the Equity Purchase Program), (ii) any outstanding LLC Points held by the Manager Member or any of its Affiliates shall be deemed Vested LLC Points while held by any of such Persons, and (iii) any outstanding LLC Points which have not yet vested as of any time of determination shall nonetheless be deemed outstanding LLC Points (but not "Vested LLC Points") as of such time of determination for all purposes under this Agreement.