Vested Profits Units definition

Vested Profits Units means any Profits Units that have vested pursuant to this Agreement or the Restricted Unit Agreement under which such Units have been granted.
View Source
Vested Profits Units has the meaning set forth in the OpCo Agreement.
View Source
Vested Profits Units means Award Profits Units that have satisfied the time-based or accelerated vesting requirements of an Award Agreement and in addition in the case of Performance Profits Units, the performance goals (as described in the Plan) over a period of up to ten (10) years as set forth in the related Award Agreement.
View Source

Examples of Vested Profits Units in a sentence

  • Any Third Party Offer for Preferred Units or Vested Profits Units not satisfying the terms of this Section 7.4 (e.g., a Third Party Offer in which not all of the proposed consideration is cash or a Third Party Offer to purchase property other than Preferred Units or Vested Profits Units or a Third Party Offer that is not bona fide) may not be made unless otherwise expressly permitted pursuant to the other provisions of this Article 7.

  • Notwithstanding any provision of the Plan to the contrary (including Section 9.5.1 thereof), the Participant, as a holder of Regular Profits Units and Performance Profits Units (as Award Profits Units or Vested Profits Units) shall be entitled to receive the distributions to the extent provided for in the Certificate of Designation of Series 20[ ] Profits Units (which is the applicable “Profits Units Designation” as defined under the Partnership Agreement).

  • A Third Party Offer may not contain provisions related to any property of the Offeror Holder other Preferred Units or Vested Profits Units held by the Offeror Holder, and the Offer Price shall be expressed only in terms of cash (in U.S. dollars).

  • A Third Party Offer may not contain provisions related to any property of the Offeror Holder other than Preferred Units or Vested Profits Units held by the Offeror Holder, and the Offer Price shall be expressed only in terms of cash (in U.S. dollars).

  • As of each Valuation Date, the Participant’s Account(s) will be credited with deemed net income, gain and loss, including the deemed net unrealized gain and loss based on hypothetical investment directions made by the Participant.

  • The Offer Price per Offered Unit may differ in order to reflect differences in the LP Allocation, BOE Allocation, Preferred Unit Preference Amounts, BOE Preferred Unit Preference Amount and Designated Values with respect to the Preferred Units that are Offered Units and differences in rights to distributions pursuant to Section 6.1(c), Designated Values, Withheld Amounts and Retained Amounts, if any, with respect to the Vested Profits Units that are Offered Units.

  • The Participant, as a holder of Regular TRG Units and Performance TRG Units (as Award Profits Units or Vested Profits Units) shall be entitled to receive the distributions to the extent provided for in the Certificate of Designation of Series [ ] Profits Units (which is the applicable “Profits Units Designation” as defined under the Partnership Agreement).


More Definitions of Vested Profits Units

Vested Profits Units means Profits Units that have become vested pursuant to this Agreement due to the passage of time as provided for herein or as a result of their vesting being accelerated pursuant to the terms herein.
View Source