Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
Vested Units means the Employee Units that have vested as of such date pursuant to this Section 5 and the term “Unvested Units” means the Employee Units that are not Vested Units as of such date.
Vested Units means any Executive Units which have become vested on a monthly basis in accordance with the following schedule, if as of each such date Executive is employed by the Company or any of its subsidiaries: Cumulative Percentage of Date Executive Units Vested December ___, 2003 20% December ___, 2004 40% December ___, 2005 60% December ___, 2006 80% December ___, 2007 100% provided, that upon the occurrence of a Sale of the Company, so long as Executive is employed by the Company or one of its subsidiaries as of the date on which such Sale of the Company is consummated, all Executive Units which have not yet become vested shall immediately become vested.
Examples of Vested Units in a sentence
Notwithstanding the foregoing, if the Participant is subject to Canadian income tax, then the Participant’s Vested Units may only be settled in Common Shares, and neither the Committee nor any other person shall have the discretion to elect to pay any portion of the Vested Units in cash.
More Definitions of Vested Units
Vested Units means any Purchased Units and any Vested Incentive ------------ Units.
Vested Units has the meaning assigned to such term in the LLC Agreement.
Vested Units means those Units listed as vested Units in the books and records of the Company, as the same may be amended from time to time in accordance with this Agreement.
Vested Units means, with respect to an Executive’s Class B Units and Class C Units, the number of such Units that are vested and nonforfeitable, as determined in accordance with Schedule I attached hereto.
Vested Units means, as of the applicable date of determination, the Incentive Units that have vested in accordance with the provisions of this Agreement, the Plan and the Partnership Agreement.
Vested Units means, subject to Section 2.06, 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 product of (i) the total number of such Equity Units times (ii) the Applicable Percentage.
Vested Units means the number of such Units that are vested and non-forfeitable, as determined in accordance with Exhibit A hereto, and provide certain rights under the terms of this Agreement, the LLC Agreement and the Securityholders Agreement.