Vested Common Units definition

Vested Common Units has the meaning set forth in Section 1.1 hereto.
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Vested Common Units means the Common Units that are vested pursuant to the terms of any Award Agreement relating thereto.
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Vested Common Units means all Common Units other than Unvested Common Units.
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Examples of Vested Common Units in a sentence

  • The closing of the purchase of the Vested Common Units pursuant to the Separation Put Election shall take place on a date to be designated by the Company in the Company Separation Purchase Price Notice, which date shall not be more than 30 days nor less than five days after the Separation Put Exercise Notice is received by the Company.

  • Notwithstanding anything to the contrary, the number of Vested Common Units shall not increase once the Employee ceases to be employed by the Company and/or any of its Subsidiaries.

  • The Partnership will also maintain a current list of the number of each Management Limited Partner’s Unvested Common Units and Vested Common Units.

  • Upon the termination of the Employee’s employment, (x) Vested Common Units are subject to repurchase in accordance with the terms of Section 11 of the Unitholders Agreement (it being understood and agreed that the calculation of “fair market value” thereunder shall be determined in the sole discretion of the Board of Advisors) and (y) Unvested Common Units shall be immediately and automatically forfeited without any action on the part of any Person.

  • The Company will pay for the Vested Common Units to be purchased by it pursuant to the Separation Put Election by first offsetting amounts outstanding under any bona fide debts owed by Executive to the Company and will pay the remainder of the purchase price by a check or wire transfer of immediately available funds.

  • Assuming the Company has the requisite power and authority to be the lawful owner of the Vested Common Units, upon the Transfer good, valid and marketable title to the Vested Common Units will pass to the Company, free and clear of any Liens.

  • Notwithstanding anything contained in Section 4.1(b) to the contrary, Distributions under Section 4.1(b) that would otherwise be made to any Member holding Unvested Common Units will be reserved by the Company in respect of such Unvested Common Unit and distributed to such Member holding such Unvested Common Units at such times as the Managing Member determines following the date such Unvested Common Units become Vested Common Units.

  • Any certificate evidencing Securities held by an Executive or Permitted Transferee thereof (other the Company or the Investors) shall be retained by the Company and shall not be delivered to such Executive or Permitted Transferee until the consummation of a Qualified Public Offering, and then only certificate(s) evidencing Vested Common Units shall be so delivered to such Executive or such Permitted Transferee.

  • Xxxxxx Title: Vice President, General Counsel, and Secretary SCHEDULE 1 SCHEDULE OF PRE-IPO MEMBERS Member Class A Units Class C Units Class D Units The Bxxxxxxx Family Trust II A U/A/D December 29, 2015 100,000 2,000 600 GSB Holdings LLC 11,111 — —- SCHEDULE 2* SCHEDULE OF MEMBERS January 16, 2024 Member Common Units (Vested) Common Units (Unvested) Contact Information for Notice 1.

  • The Exchanging Member owns beneficially and of record and has full power and authority to convey, free and clear of any Liens, the Vested Common Units to be redeemed by the Company pursuant to Section 2.1 subject to any transfer restrictions of general applicability as may be provided under the Securities Act and the “blue sky” laws of the various states of the United States.


More Definitions of Vested Common Units

Vested Common Units has the meaning set forth in Section 3(a) hereof.
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Vested Common Units has the meaning set forth in SECTION 1.3 hereto.
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Vested Common Units means collectively the Vested Class M Units, the Vested Class B Units and the Vested Class C Units.
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Vested Common Units means Common Units that have vested in accordance with the terms of the Restricted Common Unit Agreement applicable thereto.
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Vested Common Units is defined in the LLC Agreement. -------------------
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Related to Vested Common Units

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • 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.

  • Class B Units means the Class B Units of the Company.

  • Unvested Units means any Executive Units which are not Vested Units.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Class A Common Units means the Company's Class A Common Units.

  • Initial Common Units means the Common Units sold in the Initial Offering.

  • Restricted Common Stock means shares of Common Stock which are, or which upon their issuance upon the exercise of any Warrant would be required to be, evidenced by a certificate bearing the restrictive legend set forth in Section 3.2.

  • Common Units is defined in the Partnership Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Class D Common Stock means the Class D Common Stock, par value $0.01 per share, of the Company.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Fully-Diluted Common Stock means the outstanding Common Stock and the shares of Common Stock issued or issuable upon exercise of Warrants (assuming full exercise).

  • Old Common Stock means the Company's common stock, par value $.01 per share, outstanding as of the date of the Company's filing of the petition commencing the Chapter 11 Case.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.

  • Class B Common Unit means one of that certain class of Common Units with those special rights and obligations specified in this Agreement as being appurtenant to a “Class B Common Unit”.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • Class A Common Unit means a Common Unit having the rights and obligations specified with respect to Class A Common Units in this Agreement.