Vesting Executive Securities definition

Vesting Executive Securities means the 400 units of Class A Common subject to vesting and any securities issued in connection therewith, as adjusted for any unit split, unit dividend, or other combination, exchange, recapitalization, merger, consolidation or reorganization. Vesting Executive Securities will cease to be Vesting Executive Securities when transferred pursuant to a Qualified Public Offering or Sale of the Company. Vesting Executive Securities will continue to be Vesting Executive Securities in the hands of any holder other than the Executive, including all transferees of the Executive (except for the Company and the Investor (or its designees)), and except as otherwise provided herein, each such other holder of Vesting Executive Securities will succeed to all rights and obligations attributable to the Executive as a holder of Executive Securities hereunder.
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Vesting Executive Securities means all of the Performance Vesting Equity Securities and Time Vesting Equity Securities.
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Examples of Vesting Executive Securities in a sentence

  • In the event the Executive ceases to be employed by the Company and its Subsidiaries for any reason (the "Termination"), the Vesting Executive Securities (whether held by the Executive or one or more of the Executive's transferees) will be subject to repurchase by the Company and the Investor (or its designees) pursuant to the terms and conditions set forth in this Section 8 (the "Repurchase Option").

  • The Repurchasing Companies may elect (i) to purchase all or any portion of the Unvested Securities without or before purchasing any Vested Securities and (ii) to purchase all or any portion of the Vesting Executive Securities without or before purchasing any Nonvesting Executive Securities.

  • If the Executive is, and has been, continuously employed by the Company or any of its Subsidiaries from the date of this Agreement until a Sale of the Company, the portion of the Executive's outstanding Time Vesting Executive Securities that has not become vested at the date of such event shall immediately vest simultaneously with consummation of the Sale of the Company.

  • If the Executive ceases to be employed by the Company and its Subsidiaries on any date other than on a fiscal year end given above, the percentage of the Executive's Performance Vesting Executive Securities that is vested shall equal the percentage of such Performance Vesting Executive Securities that was vested as of the immediately preceding fiscal year end.

  • Vesting Executive Securities that have become vested are referred to herein as "Vested Class B Units," and all other Vesting Executive Securities are referred to herein as "Unvested Class B Units." The number of Vested Class B Units shall not increase once the Executive ceases to be employed by the Company and/or any of its Subsidiaries.

  • In the event the Executive ceases to be employed by the Company Group for any reason (the "Termination"), the Vesting Executive Securities (whether held by the Executive or one or more of the Executive's transferees) will be subject to repurchase by Holdings and the Investor (or its designees) pursuant to the terms and conditions set forth in this Section 8 (the "Repurchase Option").

  • None of the Vesting Executive Securities are vested as of the date hereof.

  • The Performance Vesting Executive Securities acquired hereunder by the Executive shall become fully vested on December 31, 2007, if and only if the Executive is, and has been, continuously employed by the Company or any of its Subsidiaries from the date of this Agreement through December 31, 2007.

Related to Vesting Executive Securities

  • Executive Securities means the Class A Common acquired by the Executive and will include units of the Company's Common Interests issued with respect to Executive Securities by way of a split, dividend, combination, exchange, conversion, or other recapitalization, merger, consolidation or reorganization. Executive Securities will cease to be Executive Securities when transferred pursuant to a Qualified Public Offering or Sale of the Company. Executive Securities will continue to be Executive Securities in the hands of any holder other than the Executive, including all transferees of the Executive (except for the Company and the Investor (or its designee)), and except as otherwise provided herein, each such other holder of Executive Securities will succeed to all rights and obligations attributable to the Executive as a holder of Executive Securities hereunder.

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

  • Executive session means any meeting or part of a meeting of a governing body which is closed to certain persons for deliberation on certain matters.

  • Executive Secretary means the executive secretary of the board.

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

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

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

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Definitive Securities means Bearer Securities in definitive form and includes any replacement ETP Security issued pursuant to these Conditions.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Derivative Securities means any securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants.

  • Company Restricted Stock Award means an award granted under a Company Equity Plan that grants the holder a share of Company Common Stock subject to the terms and conditions of the applicable award agreement and the applicable Company Equity Plan.

  • Membership Units means the units into which the ownership interests of the Members in the Company are divided, including such Member’s Economic Interest and the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement or under the Act, together with the obligation of such Member to comply with all of the provisions of this Agreement and of the Act.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

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

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Vesting Event means the earliest to occur of the following events:

  • Restricted Definitive Security means a Definitive Security bearing the Private Placement Legend.

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

  • Individual Securities shall have the meaning specified in Section 3.01(p).