Rights as Member. Employee shall be the record owner of the Restricted Units until or unless such Restricted Units are forfeited pursuant to Paragraph 4 hereof, and as record owner shall be entitled to the rights and subject to all of the obligations of a member of the Company subject to the terms and conditions of the LLC Agreement. Without limiting the generality of the foregoing, prior to vesting (i) Employee shall not be entitled to any voting rights with respect to the Restricted Units, and (ii) the Restricted Units shall be subject to the limitations on transfer set forth in Paragraph 9 hereof.
Appears in 4 contracts
Samples: Restricted Unit Award Agreement (Armstrong Energy, Inc.), Restricted Unit Award Agreement (Armstrong Energy, Inc.), Restricted Unit Award Agreement (Armstrong Energy, Inc.)
