Units Granted Sample Clauses
Units Granted. The maximum number of LTIP Units that could be earned will be granted and any LTIP Units that do not vest will be subsequently forfeited.
Units Granted. Subject to the terms of the Plan (the terms of which are incorporated by reference herein), the Company hereby grants to the Grantee ________ Stock Units, on the terms and subject to the conditions hereinafter set forth.
Units Granted. The parties hereby agree that, by his execution and delivery hereof, the Management Investor is forfeiting a number of Series C Common Units granted pursuant to the Original Agreement equal to 2,900,854 units (the “Forfeited Units”), all of which were unvested as of the Effective Date. The Forfeited Units are forfeited by the Management Investor without any consideration other than the provisions of this Agreement and the agreements reached in connection with that certain Second Amendment to Employment Agreement, dated as of the date hereof, by and between Boise Cascade Holdings, L.L.C. and the Executive and Executive acknowledges and agrees that, from and after the Effective Date, Executive has no further right, title and interest in or to the Forfeited Units (including any increased appreciation in value thereof). As a result, from and after the Effective Date, the total number of Series C Common Units held by the Management Investor pursuant to the Original Agreement is 6,072,126; provided that, for greater certainty, the foregoing total is exclusive of an additional 400,000 Series C Common Units granted to the Management Investor pursuant to a Director Equity Agreement among the parties dated April 3, 2006, as amended (the “Director Equity Agreement”), it being the intention of the parties that this Agreement shall have no effect on the terms of the Director Equity Agreement and the grant of Series C Common Units made thereunder. Executive represents and warrants, that immediately prior to the forfeiture of the Forfeited Units accomplished hereby, Executive owned all right, title and interest in and to the Forfeited Units, free and clear of all liens and encumbrances, other than those liens and encumbrances created by the Operating Agreement and the Original Agreement.