Founder Units definition

Founder Units means all Units owned by a Founder immediately prior to the IPO. For the avoidance of doubt, Founder Units shall not include any IPO Shares purchased by Founders in connection with or subsequent to the IPO.

Founder Units means the Units purchased by the undersigned as set forth in that certain Initial Unit Subscription Agreement, dated as of October 2, 2007, by and between the Company and the undersigned.

Founder Units means (a) any Class B Units and any Class A Units issued upon conversion of a Class B Unit pursuant to Section 4.2(c) or Section 4.7(i) and (b) any Class A Units held by the PubCo Holdings Group as a result of a Designated Holder Redemption of any such Units described in clause (a).

Examples of Founder Units in a sentence

• These steps include allowing you to update your information in the Admin section of the site.

• This amount consists of (i) 50,000 Founder Units representing the final unvested tranche of the 100,000 units acquired by Mr. Cuminale upon closing of the merger and spin-off transactions on October 1, 2015, which vest on October 9, 2019, (ii) 5,610 restricted stock units that vest ratably on March 1, 2019 and 2020, (iii) 18,218 restricted stock units that vest ratably on March 1, 2019, 2020 and 2021, and (iv) 130 unvested dividend equivalent restricted stock units.

• All unvested Founder Units will remain outstanding and continue to be eligible to vest on their regularly scheduled vesting dates during the Restriction Period (as defined above) and will vest in full upon the expiration of the Restriction Period (or, if earlier, the date of the executive’s death).

• If the Founder Units are registered in a holder’s own name, the holder must deliver the certificate for its Founder Units to Continental, with written instructions to separate the Founder Units into their individual component parts.

• Subject to the discretion of the Founder, Units in the Fund will be open for subscription and redemption on a monthly basis on each Valuation Day.

More Definitions of Founder Units

Founder Units means the units being purchased privately by the Sponsor simultaneously with the consummation of the Company’s initial public offering (including to a certain extent in connection with the consummation of the underwriters’ over-allotment option related thereto).

Founder Units is defined in the recitals to this Agreement.

Founder Units means those certain limited partnership interests in NDEx Holdings defined as “Founder Units” in the NDEx Holdings Partnership Agreement.

Founder Units means the 23,000,000 units of the Company issued to the Investors pursuant to the Initial Unit Subscription Agreements, each dated as of October 2, 2007, between the Company and each of the Investors (or such lesser number of units that the Investors may hold if the Underwriter’s over-allotment option is not exercised in full by the Underwriter), giving effect to the split of the Founder Units.

Founder Units shall have the meaning given in the Recitals hereto and shall be deemed to include the Ordinary Shares issuable upon conversion thereof.

Founder Units has the meaning given such term in Section 3.1.

Founder Units means those units of Founder sold in connection with the IPO, where each unit consists of one Founder Class A Share and one-half of one Founder Public Warrant.