MIU Shares definition
MIU Shares means the shares of Stock (including Restricted Stock) distributed to Participants in respect of Management Incentive Units issued by Ute Energy LLC, as calculated pursuant to the Stakeholders’ Agreement.
MIU Shares is defined in Section 3.7 of this Agreement.
Examples of MIU Shares in a sentence
For such time as the Restricted MIU Shares are held in escrow with respect to any MIU Member, the Parent will vote such Restricted MIU Shares as directed by such MIU Member.
If any Restricted MIU Shares are forfeited or otherwise do not vest pursuant to the terms of the vesting applicable to such Restricted MIU Shares, then the Parent shall distribute such Restricted MIU Shares (and any distributions made in respect of such Restricted MIU Shares) to the Existing Members based on their relative ownership of Common Units as of the date hereof.