Tracking Units definition

Tracking Units means the VSH Tracking Units, the VSLR Tracking Units, the VW Tracking Units and the Other Property Tracking Units.
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Tracking Units means electronic monitoring devices used to monitor the location of individuals.
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Examples of Tracking Units in a sentence

  • For the avoidance of doubt, Parent shall have no obligation to redeem any Other Property Tracking Units at any time and may redeem such Other Property Tracking Units, in its sole discretion, in accordance with the terms and conditions of the Parent LLCA.

  • The remaining Tracking Units (“Tranche 3”) shall vest on the Two Year Anniversary (“Tranche 3 Vesting Date”).

  • As of immediately following the Effective Time the ratio of vested Tracking Units to unvested Tracking Units held by each Holdback Executive shall be the same for each type of Tracking Unit held by such Holdback Executive.

  • Non-powered Asset Vehicle Tracking Units that are part of VCF Solution require Customer to Self-Install.

  • Subject to Section 6, as soon as practicable following the Tranche 3 Vesting Date, and in no event later than thirty (30) days after such date, the Company will deliver to Participant an amount in cash equal to the closing Company stock price on the trading day prior to the Tranche 3 Vesting Date multiplied by the vested Tranche 3 Tracking Units (such amount, the “Tranche 3 Payment”).

  • One-third (1/3) (rounded down to the nearest whole number, if applicable) of the Tracking Units (“Tranche 2”) shall vest on the One Year Anniversary (“Tranche 2 Vesting Date”).

  • Participant shall have no further right or interest in or with respect to such Tracking Units.

  • One-third (1/3) (rounded down to the nearest whole number, if applicable) of the Tracking Units (“Tranche 1”) shall vest on the Grant Date (“Tranche 1 Vesting Date”).

  • Upon a Participant’s Termination of Employment by any member of the Company Group for Cause, all Tracking Units granted hereunder, whether vested or unvested, will immediately and automatically be forfeited as of the date of such termination for no consideration and without any action by the Company.

  • Notwithstanding the foregoing, Parent reserves the right, in its sole discretion, to make distributions of shares of VSLR Common Stock, Acquiror Common Stock and VW Common Stock to the Holdback Executives in respect of the applicable Tracking Units at any time, pursuant to the terms and conditions of the Parent LLCA.