Examples of Unvested Class A Units in a sentence
Each holder of Unvested Class A Common Stock shall be required to make a valid and timely election in respect of such Unvested Class A Common Stock, and a protective election in respect of the Unvested Class A Units exchanged therefor, in each case, pursuant to Section 83(b) of the Code and to provide evidence of such election to PubCo and the Company.
Unvested Class A Units and Unvested Management Incentive Units that fail to vest and are forfeited by the applicable Member shall be cancelled by the Company (and shares of Class B Common Stock held by the applicable Member shall be cancelled, in each case for no consideration) and shall not be entitled to any distributions pursuant to Section 5.03.
Provisions related to Unvested Class A Units to be deleted to the extent all Participating Management Holders sign contribution and exchange agreements pursuant to the BCA.
The Company shall grant to Executive, as a one-time award, Initial Unvested Class A Units in the amount set forth on Schedule A (the “Initial Incentive Award”), which shall be in lieu of the share options, restricted shares and/or performance units that CenterPoint would have awarded to Executive in 2006 for CenterPoint’s fiscal year 2005 performance, in the ordinary course, consistent with its past practice.
The Grantee further acknowledges and agrees that, to the extent Grantee has not already executed the Operating Agreement or an addendum thereof, the Grantee will be required to sign the addendum to the Operating Agreement, attached hereto as Exhibit A, agreeing to be bound by the terms and conditions of the Operating Agreement as a condition to receiving the RECP Unvested Class A Units awarded hereunder.
The Grantee further acknowledges and agrees that, to the extent Grantee has not already executed the Operating Agreement or an addendum thereof, the Grantee will be required to sign the addendum to the Operating Agreement, attached hereto as Exhibit A, agreeing to be bound by the terms and conditions of the Operating Agreement as a condition to receiving the Initial Unvested Class A Units awarded hereunder.
Unvested Class A Units and Unvested Management Incentive Units shall be subject to the terms of this Agreement and any applicable Award Agreement(s).
In the event that one or more of the provisions of the Program or this Agreement becomes invalid, illegal or unenforceable in any jurisdiction, or would disqualify the Program, this Agreement or the Initial Unvested Class A Units under any law deemed applicable by the Board, the Board shall replace each invalid, illegal or unenforceable provision with a valid, legal and enforceable provision which will most nearly and equitably satisfy the economic effect of the invalid, illegal or unenforceable provision.
The Grantee hereby irrevocable elects to pay any Withholding Taxes that are owed by the Grantee upon the Settlement Date of the Referenced OSO Award in cash or by certified or cashier’s check made payable to Level 3 Communications, Inc.
The focus of the present study was to find out whether there is any significant difference between students’ English communicative competence after being taught by using original PPP method and the modified one, and which of the two is more effective in improving the students’ communicative competence.