Unvested Portion definition

Unvested Portion means any Option with respect to the number of shares of Common Stock for that Option that are not exercisable as of the date of the closing of a Transaction resulting in a Change in Control. In the case of a Change in Control which occurs as the results of a series of transactions, the closing date shall be deemed to be the closing date of the final Transaction affecting the Change in Control.

Unvested Portion means, at any time, the portion of the Option which is then unvested in accordance with the Grant Notice and this Agreement.

Unvested Portion means that portion of an Option or an SAR granted to a Participant or Grantee hereunder which is not a Vested Portion. In the event a Participant or a Grantee is granted more than one Option or SAR, the "Unvested Portion" shall refer to all of such Unvested Portions.

Examples of Unvested Portion in a sentence

• If the Participant’s Employment is terminated for any reason other than those reasons specifically addressed in Section 4(c), and except as otherwise provided in Section 4(b), the Unvested Portion of the Option shall be canceled and the Participant shall have no further rights with respect thereto and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 5(a) of this Agreement.

• Notwithstanding the foregoing and for the avoidance of doubt, the Unvested Portion of each Outstanding Award shall be subject to accelerated vesting in accordance with Section 6(b)(iii) below.

• The Unvested Portion of Shares subject to vesting upon satisfaction of the Revenue Targets for Calendar Year 2020 and Calendar Year 2021 shall be deemed satisfied if the EBITDA Target for Calendar Year 2022 is satisfied.

• The Unvested Portion of any Outstanding Award subject to performance-based vesting shall convert into a time-based equity award, and the Unvested Portion of each Outstanding Award shall vest in substantially equal installments on each of the first twelve monthly anniversaries of the closing date of the Change in Control, subject to Executive’s continued service to the Company or its successor through the applicable vesting date.

• The Unvested Portion shall be forfeited without consideration if the Participant breaches any restrictive covenant relating to confidentiality, non-competition, non-solicitation and/or non-disparagement and/or other similar restrictive covenants in favor of the Company or any of its Subsidiaries.

More Definitions of Unvested Portion

Unvested Portion means, at any time, the portion of the Option which is then unvested in accordance with Section 3 of this Agreement.

Unvested Portion means the remaining Account balance after subtracting the Vested Portion.

Unvested Portion means the portion of the B Ordinary Shares in a Tranche that has not vested in accordance with 11.1.

Unvested Portion means the portion of a Qualifying Award or Qualifying Shares that is/are unvested as of the effective date of a Change in Control.

Unvested Portion means, as of any date of determination and for any applicable Limited Partner, the portion of its Interest (which may be expressed as a percentage) that does not constitute its Vested Portion.

Unvested Portion means, as of any particular date, (i) the value of the Performance Component, minus (ii) the aggregate value of the Vested Portion of the Performance Component.

Unvested Portion has the meaning specified in Section 3 of this Agreement.