Examples of Unvested Unit in a sentence
For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit.
Furthermore, Employee may not agree to offer or sell, grant any call option with respect to, pledge, hypothecate, borrow against, xxxxx x xxxx, security interest or other encumbrance in or on, dispose of or enter into any swap or derivative transaction with respect to any Vested Unit or Unvested Unit or any interest therein without the prior written consent of the Board.
For purposes of this Article V, each Unvested Unit may be treated as a Vested Unit.
Furthermore, Executive may not agree to offer or sell, grant any call option with respect to, pledge, hypothecate, borrow against, xxxxx x xxxx, security interest or other encumbrance in or on, dispose of or enter into any swap or derivative transaction with respect to any Vested Unit or Unvested Unit or any interest therein without the prior written consent of the Board.
Any amount that would otherwise be distributed to an Incentive Member pursuant to Section 5.02 but for the application of the preceding sentence shall instead be retained in a segregated Company account to be distributed in accordance with this Article V by the Company and paid to such Incentive Member if, as and when the Unvested Unit to which such retained amount relates vests pursuant to Section 3.05.