Unvested Unit definition
Unvested Unit means any Class D Unit (including any Performance Vested Base Unit) that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions. For the avoidance of doubt, as of the completion of the Performance Period, no Class D Unit that then constitutes a Distribution Equivalent Unit shall be an Unvested Unit.
Unvested Unit means any Unit that is not a Vested Unit.
Unvested Unit means a Unit that was Transferred to Transferee pursuant to this Agreement which continues to be subject to forfeiture pursuant to Section 4 at the time in question.
Examples of Unvested Unit in a sentence
Notwithstanding anything to the contrary in this Agreement, if any Unvested Unit is forfeited, no Tax Benefit Payment (or any other payment under this Agreement) that is attributable to such Unvested Unit and would otherwise become due and payable after the date of such forfeiture shall be required to be made.
More Definitions of Unvested Unit
Unvested Unit means any Class A Unit that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions.
Unvested Unit has the meaning set forth in Section 5.03.
Unvested Unit means any OPP Unit that has not become fully vested pursuant to Section 2.2 hereof and remains subject to the Restrictions.
Unvested Unit means any Units that are not Vested Units as of the date of determination pursuant to the terms of the applicable Incentive Unit Award Agreement.
Unvested Unit means, on any date of determination, any Profit Unit held by a Member that is not a Vested Unit.
Unvested Unit means any LTIP Unit that has not vested pursuant to Section 4 or Section 5 hereof and remains subject to the Restrictions.
Unvested Unit means, on any date of determination, any Unit held by a Member (directly, or indirectly through an Employee Holdco Member) that is not “vested” in accordance with such Member’s (or its direct or indirect Transferor’s) applicable Award Agreement.