Unvested Units definition

Unvested Units means those Units from time to time listed as unvested Units in the books and records of the Partnership.

Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

Unvested Units means any Executive Units which are not Vested Units.

Examples of Unvested Units in a sentence

• Except as set forth in Paragraph 5, the Participant will not be entitled to any privileges of ownership of the Common Shares (including, without limitation, any voting rights) underlying Vested Units and/or Unvested Units unless and until Common Shares are actually delivered to Participant hereunder.

• Immediately upon the forfeiture of any Initial Unvested Units, such Unvested Units that have been so forfeited shall be cancelled.

• Except as set forth in this Section 7, the Participant will not be entitled to any privileges of ownership of the shares of Common Stock subject to the Award (including, without limitation, any voting rights) underlying Vested Units and/or Unvested Units unless and until such shares of Common Stock are actually delivered to the Participant hereunder.

• If both Unvested Units and Vested Units are to be purchased by the Company and Executive Units are held by Permitted Transferees of Executive, the number of Unvested Units and Vested Units to be purchased will be allocated among such holders pro rata according to the total number of Executive Units to be purchased from such person.

• The Company may elect to purchase all or any portion of the Unvested Units without or before purchasing any Vested Units.

More Definitions of Unvested Units

Unvested Units means any Executive Units which are not Vested Units. --------------

Unvested Units has the meaning assigned to such term in the LLC Agreement.

Unvested Units has the meaning given to such term in the Holdings LLC Agreement.

Unvested Units means, as of the date of any determination, with respect to the Equity Units held by a Management Member, the number of such Equity Units equal to the product of (i) the total number of such Equity Units times (ii) the percentage equal to 100% less the Applicable Percentage.

Unvested Units means the Employee Units that are not Vested Units as of such date.

Unvested Units means those Units that have not vested in accordance with their terms.

Unvested Units means the number of such Units that are subject to any vesting, forfeiture or similar arrangement under this Agreement and have not become Vested Units.