Vested Class B Units means those Award Class B Units that have fully vested in accordance with the time-based vesting conditions of Section 3(d) or have vested on an accelerated basis under Section 4.
Vested Class B Units means Class B Units that are not Unvested Class B Units.
Vested Class B Units is defined in the LLC Agreement. Exhibit A-2 EXHIBIT B SECTION 83(B) ELECTION FORM Election to Include in Taxable Income in Year of Transfer Pursuant to Section 83(b) of the Internal Revenue Code The undersigned is receiving an award of restricted membership units of a Delaware limited liability company that is being treated as a partnership for federal income tax purposes. All parties to the transaction believe the award of restricted membership units to be a “profits interest” within the meaning of Internal Revenue Service Revenue Procedures 93-27 and 2001-43. Notwithstanding the foregoing, in the event that (i) the award of restricted membership units constitutes a “capital interest” rather than a “profits interest” or (ii) the undersigned disposes of such restricted membership units within two years following receipt thereof, the undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and supplies the following information in accordance with the regulations promulgated thereunder:
Examples of Vested Class B Units in a sentence
Vested Class B Units held by Black Knight may be exchanged for shares of common stock of J.
Section 11.1 Company Option to Redeem Class A Units and Vested Class B Units.
More Definitions of Vested Class B Units
Vested Class B Units means any outstanding Class B Units that have become vested pursuant to the provisions of any applicable employment agreement, award agreement or other agreement to which a Class B Member is a party.
Vested Class B Units has the meaning given such term in the Class B Unit Grant Agreement.
Vested Class B Units means any Class B Units which have time vested -------------------- in accordance with the terms of the Executive Agreement pursuant to which such Units were acquired.
Vested Class B Units means, as of the applicable date of determination, the Class B Units that have vested in accordance with the provisions of this Agreement, the Plan and the LLC Agreement.
Vested Class B Units shall have the meaning ascribed to such term in the Plan.
Vested Class B Units means any Class B Units that are vested pursuant to the terms hereof and any Management Grant Agreement.
Vested Class B Units has the meaning assigned to such term in Section 3.3.