Employee Units definition

Employee Units has the meaning set forth in Section 1(a) hereof. The Employee Units will continue to be Employee Units in the hands of any holder other than the Employee (except for the Company and except for transferees in a public sale) and, except as otherwise provided herein, each such other holder of the Employee Units will succeed to all rights and obligations attributable to the Employee as a holder of the Employee Units hereunder. The Employee Units will also include equity interests of the Company issued with respect to the Employee Units by way of an equity split, dividend of equity or other recapitalization.
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Employee Units means the Common Units and Profits Units, in each case, held (directly or indirectly through an Employee Holdco Member) by an Employee Member or Employee Holdco Member.
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Employee Units means the Common Units held by an Employee Member.
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Examples of Employee Units in a sentence

  • The right of the Company to repurchase Employee Units pursuant to this Section 6 shall terminate upon the first to occur of a Sale of the Company or a Qualified Public Offering.

  • The Employee Units issued to Employee pursuant to this Agreement will “vest” as provided in this Section 5.

  • Employee shall be the record owner of the Employee Units until or unless such Employee Units are forfeited or repurchased pursuant to Section 6 below or transferred in accordance with the terms of the LLC Agreement, and as record owner shall be entitled to all rights granted to owners of Common Units.

  • When issued pursuant to this Agreement, all of the Employee Units will be duly authorized, validly issued and will have been issued by the Company in compliance with applicable federal and state securities laws.

  • In connection with the purchase of Employee Units hereunder, the Company shall be entitled to receive customary representations and warranties from the sellers regarding such sale of units (including representations and warranties regarding good title to such units, free and clear of any liens or encumbrances).

  • The Vested Units to be repurchased by the Company shall first be satisfied to the extent possible from the Employee Units held by Employee at the time of delivery of the Repurchase Notice.

  • If the number of Vested Units then held by Employee is less than the total number of Vested Units that the Company has elected to purchase, the Company shall purchase the remaining Vested Units to be purchased from the other holder(s) of Employee Units under this Agreement, pro rata according to the number of Vested Units held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as close as practicable to the nearest whole units).

  • The obligation of the Company to consummate the transactions contemplated hereby and issue Employee Units hereunder is subject to Employee’s execution and delivery of (i) a counterpart signature to the LLC Agreement and (ii) a Non Disclosure and Developments Agreement.

  • The execution, delivery and performance by the Company or its officers of this Agreement and the LLC Agreement and the offer, sale and issuance of the Employee Units hereunder have been duly authorized by the Company.

  • The Repurchase Notice shall set forth the number of Vested Units to be acquired from each holder of Employee Units, the aggregate consideration to be paid for such Vested Units and the time and place for the closing of the transaction.


More Definitions of Employee Units

Employee Units shall have the meaning set forth in the preamble to this Agreement. Employee Units shall continue to be Employee Units in the hands of any holder other than 2006 Employee Investor (except for the Company, the Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other holder of Employee Units shall succeed to all rights and obligations attributable to 2006 Employee Investor as a holder of Employee Units hereunder. All Unvested Units shall remain Employee Units after any Transfer thereof.
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Employee Units means units having the contractual rights to payments and obligations specified with respect to such units under the Second Amended and Restated Cervalis Employee Unit Plan.
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Employee Units means Units purchased by employees of Jazz under the Employee Unit Purchase Plan of Jazz;
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Employee Units means the Employee Incentive Units and the Employee Investment Units.
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Employee Units shall have the meaning set forth in the Partnership Agreements.
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Employee Units means the Employee Incentive Units and the Employee Investment Units. Unless otherwise provided herein or in a Participant's Subscription Agreement (as defined herein), except in connection with an Approved Sale (as defined herein) or a Public Sale, Employee Units will continue to be Employee Units in the hands of any holder of Employee Units (except for the Company), and each such transferee thereof will succeed to the rights and obligations of a holder of Employee Units hereunder.
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Related to Employee Units

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Share Award means an award of Restricted Shares.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Bonus Shares means Shares that are awarded to a Grantee without cost and without restrictions in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise) or as an incentive to become an employee of the Company or a Subsidiary.

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Membership Units means membership interests in the Company.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.