Incentive Units definition

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

Incentive Units has the meaning set forth in Section 3.2(c).

Incentive Units means the Class B Units, Class C Units, Class D Units, Class E Units and/or Class F Units.

Examples of Incentive Units in a sentence

• Each holder of Class C Common Incentive Units agrees to take into account such distributive share in computing its U.S. federal income tax liability for the entire period during which it holds any Class C Common Incentive Unit (or portion thereof).

• At the Effective Date, the Units will be comprised of Common Units and Class C Common Incentive Units.

• In addition to grantees of Incentive Units admitted as additional Members pursuant to Section 3.1(c), additional Members may be admitted to the Company upon signing a joinder agreement to this Agreement on such terms and conditions as may be approved by the Board and, as applicable, the Members.

• If the Board determines that Net Cash Flow is available for distribution, it shall cause the Company to distribute such Net Cash Flow among the Members in proportion to their relative ownership of Units other than Incentive Units.

• Whenever Incentive Units are granted, the Capital Account balances of all Members will be adjusted, immediately before such grant becomes effective, to equal in the aggregate the Fair Market Value of the Company as of such date.

More Definitions of Incentive Units

Incentive Units means units that represent a type of limited partnership interest in the Partnership granted pursuant to Section 6 of this Plan.

Incentive Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Incentive Units” in this Agreement and includes both Restricted Incentive Units and Unrestricted Incentive Units.

Incentive Units shall have the meaning set forth in the preface.

Incentive Units has the meaning set forth in the Focus LLC Agreement.

Incentive Units. (as defined in Holdings’ Governing Documents) in an aggregate amount, for all such redemptions after the Closing Date, not to exceed $250,000, or (ii) any other “Units” (as defined in Holdings’ Governing Documents) so long as no Default or Event of Default exists or would result therefrom and solely to the extent such redemptions are financed with the proceeds of equity interests of Holdings or Subordinated Debt permitted under clause (e) of the definition of Permitted Indebtedness;

Incentive Units means, as applicable, the Class G Units, the Class M Units, the Class MEP Units, the Class N Units and the Class O Units, and any other class of Units the Company authorizes after the date hereof that are intended to constitute a “profits interest” in the Company within the meaning of Revenue Procedure 93-27, 1993-2 C.B. 343, or any successor Internal Revenue Service or Treasury Department regulation or other pronouncement applicable at the date of issuance of such Incentive Units, as the case may be.

Incentive Units has the meaning set forth in the Operating Agreement.