Unvested Restricted Units definition

Unvested Restricted Units means Restricted Units granted pursuant to Section 2 of this Agreement as to which the Restriction Period has not expired under Section 3 of this Agreement.
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Unvested Restricted Units means all Restricted Units that, immediately prior to the Effective Time (after giving effect to any acceleration resulting from or in connection with the Merger), are not Vested Restricted Units.
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Unvested Restricted Units restricted stock of Affiliate Corp. which shall be subject to the same vesting requirements and forfeiture provisions as the unvested Restricted Units had been subject to. WITH RESPECT TO ANY SECURITIES ISSUED PURSUANT TO THE PRECEDING SENTENCE, EACH MANAGEMENT MEMBER SHALL MAKE AN ELECTION UNDER SECTIONS 83(b) OF THE CODE WITH RESPECT TO SUCH SECURITIES WITHIN THIRTY (30) DAYS OF RECEIPT THEREOF.
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Examples of Unvested Restricted Units in a sentence

  • No later than 2½ months after the end of the calendar year in which the restrictions lapse with respect to a tranche of Restricted Units, the Company shall issue to the Participant or his Beneficiary (if the Participant dies before payment or this Agreement provides for immediate vesting of Unvested Restricted Units upon the Participant’s death) one Share for each Restricted Unit in such tranche.

  • In the event that Recipient ceases to be employed by BRCC for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

  • Dividend Equivalents on Restricted Units which do not become Earned Unvested Restricted Units are forfeited.

  • In the event that Recipient ceases to be a member of the Board of the Company for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

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  • In the event that Recipient ceases to be employed by the Company for any reason, then Recipient shall immediately forfeit, without any further action by the Company, Recipient or any other Person, any Unvested Restricted Units for no consideration.

  • Restricted Stock Units which have not become Earned Unvested Restricted Units as of the last day of the Performance Period shall be forfeited.

  • Dividend Equivalents on Restricted Stock Units which do not become Earned Unvested Restricted Units are forfeited.

  • Unvested Restricted Units will become Vested Restricted Units (as defined below) in accordance with the provisions of Section 4.

  • No later than 2 1/2 months after the end of the calendar year in which the restrictions lapse with respect to a tranche of Restricted Units, the Company shall [pay][issue] to the Participant or his Beneficiary (if the Participant dies before payment or this Agreement provides for immediate vesting of Unvested Restricted Units upon the Participant's death) [cash equal to the Fair Market Value of an equivalent number of Shares][one Share for each Restricted Unit in such tranche].

Related to Unvested Restricted Units

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

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

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

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

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Class B Units means the Class B Units of the Company.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Company Restricted Stock Award means an award granted under a Company Equity Plan that grants the holder a share of Company Common Stock subject to the terms and conditions of the applicable award agreement and the applicable Company Equity Plan.

  • Company Restricted Stock means all shares of Company Common Stock, subject to vesting or other restrictions, whether granted pursuant to the Company Stock Plans or otherwise.

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

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

  • Company Restricted Stock Unit means any restricted stock unit award subject to service-based vesting, payable in shares of Company Common Stock or the value of which is determined with reference to the value of shares of Company Common Stock, whether granted under a Company Stock Plan or otherwise.

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Covered Units means, with respect to each Unitholder, such Unitholder’s Existing Units, together with any WMLP Common Units that such Unitholder becomes the Record Holder or beneficial owner of on or after the date hereof.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

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

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • 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.