Unvested Unit means a Unit that was Transferred to Transferee pursuant to this Agreement which continues to be subject to forfeiture pursuant to Section 4 at the time in question.
Unvested Unit means any Class D Unit (including any Performance Vested Base Unit) that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions. For the avoidance of doubt, as of the completion of the Performance Period, no Class D Unit that then constitutes a Distribution Equivalent Unit shall be an Unvested Unit.
Unvested Unit means any Unit that is not a Vested Unit.
Examples of Unvested Unit in a sentence
Any amount that would otherwise be distributed to a Class C Holder pursuant to Section 5.02 but for the application of the preceding sentence shall instead be retained by the Company and paid to such Class C Holder if, as and when the Unvested Unit to which such retained amount relates vests pursuant to the terms of the applicable Class C Profits Interests Grant or applicable underlying incentive plan.
More Definitions of Unvested Unit
Unvested Unit has the meaning set forth in Section 5.03.
Unvested Unit means any OPP Unit that has not become fully vested pursuant to Section 2.2 hereof and remains subject to the Restrictions.
Unvested Unit means, on any date of determination, any Unit held by a Management Member that is not a Vested Unit.
Unvested Unit means any Class A Unit that has not become fully vested pursuant to Section 4 hereof and remains subject to the Restrictions.
Unvested Unit means any Units that are not Vested Units as of the date of determination pursuant to the terms of the applicable Incentive Unit Award Agreement.
Unvested Unit means any NCLC Unit that is not a Vested NCLC Unit.
Unvested Unit means, on any date of determination, any Common Unit held by a Member (directly, or indirectly through Management Holdco) that is not “vested” in accordance with such Member’s (or its direct or indirect Transferor’s) applicable Vesting Letter.