Effect of Forfeiture. Any unvested or conditionally vested Incentive P Units forfeited by the Limited Partner or his Related Trusts in accordance with this Section 3(a) shall be cancelled. Any Incentive D Units (or any Class A Common Units into which such Incentive D Units have converted) forfeited by the Limited Partner and his Related Trusts in accordance with this Section 3(a) shall be reallocated in accordance with the terms of the Limited Partnership Agreement.
Appears in 6 contracts
Sources: Partner Agreement (Och-Ziff Capital Management Group LLC), Partner Agreement (Och-Ziff Capital Management Group LLC), Partner Agreement (Och-Ziff Capital Management Group LLC)