Restrictions and Restricted Period. Units shall be issued in the name of the Employee upon the execution by the Employee of this Agreement, and shall be evidenced on the books and records of Limited. One-third of the Units issued herein shall be free of any transfer or forfeiture restrictions set forth in Sections 2 and 4 of this Agreement as of the Award Date.
Appears in 2 contracts
Sources: Restricted Unit Agreement (Spincycle Inc), Restricted Unit Agreement (Spincycle Inc)