Units Granted Sample Clauses

Units Granted. The maximum number of LTIP Units that could be earned will be granted and any LTIP Units that do not vest will be subsequently forfeited.
View SourceView Similar (5)
Units Granted. Subject to the terms of the Plan (the terms of which are incorporated by reference herein), the Company hereby grants to the Grantee ________ Stock Units, on the terms and subject to the conditions hereinafter set forth.
View Source
Units Granted. The parties hereby agree that, by his execution and delivery hereof, the Management Investor is forfeiting a number of Series C Common Units granted pursuant to the Original Agreement equal to 2,900,854 units (the “Forfeited Units”), all of which were unvested as of the Effective Date. The Forfeited Units are forfeited by the Management Investor without any consideration other than the provisions of this Agreement and the agreements reached in connection with that certain Second Amendment to Employment Agreement, dated as of the date hereof, by and between Boise Cascade Holdings, L.L.C. and the Executive and Executive acknowledges and agrees that, from and after the Effective Date, Executive has no further right, title and interest in or to the Forfeited Units (including any increased appreciation in value thereof). As a result, from and after the Effective Date, the total number of Series C Common Units held by the Management Investor pursuant to the Original Agreement is 6,072,126; provided that, for greater certainty, the foregoing total is exclusive of an additional 400,000 Series C Common Units granted to the Management Investor pursuant to a Director Equity Agreement among the parties dated April 3, 2006, as amended (the “Director Equity Agreement”), it being the intention of the parties that this Agreement shall have no effect on the terms of the Director Equity Agreement and the grant of Series C Common Units made thereunder. Executive represents and warrants, that immediately prior to the forfeiture of the Forfeited Units accomplished hereby, Executive owned all right, title and interest in and to the Forfeited Units, free and clear of all liens and encumbrances, other than those liens and encumbrances created by the Operating Agreement and the Original Agreement.
View Source

Related to Units Granted

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

  • Restricted Stock Units Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee restricted stock units (the “Restricted Stock Units”) as of the Grant Date. Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit becomes vested and non-forfeitable in accordance with Section 2 or Section 3 of this Agreement. The Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units or the Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units become vested and non-forfeitable and such Shares are delivered to the Grantee in accordance with Section 4 of this Agreement. The Grantee is required to pay no cash consideration for the grant of the Restricted Stock Units. The Grantee acknowledges and agrees that (i) the Restricted Stock Units and related rights are nontransferable as provided in Section 5 of this Agreement, (ii) the Restricted Stock Units are subject to forfeiture in the event the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director terminates in certain circumstances, as specified in Section 6 of this Agreement, (iii) sales of Shares of Common Stock delivered in settlement of the Restricted Stock Units will be subject to the Company’s policies regulating trading by Employees and Consultants, including any applicable “blackout” or other designated periods in which sales of Shares are not permitted, (iv) Shares delivered in settlement will be subject to any recoupment or “clawback” policy of the Company, regardless of whether such recoupment or “clawback” policy is applied with prospective or retroactive effect, and (v) any entitlement to dividend equivalents will be in accordance with Section 7 of this Agreement. The extent to which the Grantee’s rights and interest in the Restricted Stock Units becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.