Incentive Unit

Example Definitions of "Incentive Unit"
Incentive Unit. A bookkeeping entry that entitles the holder to payment pursuant to Section 8 and the other terms of the Plan.
Incentive Unit. Any Incentive Unit, Unit, equity award or equity interest that is held by Executive shall include any such Incentive Unit, Unit, equity award or equity interest, whether vested or unvested, that is held directly by Executive or which is held by or placed in a trust or other estate planning vehicle
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