Unvested Equivalent Amount
Unvested Equivalent Amount. Shall mean, for each Profit Unit holder who holds unvested Profit Units as of immediately prior to the Distribution, with respect to each outstanding Grant, an amount equal to the product of the following: (i) a fraction, the numerator of which is the number of unvested Profit Units as of immediately prior to the Distribution (excluding the unvested Profit Units that are scheduled to vest only upon a Change of Control Transaction), and the denominator of which is the total number of Profit...
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ESH Hospitality, Inc. contract
Unvested Equivalent Amount. Shall mean, for each Profit Unit holder who holds unvested Profit Units as of immediately prior to the Distribution, with respect to each outstanding Grant, a number of Distributed Shares as determined by the Board made in connection with the Distribution, which represents the Profit Unit holder's interest in the unvested Profit Units (other than those unvested Profit Units which were scheduled to vest only upon a Change of Control Transaction) with respect to such Grant
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Found in
ESH Hospitality, Inc. contract