Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.
Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”
Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.
Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.
Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.
Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.
Company Units has the meaning set forth in the Recitals.
Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.
Membership Units means membership interests in the Company.
Common Units is defined in the Partnership Agreement.
LLC Units has the meaning set forth in the LLC Agreement.
RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”
Deferred Stock Units means the number of hypothetical Shares subject to an Election.
Class B Units means the Class B Units of the Company.
Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.
LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.
Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.
DSUs means the deferred share units granted under the DSU Plan;
Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).
Unvested Units means any Executive Units which are not Vested Units.
LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.
Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.
Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.
Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.
Partnership Units or “Units” has the meaning provided in the Partnership Agreement.