Unit Plan Sample Clauses

Unit Plan. The term “Unit Plan” means the Amended and Restated 2006 Unit Plan of the Company, as it may be amended or supplemented from time to time.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Unit Plan. Executive acknowledges that the Class F Units are being issued pursuant to the Unit Plan and agrees to be bound by the terms of the Unit Plan with respect to Executive’s Units.
Sample 1Sample 2See All (4)
Unit Plan. 35 10.7 [**].......................................................................................... 35 10.8 Expiration of Unit Plan....................................................................... 35 10.9 [**] Pricing.................................................................................. 35 10.10 [**] Revenues................................................................................. 36 SECTION 11. DEVELOPMENT WORK QUALIFYING FOR SR&ED CREDITS................................................. 36
Sample 1
Unit Plan. The BCH Companies have submitted to Certen, for the initial [**] years of the Term, an annual [**] of Units at the Price Per Unit, all as set forth in Section 5 of Exhibit B (the "UNIT Plan").
Sample 1
Unit Plan. Every unit title development has a unit plan, which shows the location of the principal units as well as any accessory units and common property in the development. The unit plan is the formal record of all of the boundaries of the units, and the common property. Ownership and utility interests. Each unit is allocated an ownership interest and a utility interest and such interests are relevant to the determination of many of the unit owner’s rights and responsibilities under the Unit Titles Act 2010. Ownership interest is a number that reflects the relative value of each unit to the other units in the development, and is used to determine a range of matters including the unit owners’ beneficial share in the common property, and share in the underlying land if the unit plan is cancelled. By default, the utility interest of a unit is the same as the ownership interest (unless it is otherwise specified on the deposit of the unit plan or subsequently changed), and is used to calculate how much each owner contributes to the operational costs of the body corporate. Body corporate operational rules. The body corporate for a unit title development can make its own operational rules on the use of the development, and governance of the body corporate. These operational rules are subject to the provisions of the Unit Titles Act 2010 and regulations made under that Act. All unit owners, occupiers, tenants and the body corporate must follow the body corporate operational rules that apply to their unit title development. Transitional provisions for unit title developments created before the Unit Titles Act 2010 came into effect on 20 June 2011 apply to the body corporate rules in place at that time. Pre-settlement disclosure statement. Before settlement of the sale of a unit, the seller must provide a pre-settlement disclosure statement to the purchaser, which includes information on: • the unit number and body corporate number • the amount of the contribution levied by the body corporate for that unit • the period covered by the contribution • how the levy is to be paid • the date on or before which the levy must be paid • whether any amount of the levy is currently unpaid and, if so, how much • whether legal proceedings have commenced in respect of any unpaid levy • whether any metered charges (eg, for water) are unpaid and, if so, how much • whether any costs relating to repairs to building elements or infrastructure contained in the unit are unpaid and, if so, how m...
Sample 1
Unit Plan. Every unit title development has a unit plan, which shows the location of the principal units as well as any accessory units and common property in the DocuSign Envelope ID: 5FAD1E23-4720-4776-8D5A-5E79CC19401C development. The unit plan is the formal record of all of the boundaries of the units, and the common property. Ownership and utility interests. Each unit is allocated an ownership interest and a utility interest, and such interests are relevant to the determination of many of the unit owner’s rights and responsibilities under the Xxxx Xxxxxx Xxx 0000. Ownership interest is a number that reflects the relative value of each unit to the other units in the development and is used to determine a range of matters including the unit owners’ beneficial share in the common property and share in the underlying land if the unit plan is cancelled. By default, the utility interest of a unit is the same as the ownership interest (unless it is otherwise specified on the deposit of the unit plan or subsequently changed) and is used to calculate how much each owner contributes to the operational costs of the body corporate. Body corporate operational rules. The body corporate for a unit title development can make its own operational rules on the use of the development, and governance of the body corporate. These operational rules are subject to the provisions of the Xxxx Xxxxxx Xxx 0000 and regulations made under that Act. All unit owners, occupiers, tenants and the body corporate must follow the body corporate operational rules that apply to their unit title development. Transitional provisions for unit title developments created before the Xxxx Xxxxxx Xxx 0000 came into effect on 20 June 2011 apply to the body corporate rules in place at that time. Pre-settlement disclosure statement. Before settlement of the sale of a unit, the seller must provide a pre-settlement disclosure statement to the purchaser, which includes information on: • the unit number and body corporate number • the amount of the contribution levied by the body corporate for that unit • the period covered by the contribution • how the levy is to be paid • the date on or before which the levy must be paid • whether any amount of the levy is currently unpaid and, if so, how much • whether legal proceedings have commenced in respect of any unpaid levy • whether any metered charges (e.g., for water) are unpaid and, if so, how much • whether any costs relating to repairs to building elements or infras...
Sample 1
Unit Plan. If SELLER’S Deed to BUYER is the first deed of such Unit, SELLER’S Deed shall have attached thereto, as a part thereof, the plan required by Section 9 of the Act.
Sample 1
AutoNDA by SimpleDocs

Related to Unit Plan

  • Equity Plan In the event the Company adopts an equity incentive plan or program (the "Equity Plan") for its key executives, the Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof in accordance with the terms and conditions of such plan.

  • Option Plan This Option is subject to certain additional terms and ----------- conditions set forth in the Plan pursuant to which this Option has been issued. Optionee acknowledges receipt of a copy of the Plan on file with the Secretary of the Company and, by acceptance hereof, agrees to and accepts this Option subject to the terms of the Plan. Except as otherwise defined herein, defined terms used in this Agreement shall have the meaning ascribed thereto in the Plan.

  • Compensation Plan The Compensation Plan adopted by the City Council shall provide for salary schedules, rates, ranges, steps and any other special circumstances or items related to the total compensation paid employees. Each position within the classified services shall be allocated to its appropriate class in the classification plan on the basis of duties and responsibilities. Each class shall be assigned a salary range or a rate established in the salary plan. All persons entering the classified service shall be compensated in accordance with the salary plan then in effect.

  • Incentive Plan 23:01 Effective January 1, 2003, the basis on which any Incentive Plan payment is calculated will be modified. The modified plan will be based upon a 100% target payout of 2.5%, comprised of 1.75% District / Departmental targets and 0.75% Spectra Energy Earnings Per Share (EPS). Any Incentive Plan payout will be based upon the employee’s incentive eligible earnings which includes straight-time earnings, STD, vacation pay, holiday pay, paid personal days, overtime pay, and shift premiums. For clarity, any other forms of payment will not be included in the employee’s incentive eligible earnings. The rules and administration and payout formula of the Company’s Short Term Incentive Plan will apply to this Incentive Plan. The Incentive Plan for employees will be calculated on: ⮚ Operations District/Departmental targets - a sliding scale based on the achievement of the targets. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the District / Department component of the Incentive Plan payment will be: • One and three-quarters percent (1.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of one hundred and fifty percent (150%) or more in a calendar year, the maximum District / Department component of the Incentive Plan payment will be: • Two and five-eighths percent (2.625%) of the employee’s incentive eligible earnings in each calendar year. ⮚ Spectra Energy Earnings Per Share (EPS) - a sliding scale based on the achievement of the target EPS. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the EPS component of the Incentive Plan payment will be: • Three-quarters percent (0.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of two hundred percent (200%) or more in a calendar year, the maximum EPS component of the Incentive Plan payment will be: • One and one-half percent (1.50%) of the employee’s incentive eligible earnings in each calendar year. The District / Department and Spectra Energy Earnings Per Share targets will be established annually by the Company. Any applicable payment under this Incentive Plan will be paid by March 31, of the following calendar year.

  • Stock Plan Each stock option granted under any stock option plan of the Company (each, a “Stock Plan”) was granted with a per share exercise price no less than the fair market value per Common Share on the grant date of such option, and no such grant involved any “back-dating,” “forward-dating” or similar practice with respect to the effective date of such grant; each such option (i) was granted in compliance with applicable law and with the applicable Stock Plan(s), (ii) was duly approved by the board of directors (or a duly authorized committee thereof) of the Company or such Subsidiary, as applicable, and (iii) has been properly accounted for in the Company’s consolidated financial statements and disclosed, to the extent required, in the Company’s filings or submissions with the Commission and the Canadian Qualifying Authorities.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Stock Purchase Plan (a) Establishment of Stock Purchase Plan. Effective as of the Closing Date, Constar shall establish an employee stock purchase plan (the “Constar ESPP”) that will provide benefits for a period of one year after the Closing Date that are at least substantially equivalent in all Material Features to those provided under the Crown Employee Stock Purchase Plan (the “Crown ESPP”) immediately before the Closing Date.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

Time is Money Join Law Insider Premium to draft better contracts faster.