Annual Units definition

Annual Units means Phantom Stock Units to be awarded to Non-Employee Directors as additional compensation for service on the Board pursuant to Section 5(b).
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Examples of Annual Units in a sentence

  • Should Licensee fail to complete the placement, installation or integration of the Minimum Annual Units at Facilities during any year of the Primary Term, Licensor shall have the right, by written notice to Licensee, to convert the exclusive rights and license granted to Licensee under Section 2.01 to a non-exclusive license and right during the remaining term of this Agreement.

  • Monthly orders in each month of the Firm Forecast shall not exceed one-twelfth (1/12) of the Total Annual Units or ten percent (10%) of the applicable month's annual capacity, whichever is greater.

  • At the end of the Primary Term, this Agreement shall automatically be extended for additional periods of three (3) years each (each a “Renewal Term”) provided Licensee fulfills the Minimum Annual Units for each year of the term as specified in 9.01 (b).

  • Notwithstanding the above, except as set forth in Section 2.5(b), Unilens shall not be permitted to exceed the Total Annual Units in any Annual Period.

  • IPG Model 2000 and Model 2500: Annual Units of Product (Year [***]+) [***]% share commitment [***]% share commitment [***]% share commitment IPG Model 2000 (part number [***]) and Model 2500 (part number [***]): Annual Units of Product (Year [***]+) [***]% share commitment [***]% share commitment [***]% share commitment Volumes considered above are the combination of IPG Model 2000 and Model 2500.

  • For example, if the total Annual Support Fund is equal $1,000 and the Annual Units Threshold is 500 Units, and during Year 3 the actual Units sold is 250 Units, then the total Annual Support Funds payable at the end of Year 3 will be $500 (reduced by 50%).

  • If at the time the Total Annual Units for the Annual Period is exceeded by the purchase of trial lenses, B&L's most recent sales forecast indicates B&L will need [Omitted based on a request for confidential treatment pursuant to Rule 24b-2 under the Securities Act of 1934, as amended.

  • Therefore, if during any Year the number of Units purchased from Pepsi falls below the Annual Units Threshold, then the Annual Support Funds payable for that Year will be reduced by a percentage equal to the percentage decrease between the Annual Units Threshold and the actual number of Units sold during such Year.

  • If B&L agrees to permit Unilens to purchase sale units in excess of the Total Annual Units set forth in Exhibit 2.3 for any Annual Period and B&L's most recent sales forecast indicates B&L will need [Omitted based on a request for confidential treatment pursuant to Rule 24b-2 under the Securities Act of 1934, as amended.

  • Firm Orders shall not exceed one-quarter (1/4) of Total Annual Units or ten percent (10%) of the applicable quarter’s annual capacity, whichever is greater.

Related to Annual Units

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.