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

  • Proposed Contract Cost per Unit of Service (Divide the Proposed Contract Cost by the Proposed Annual Units of Service.

  • This figure will be the Proposed Total Cost per Unit of Service.)  = ( ) Proposed Total Cost Proposed Annual Units of Service 6.

  • The amount of any Annual Units paid in cash shall not be treated as issued under the Plan.

  • Proposed Total Cost per Unit of Service (Divide the Proposed Total Cost by the Proposed Annual Units of Service.

  • The Plan was amended and restated, effective November 18, 2004, without further approval by the stockholders, to provide for Annual Units.

  • If the Non-Employee Director elects to receive payment of the Annual Units in Common Stock, any partial unit resulting in the calculation above will be settled in cash.

  • The amount of each installment payment to a Non-Employee Director shall be determined in accordance with the formula B/(N — P), where “B” is the value of the Deferred Compensation Account representing deferred Annual Units as of the installment calculation date, “N” is the number of installments elected by the Non-Employee Director and “P” is the number of installments previously paid to the Non-Employee Director.

  • Such statement shall separately detail the portion of the Deferred Benefit representing deferred Director’s Fees and the portion of the Deferred Benefit representing Annual Units and will further separately detail amounts deemed invested in Phantom Stock Units and amounts deemed invested in any Investment Fund, as provided in Section 5(d) of this Plan.

  • Notwithstanding the foregoing, the Deferral Election Form that is filed by an individual who first becomes eligible to participate in the Plan on an Annual Meeting date or after the start of a Deferral Period by the applicable Election Date shall be effective only with respect to Director’s Fees earned and Annual Units awarded following the filing of such Deferral Election Form.

  • The Annual Units awarded to a Non-Employee Director shall be credited to the Deferred Compensation Account as of the date of grant.

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.

  • 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.

  • 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.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Common Units is defined in the Partnership Agreement.

  • 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.

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • 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.

  • 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.

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • 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.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Class C Units shall have the meaning set forth in the preface.

  • Class A Common Units means the Company's Class A Common Units.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Restricted Units means that number of restricted units listed in the Award Letter as “Awards Granted.”