Appreciation Units definition

Appreciation Units means an appreciation unit granted to a Grantee pursuant to the 2014 Plan, comprising the rights granted to a Grantee under the 2014 Plan including the right of certain Grantees to acquire Shares as set forth in Award Agreements entered into as contemplated under the 2014 Plan, subject to terms and conditions of this 2014 Plan.
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Appreciation Units previously awarded to the Executive under the terms of the Company’s Discovery Appreciation Plan (“DAP”) shall be paid to the Executive, following his earning a vested right to the Appreciation Units, in accordance with the terms of DAP, provided that, regardless of how the Company determines “Ending Unit Value” (as defined in the DAP) for other DAP participants, the “Ending Unit Value” of such Appreciation Units shall be determined without application of the 110% multiplier referred to in the DAP’s definition of “Ending Unit Value.”
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Examples of Appreciation Units in a sentence

  • In the event that the number of outstanding shares of Common Stock of Holdings is increased by reason of a stock dividend or a stock split, the number of Appreciation Units granted to the Executive in Paragraph 1 shall be proportionately increased and the dollar amounts set forth in clauses (b)(I) and (II) of ▇▇▇▇▇▇▇▇▇▇ ▇, ▇, ▇, ▇▇▇ ▇ ▇▇▇▇▇ ▇▇ proportionately decreased for the purpose of computing the amount, if any, payable to the Executive pursuant to this agreement.

  • Although the value, if any, of the Long-Term Incentive Award will be derived from the market price of the Common Stock of Holdings, neither the Long-Term Incentive Award nor the Appreciation Units constitute or shall be deemed for any purpose to be or represent capital stock of or equity interests of any kind in Holdings or the Company.

  • The Director shall receive Stock Appreciation Units (“SARs”) pursuant and subject to the Company’s 2015 Stock Incentive Plan (the “Plan”) on the terms herein described.

  • Without limiting the generality of the foregoing or any other provision hereof, the provisions of the Plan are hereby expressly incorporated into this Agreement as if first set forth herein and applicable to the Appreciation Units subject to this Award.

  • The Company hereby grants to you an Award of ________ Appreciation Units (the “Award”), subject to the terms and conditions of the Plan and this Agreement.

  • Payment of the cash value of the Phantom Stock Appreciation Units will be made no later than 75 days after the Participant’s Separation from Service.

  • The Appreciation Units have been granted pursuant to the “Qualifying Person” exemption” under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”).

  • The Appreciation Units may only be transferred by the laws of descent and distribution, or to a legal representative in the event of the Grantee’s incapacity and, in the case of Shares, in accordance with the terms of the Stockholders Agreement.

  • The issuance of Shares pursuant to the vested Appreciation Units shall be subject to compliance by the Companies and the Grantee with all applicable requirements of the laws and rules of the People’s Republic of China including, without limitation, the State Administration of Foreign Exchange (“SAFE”).

  • The Company hereby grants to the Executive a Long-Term Incentive Award consisting of 68,750 Appreciation Units.