Bonus Unit definition

Bonus Unit means and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserves formed or otherwise in respect of this scheme.

Bonus Unit means a potential cash award whose amount is based upon specified measurement criteria. The term bonus unit includes, but is not limited to, earnings bonus units.

Bonus Unit means an award granted under this Program to receive from the Corporation an amount of cash or other consideration not to exceed the maximum settlement value and based upon a measurement for valuation as specified by the grant. The term bonus unit includes, but is not limited to, earnings bonus units.

Examples of Bonus Unit in a sentence

• In 2007 the Trust instituted a Deferred Signing Bonus Unit Plan for its Chief Executive Officer.

• NMC Sick Leave Bonus: Unit members who are less than 0.9 FTE will have their Sick Leave Bonus pro-rated based on their FTE status as of the last pay period in December or each year.

• The Bonus Unit would rank pari passu as to their rights in the Net Assets, earnings and receipt of dividend and distribution with the existing Units from the date of issue of these Bonus Units.

• Affordable Homeownership Unit: a dwelling unit located within Santa Cruz County, including in some cases within its cities, that is deed restricted as to affordable sale price, including a Measure J Unit, a Density Bonus Unit or a unit financed with former redevelopment funds or through the ADU Loan Program.

• The "Per Bonus Unit Price" shall mean an amount equal to the fair market value (as determined by an appraiser, selected by the Board, who is a member of a nationally recognized investment banking firm) of one share of AQM Common Stock, determined on a fully diluted basis and on the assumption that the total 231,216 Bonus Units awarded to all AQM directors and officers were actual issued and outstanding shares of AQM Common Stock.

More Definitions of Bonus Unit

Bonus Unit means an Award granted pursuant to Section 6(d).

Bonus Unit means an Award granted pursuant to Section 6(d) of the Plan.

Bonus Unit means a bookkeeping entry on a Participant’s Account corresponding to an Option held by the Participant.

Bonus Unit means an Award granted pursuant to this Plan, the value of which on any given date shall equal the Fair Market Value of one Share as of such date.

Bonus Unit means a device used solely for determining bonuses to be paid out under this Plan.

Bonus Unit means a unit of participation in bonuses payable pursuant to the Plan. If required by the Board of Directors, each grant of Bonus Units shall be evidenced by a written instrument in a form approved by the Board of Directors. Bonus Units may not be transferred by a Participant other than by will or by the laws of descent and distribution.

Bonus Unit means a Unit issued pursuant to clause 9.3.