Bonus Units definition

Bonus Units means the Units issued, on distribution of the distributable income, in the form of a stock dividend.

Bonus Units means the Units issued instead of cash dividend on distribution of the distributable income.

Bonus Units means the Units issued instead of cash dividend, on distribution of the distributable income.

Examples of Bonus Units in a sentence

• The issue price applicable to Bonus Units issued by way of dividend distribution or issue of Units in lieu of cash distribution shall not include any sales or processing charge.

• The Bonus Units 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.

• The account statement or Unit Certificate shall be dispatched to the Unit Holder within fifteen days of the issue of Bonus Units.

• After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company shall, under intimation to the Trustee, issue additional Units issued in the name of the Unit Holders as per the bonus ratio.

• The Management Company may decide to distribute, wholly or in part, the distributable income in the form of stock dividend (which would comprise of the Bonus Units of the Trust) if it is in the interest of Unit Holders.

More Definitions of Bonus Units

Bonus Units means the additional Units a Unitholder is entitled to receive in payment of a distribution equal to 5% of each distribution that was reinvested by the Unitholder under the terms of the DRIP.

Bonus Units means additional Units calculated and allocated in accordance with Clause 14.

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

Bonus Units means additional Units calculated and allocated in accordance with Clause 12.

Bonus Units means units hereunder credited to a Participant for determining Stock Bonus and Cash Bonus.

Bonus Units means the number calculated as described in Section 3.3(a) which is multiplied by a Participant's Bonus Factor to determine the percentage of a Participant's base salary that is to be paid to the Participant as incentive compensation.

Bonus Units means an award of Units granted pursuant to Section 6(d) of the Plan.