CAP Units definition

CAP Units means the units, each such unit corresponding to one share of Common Stock, credited to a Participant's Capital Accumulation Account pursuant to Section 5. All calculations and determinations of the number of CAP Units hereunder shall be made in whole and fractional units, with such fractional units rounded to the nearest one-thousandth of a unit.
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Examples of CAP Units in a sentence

  • In connection with the issuance of the CAP Units, the First Prior Amendment to the Original Partnership Agreement was executed, which set forth specific agreements regarding certain additional rights and obligations of CAP and which was later amended by the Sixth Prior Amendment to the Original Partnership Agreement.

  • Ordered and Out-of-Stock CAP Units Deliveries to FAN holders using retail delivery type “018 Business Organization” or any other retail delivery type are not allowed and any incentives paid will be subject to a charge back.

  • Seller has agreed to sell and Purchaser has agreed to purchase, pursuant to the terms of this Agreement, a number of shares of common stock (the "Shares") of Purchaser previously credited to the account of Seller in the form of CAP Units and to be received by Seller upon the expiration of the Deferral Period of Purchaser in the current Plan Year under the terms of The Bear Stearns Companies Inc.

  • Seller has agreed to sell and Purchaser has agreed to purchase, pursuant to the terms of this Agreement, a number of shares of common stock (the “Shares”) of Purchaser previously credited to the account of Seller in the form of CAP Units and to be received by Seller upon the expiration of the Deferral Period of Purchaser in the current Plan Year under the terms of The Bear ▇▇▇▇▇▇▇ Companies Inc.

Related to CAP Units

  • 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.

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

  • Class B Units means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with respect to “Class B Units” in this Agreement.

  • 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.

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