CCD Operations definition
CCD Operations means the activities (including land acquisition, financing, development, leasing, operation and/or sale) of the following companies and partnerships (and their subsidiary entities, whether owned in whole or in part):
(a) The "Commercial Development" business segment of CDCLP, including Centex Commercial Development, L.P. (collectively referred to as "CCD")
(b) Centex-Vista, including EFO and Nomas projects described on Exhibit 2
(c) Any other entities that may be formed or acquired for purposes of the CCD business segment's commercial real estate activities
Examples of CCD Operations in a sentence
Executive will be assessed a proportionate portion of 50% of the total overhead of CCD Operations, such proportionate share to be the ratio of the Operating Earnings generated by the projects in which Executive participates in earnings (that is, the Existing Projects and the New Projects) to the total Operating Earnings generated by all operating projects that are included in CCD Operations.