Compensation Unit definition
Examples of Compensation Unit in a sentence
For each share of Owned Stock or Deferred Compensation Unit, the Company shall pay to Executive the highest fair market value per share of the common stock on any date during the period beginning six (6) months prior to the date of Executive's election pursuant to this Section.
The DAS Classification and Compensation Unit shall conduct an audit of the Dispatchers, Sergeants and Troopers.
It shall be understood that the Temporary Modified Work Program will function under the guidelines promulgated by the Office of Employee Relations on June 9, 1989, and shall also be subject to all such regulations promulgated by the Worker's Compensation Unit of the Division of Public Employment Retirement Administration.
Each Compensation Unit is comprised of one Common Share (each, a “Compensation Unit Share”) and one-half of one Warrant (each whole Warrant, a “Compensation Unit Warrant”) at an exercise price equal to the Offering Price for a period of 36 months from the Initial Closing Date, pursuant to the terms of the Compensation Option Certificates.
Each Compensation Unit Warrant will entitle the holder to acquire one Common Share (a “Compensation Unit Warrant Share”) at an exercise price of $0.12 per Compensation Unit Warrant Share, subject to adjustment, at any time until 1:00 p.m. (Toronto time) on the date that is 36 months after the Initial Closing Date.