Deferred Unit Plan definition

Deferred Unit Plan means Chartwell’s deferred unit plan established in 2008, as amended from time to time. “Deferred Units” means a right to receive a Unit under an award made pursuant to the Deferred Unit Plan.

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Deferred Unit Plan. ’ means the deferred unit plan of the REIT to be adopted by the REIT at Closing. ‘‘Deferred Units’’ means deferred units issued pursuant to the Deferred Unit Plan.

Deferred Unit Plan means the incentive deferred unit plan adopted by the Trustees; and

Examples of Deferred Unit Plan in a sentence

The REIT and the REIT Board shall (a) take all steps necessary to accelerate, in accordance with the terms of the Deferred Unit Plan, the vesting of all unvested Deferred Units in accordance with the provisions of the Plan of Arrangement, and (b) take all steps necessary to make all vested Deferred Units that are outstanding at the commencement of the day prior to the Effective Date redeemable in accordance with the terms of the Deferred Unit Plan at and after such time.
The Deferred Units and the Deferred Unit Plan shall be otherwise addressed in the Plan of Arrangement.
All amounts due to holders of Options under the IPC REIT Deferred Unit Plan as of the date hereof are set out in the Disclosure Letter.
Subject to the completion of the Transactions, all amounts due to holders of Options under the IPC REIT Deferred Unit Plan on account of the additional Options issued as contemplated in the previous sentence shall be paid prior to, or concurrent with, the Closing.
The issuance of additional Deferred Units (on a monthly basis) to plan participants in accordance with section 7.3 of the Deferred Unit Plan.

More Definitions of Deferred Unit Plan

Deferred Unit Plan means the deferred unit plan of the Trust, as amended from time to time.

Deferred Unit Plan means the deferred unit plan of the REIT dated May 17, 2015;

Deferred Unit Plan means the deferred unit plan of Temple REIT dated June 19, 2009 which terminated effective December 31, 2012 upon the completion of the Corporation Conversion;

Deferred Unit Plan means the Deferred Unit Plan adopted by the REIT effective as of January 1, 2017;

Deferred Unit Plan means InterRent Real Estate Investment Trust Deferred Unit Plan, as the same may be further amended or varied from time to time;

Deferred Unit Plan means BTB’s deferred unit plan adopted on June 22, 2011, as amended from time to time.

Deferred Unit Plan means the deferred unit plan of the REIT approved by REIT Unitholders on May 10, 2017, as amended and restated on each of February 19, 2020, January 1, 2021 and May 11, 2022.