Deferred Units definition

Deferred Units means the deferred units under the LTIP.

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Deferred Units means the deferred units under the LTIP. “DRIP” means the distribution reinvestment plan of the REIT.

Deferred Units means the deferred trust units and income deferred trust units under the Deferred Unit Incentive Plan;

Examples of Deferred Units in a sentence

• The Administrator shall, in its sole discretion, make certain substitutions or adjustments to any Retention Units or Deferred Units subject to this Award Agreement pursuant to Section 9 of the Plan.

• Upon the occurrence of a Qualifying Event on account of the death or Disability of the Participant, 100% of the Deferred Units granted hereunder shall vest (to the extent not previously vested) upon the date of such event.

• If on any date while Deferred Units are outstanding hereunder any cash distributions shall be paid on the Blackstone Holdings Partnership Units (whether vested or unvested), the Participant shall be entitled to receive, as of such distribution date, a cash payment equal to the product of (a) the number of Deferred Units, if any, held by the Participant as of the related distribution date, multiplied by (b) the per Blackstone Holdings Partnership Unit amount of such cash distribution.

• All Deferred Units, Retention Units and Blackstone Holdings Partnership Units issued or transferred with respect thereof are subject to the Plan.

• The granting of the Deferred Units evidenced by this Award Agreement shall impose no obligation on the Partnership or any Affiliate to continue the Employment of the Participant and shall not lessen or affect the Partnership’s or its Affiliate’s right to terminate the Employment of such Participant.

More Definitions of Deferred Units

Deferred Units means deferred units of the REIT granted pursuant to the Omnibus Equity Incentive Plan;

Deferred Units means the deferred units granted under the Equity Incentive Plan, as more particularly described under “Executive Compensation – Equity Incentive Plan”.

Deferred Units means that number of deferred units listed in the Award Letter as “Awards Granted,” as the same may be adjusted from time to time in accordance with the terms hereof.

Deferred Units means any SUSA Units which SUSA has, prior to the date hereof, agreed to issue at future dates, in partial consideration for the purchase of properties, as set forth on Schedule 1.37.

Deferred Units means any Deferred Units issued by a subsidiary of the Company and any Class A Units of the Company or other property issued to the holders thereof in settlement thereof.

Deferred Units means the outstanding deferred units of the REIT issued pursuant to the Deferred Unit Plan as of the Effective Time.

Deferred Units means the amount, if any, of additional Units in ER Pipeline to be delivered to NGP as calculated using the Financial Model, but not to exceed the Maximum Deferred Units.