Distribution Equivalent definition

Distribution Equivalent means an amount determined by multiplying the number of Common Units subject to Phantom Units by the per-Common Unit cash distribution, or the per-Common Unit fair market value of any distribution in consideration other than cash, paid by APLP on its Common Units.

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Distribution Equivalent means a right, granted pursuant to the Plan, to be paid an amount determined with respect to the distributions declared and paid with respect to outstanding Shares or LTIP Units, as specified in, and pursuant to the terms of, an applicable Award Document.

Distribution Equivalent means a bookkeeping entry whereby each RTU is credited with the equivalent amount of the distribution paid on a Unit in accordance with section 4.3 or 5.3, as applicable;

Examples of Distribution Equivalent in a sentence

• Upon payment of any Unvested Distribution Equivalent Payment, the amount credited to the Notional Account shall be reduced thereby.

• The reference to the cash value of such distributions is used herein solely to calculate the cash payout, if any, to be awarded in respect of such Distribution Equivalent Rights and does not create any separate rights with respect to the Distribution Equivalent Rights.

• Upon each Vesting Date, Distribution Equivalent Rights on all vested Phantom Units, with no interest thereon, shall become payable to the Grantee in accordance with Section 5 hereof.

• The Partnership hereby grants to the Grantee, and the Grantee hereby accepts from the Partnership, one Distribution Equivalent Right for each Phantom Unit granted herein equal to the cash value of all distributions declared and paid by the Partnership on Units from the Grant Date to and including the Vesting Date.

• The payment of Distribution Equivalent Rights will be deferred until and conditioned upon the underlying Phantom Units becoming vested pursuant to Section 2 or 3 hereof.

More Definitions of Distribution Equivalent

Distribution Equivalent means a right to receive the equivalent value (in cash or Units) of distributions made in respect of Units, awarded under Section 10(b).

Distribution Equivalent means an amount calculated with respect to a Grant, which is determined by multiplying the number of Common Units subject to the Grant by the per-Common Unit cash distribution, or the per-Common Unit fair market value (as determined by the Committee) of any distribution in consideration other than cash, paid by APLP on its Common Units. If interest is credited on accumulated distribution equivalents, the term “Distribution Equivalent” shall include the accrued interest.

Distribution Equivalent means an amount calculated with respect to a Phantom Unit, which is determined by multiplying the number of Units subject to the Phantom Unit by the per-Unit cash distribution, or the per-Unit fair market value (as determined by the Committee) of any distribution in consideration other than cash, paid by APL on its Units. If interest is credited on accumulated distribution equivalents, the term “Distribution Equivalent” shall include the accrued interest.

Distribution Equivalent means, for each calendar quarter while any portion of the Initial Purchase Price remains outstanding, an amount equal to (1) 1% for each $100,000 (or, for any increment that is less than $100,000, the percentage represented by the percentage such increment is of $100,000 – e.g., if there is an increment of $50,000, the percentage would be 0.5%) of then-unpaid Initial Purchase Price multiplied by (2) the aggregate amount of available cash the Company distributed to its members in such calendar quarter pursuant to Section 6.01(a) of the Operating Agreement.

Distribution Equivalent means any right granted pursuant to Section 15.9.

Distribution Equivalent means any right granted pursuant to Section 13(h) hereof.

Distribution Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends or distributions paid on Shares, awarded under Section 8.2 hereof.