Employee Unit definition

Employee Unit means a Dwelling Unit designated as an employee unit in accordance with Part II herein to be used, occupied and Disposed of in accordance with this Agreement;

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Employee Unit means any Bonus Pool Unit that is held by an Employee Member or a permitted transferee thereof (other than Managing Member or any other subsidiary of the Company).

Employee Unit means a Dwelling Unit that is used and occupied as the permanent residence of at least one Employee or Retiree;

Examples of Employee Unit in a sentence

• If the Owner of an Employee Unit cannot comply with the occupancy requirements of this Agreement in relation to the Employee Unit for reasons of hardship, the Owner may request in writing that the Municipality alter the Owner’s obligations under this Agreement with respect to the Employee Unit, but no such request may be made later than 30 days after the Municipality has delivered to the Owner a notice of breach of this Agreement.

• Each Employee Unit may only be used and occupied as a permanent primary residence, occupied by an Employee or Retiree.

• For clarity, no person may occupy an Employee Unit except for an Employee or a Retiree and that individual’s relations and spouse as permitted under the next following section.

• An Employee Unit may not be sold or otherwise transferred for a sale price that exceeds the Maximum Price for the Employee Unit.

• The number of individuals occupying an Employee Unit shall not exceed the number of individuals the Municipality’s Building Inspector determines may reside in the Employee Unit given the number and size of bedrooms in the Employee Unit and any applicable standards and requirements contained in any bylaws of the Municipality.

More Definitions of Employee Unit

Employee Unit means the residential dwelling unit located on or comprising the Land, whether that dwelling unit is an entire building or part of a building, and whether or not it is a strata lot.

Employee Unit means a Dwelling Unit used and occupied pursuant to a Tenancy Agreement (hereinafter defined) and only by a person who is: i. an Employee; ii. living with an Employee and related to such Employee by blood, marriage, or adoption, or iii. cohabitating with an Employee in spousal relationship;

Employee Unit means the residential dwelling unit located on or comprising the Land, except that if the Land as described on the date the Housing Agreement was first registered in the LTO has not been subdivided, then “Employee Unit” means that parcel of land, including any improvements;

Employee Unit means a Unit set aside by Project management as a Residential Rental Unit for a manager, or a maintenance person, and/or a security officer (see Arizona Department of Housing LIHTC Compliance Manual, Section 3.2.1.). The ADOH will consider Residential Rental Units as Low-Income Units. Industry standards indicate that one manager’s unit and one maintenance person’s unit are needed per one hundred Units. One security officer’s Unit per Project is allowed if management can show that the Unit is reasonably required. Project management, in its discretion, may designate such units for employees or return them to service as Low-Income Units as circumstances dictate. In accordance with IRS Revenue Ruling 92-61, while these units are Employee Units they will be included in the eligible basis of the building but will be excluded from both the numerator and the denominator of the applicable fraction. In mixed-income properties, the ADOH will assume that any Employee Units are taken from the low-income rather than the market-rate side.

Employee Unit means an appropriate group of employees for the

Employee Unit means a Unit set aside by project management as a Residential Rental Unit for a manager, or a maintenance person, and/or a security officer (see Arizona Department of Housing LIHTC Compliance Manual, Section 3.2.1.). ADOH considers Residential Rental Units as Low‐Income Units. Industry standards indicate that one manager’s Unit and one maintenance person’s Unit are needed per one hundred units. One security officer’s Unit per project is allowed if management can show that the Unit is reasonably required. Project management, in its discretion, may designate such units for employees or return them to service as Low‐Income Units as circumstances dictate. In accordance with IRS Revenue Ruling 92‐61, while these units are employee units they shall be included in the eligible basis of the building but shall be excluded from both the numerator and the denominator of the applicable fraction. In mixed‐income properties, ADOH assumes that any employee units are taken from the low‐income rather than the market‐rate side.

Employee Unit means a Dwelling Unit designated as an employee unit in accordance with the Housing Agreement to be used, occupied and Disposed of in accordance with the Housing Agreement;