Equity Participation Unit definition

Equity Participation Unit means a phantom (notional) unit granted under the Plan which entitles the Participant to receive, in the discretion of the Committee, a Unit or an amount of cash equal to the Fair Market Value of a Unit.
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Examples of Equity Participation Unit in a sentence

  • Upon delivery of a Unit in respect of an Equity Participation Unit, such Equity Participation Unit shall cease to be outstanding in the Participant's notional account described in Section 4.

  • This Agreement, and the Equity Participation Unit Award Agreement dated as of the date hereof constitute the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement, including without limitation the document reflecting Approved Employment Terms dated September 8, 2018, summarizing the terms of the Executive’s employment.

  • Each Equity Participation Unit of Harvest States issued and outstanding or otherwise standing on the books of Harvest States immediately prior to the Effective Time, including without limitation all Wheat Milling EPUs and all Oilseed Processing & Refining EPUs, shall continue to be issued and outstanding Equity Participation Units of Cenex Harvest States Cooperatives, at their stated dollar amount on a dollar-for-dollar basis, along with the other terms and conditions of the original issuance.

  • Each Equity Participation Unit of CHSC issued and outstanding or otherwise standing on the books of CHSC immediately prior to the Effective Time, including without limitation all Wheat Milling EPUs and all Oilseed Processing & Refining EPUs, shall be redeemed and canceled in a manner consistent with the terms and conditions of the original issuance.