Examples of Incentive Unit Plan in a sentence
The Incentive Units will be subject to the terms and conditions of the LLC Agreement, the Pluralsight Holdings, LLC Incentive Unit Plan dated as of May 24, 2013, as amended, modified, or supplemented from time to time, and an Incentive Unit Offer Letter between you and the Company (the “Offer Letter”).
For the three and nine months ended September 30, 2022, included in the determination of diluted FFO and AFFO with respect to H&R’s Incentive Unit Plan are 1,016,994 Units.
The CG&N Committee has granted RSUs under the REIT’s existing Incentive Unit Plan which represent the right to receive, at the discretion of the Board, either Units (including accrued distribution equivalents) or a cash payment having an equivalent market value to the Units subject to the award when such RSUs vest at the end of the third calendar year following the grant.
A description of the terms of the Incentive Unit Plan can be found in Schedule B to this Circular.
As of December 31, 2021, 222,070 Units had been issued pursuant to the Incentive Unit Plan (0.08% of the Units outstanding as of that date), 284,858 Units were issuable upon vesting of PSUs granted but not yet vested (0.10% of the issued and outstanding Units issued and outstanding as of that date) assuming vesting at 100% and 1,308,920 Units were issuable upon vesting of RSUs granted but not yet vested (0.45% of the issued and outstanding Units issued and outstanding as of that date).
As at September 30, 2022, the maximum number of incentive units authorized to be granted under H&R’s Incentive Unit Plan was 5,000,000.
For the three and six months ended June 30, 2022, included in the determination of diluted FFO and AFFO with respect to H&R’s Incentive Unit Plan are 845,906 Units.
The relative rights, powers, preferences and obligations of the Units shall be as set forth herein and, with respect to the Class B Incentive Units, as also set forth in the Incentive Unit Plan and the Award Agreements pursuant to which such Class B Incentive Units have been issued and, with respect to any class or series of Units hereafter authorized and issued in accordance with this Agreement, in the Supplemental Terms adopted in accordance with this Agreement at the time of issuance of such Units.
The Incentive Unit Plan was amended to give effect to this adjustment.
Such Employee Accounts shall consist of separate sub-accounts for the Employee’s Transferred Balance from the Ingersoll-Rand Company Management Incentive Unit Plan, if any, Transferred Balance from the Trane, Inc.