Initial Unit Allocation definition
Initial Unit Allocation means the maximum number of Deferred Equity Units available for acquisition by a Participant, as determined by the Committee at the time an Eligible Employee becomes a Participant in accordance with Article II.
Initial Unit Allocation has the meaning given in the Plan.
Initial Unit Allocation means the maximum number of Deferred Equity Units available for acquisition by a Participant, as determined by
Examples of Initial Unit Allocation in a sentence
Initial Unit Allocation: MEMBER ONE: 500 (Five Hundred) VOTING Units (50% Ownership) MEMBER TWO: 500 (Five Hundred) VOTING Units (50% Ownership) Unallocated: 500 (Five Hundred) VOTING Units Unallocated: 1500 (One Thousand Five Hundred) NON-VOTING Units (c) Each Member’s holdings of Units shall be evidenced by this agreement and may additionally be a certificate in the form approved by the Manager.