Master LTIP Unit definition

Master LTIP Unit means the “Master LTIP Unit,” granted as of the Listing Date pursuant to the 2018 Advisor OPP Agreement, which represents the Award granted pursuant to the 2018 Advisor OPP Agreement and shall convert automatically on the Effective Date into a number of LTIP Units equal to the LTIP Award Number pursuant to Section 13.01(c)(vi)(2).
Sample 1Sample 2
Master LTIP Unit means Master LTIP Unit, as such term is defined in the Partnership Agreement.
Sample 1Sample 2

Examples of Master LTIP Unit in a sentence

  • On September 30, 2020, the Master LTIP Unit automatically converted into 4,012,841 LTIP Units in accordance with its terms.

  • Initially, the award under the 2020 OPP was in the form of a single Master LTIP Unit.

  • On August 30, 2018, in accordance with the terms of the agreement of limited partnership of the OP (the "Partnership Agreement"), the Master LTIP Unit automatically converted into 4,496,796 units of limited partnership of the OP designated as "LTIP Units" ("LTIP Units"), representing the quotient, rounded down to the nearest whole number, of (a) 72,000,000, divided by (b) the Initial Share Price (as defined in the OPP).

Related to Master LTIP Unit

  • LTIP Unit means a Limited Partnership Interest which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.4 hereof and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth on Exhibit A, as may be amended from time to time.

  • LTIP Units means a Partnership Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in Section 4.6 and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Partners shall be set forth in the Partner Registry, as it may be amended or restated from time to time.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • LTIP Unitholder means a Partner that holds LTIP Units.

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • PSU means Public Sector Undertaking

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Affected unit means a department, shift, or other organizational unit of 2 or more employees that is designated by an employer to participate in a shared-work plan.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Company Restricted Stock Unit means any restricted stock unit award subject to service-based vesting, payable in shares of Company Common Stock or the value of which is determined with reference to the value of shares of Company Common Stock, whether granted under a Company Stock Plan or otherwise.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.