Notional Unit definition

Notional Unit means a Performance Award granted pursuant to the Plan which entitles the Grantee to the opportunity to be receive Restricted Shares on or after the Share Issuance Date as set forth herein.
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Notional Unit means a notional Unit granted under the Plan that, upon vesting, entitles the Participant to receive a Unit or an amount of cash equal to the Fair Market Value of a Unit. Whether cash or Units are received for Notional Units shall be determined in the sole discretion of the Committee and shall be set forth in the Award Agreement.
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Notional Unit means a Performance Award granted pursuant to the Plan which entitles the Grantee the opportunity to receive Common Shares on or after the Share Issuance Dates as set forth herein.
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Examples of Notional Unit in a sentence

  • The individual Notional Unit holding can be separately identifiable under the Trust Plan record on the Metis administration system.

  • Notional Unit Award Agreement between the Company and certain Officers.

  • The individual Notional Unit holding can be separately identifiable under the Plan record on the Metis administration system.

  • Upon or as soon as reasonably practical following the vesting of each Notional Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to receive from the Partnership one Unit or cash equal to the Fair Market Value of a Unit, as determined by the Committee, in its discretion, along with accumulated DERs with respect thereto.

  • The individual Notional Unit holding can be separately identifiable under the Plan record on Metis administration system.

  • Upon vesting of a Notional Unit, other than with respect to accumulated amounts to be paid up through the date of such vesting, all DERs associated with such Notional Unit shall automatically expire for no consideration.

  • Your individual Notional Unit holding can be separately identifiable under the Plan record on Metis administration system.

  • Each Notional Unit will be the equivalent of one notional membership unit of TJ Chemical.

  • Notwithstanding anything to the contrary contained herein, the Lenders and the Agent agree to make reasonable efforts to coordinate each of the foregoing visits and inspections through the Agent.

  • Your individual Notional Unit holding can be separately identifiable under your Plan record on the Metis administration system.

Related to Notional Unit

  • Distribution Equivalent Right means an Award granted under Article XIII of the Plan which entitles the Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.