Unit Award Incentive Plan definition

Unit Award Incentive Plan means the unit award incentive plan as described under the heading "Directors and Officers Compensation" in the Information Circular, which is incorporated by reference into this short form prospectus;
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Unit Award Incentive Plan means the unit award incentive plan as described under the heading "Directors and Officers Compensation" in the Information Circular;
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Unit Award Incentive Plan means the unit award incentive plan as described in Appendix "B" to the Information Circular; "United States" or "U.S." means the United States of America; "Unitholders" means the holders from time to time of Trust Units;
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Examples of Unit Award Incentive Plan in a sentence

  • The Trust has a Unit Award Incentive Plan for directors, officers, employees and consultants of the Trust.

  • Under the Unit Award Incentive Plan participants have the option upon exercise to receive a cash payment or Trust Unit equivalent, equal to the value of awards outstanding, which is equivalent to the market value of the Units.

  • Long-Term Share Unit Award Incentive Plan (Cash-Settled)Pembina has a long-term share unit award incentive plan.

  • The following table summarizes information about the Trust Unit Award Incentive Plan: Number of AwardsBalance December 31, 20071,102,495Granted533,493Vested(407,113)Cancelled(20,620)Balance December 31, 20081,208,255 Compensation expense of $17.8 million was recorded during the year ended December 31, 2008 (2007 - $12.1 million) related to the Trust Unit Award Incentive Plan.

  • The intrinsic value is the difference between the market value of the Units and the exercise price of the right in the case of the Trust Unit Incentive Plan, and in the case of the Unit Award Incentive Plan the market value of the Units represents the intrinsic value of the Award.

  • Phantom Award Incentive PlanIn September 2006, the Board of Directors approved a new long-term incentive plan for certain employees not eligible to participate in the Trust Unit Award Incentive Plan which provides for cash payments based on the market value of a trust unit.

  • After receiving securityholder approval, the Trust Unit Award Incentive Plan (the “TAP plan”) was replaced by the Vermilion Incentive Plan (the “VIP plan”) and grantees received one VIP plan award for each TAP plan award held.

  • Trust Unit Award Incentive Plan The following table summarizes information about the Trust Unit Award Incentive Plan: Number of AwardsBalance as at December 31, 20091,417,314Granted-Vested(405,436)Forfeited(1,285)Balance as at March 31, 20101,010,593 Compensation expense of $4.3 million has been recorded for the three month period ended March 31, 2010 (2009 - $3.7 million) related to the Trust Unit Award Incentive Plan.

  • UNIT COMPENSATION PLANS (Continued) Trust Unit Award Incentive PlanIn 2005, the Board of Directors established the Trust Unit Award Incentive Plan governing the issuance of unvested units of the Trust to directors, officers, employees and consultants of the Trust and its Affiliates.

  • Contributed surplus reflects the accumulated unit-based compensation charge in respect of Viking's unexercised Trust Unit Options granted after December 31, 2002 and its awards of Performance Units and Restricted Units under its Unit Award Incentive Plan.


More Definitions of Unit Award Incentive Plan

Unit Award Incentive Plan means the unit award incentive plan as described in Appendix "B" to the Information Circular;
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Unit Award Incentive Plan means the unit award incentive plan of the Trust;
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Unit Award Incentive Plan means the unit award incentive plan of Harvest;
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Related to Unit Award Incentive Plan

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

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

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Performance Share Unit or “PSU” 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 6;