Examples of Unit Option Plan in a sentence
In August 1998, the Partnership adopted the 1998 Unit Option Plan for Non-Employee Directors, or the Director Plan, to provide the General Partner with the ability to issue unit options to attract and retain the services of knowledgeable directors.
Effective as of today, , , the undersigned (“Optionee”) hereby elects to exercise Optionee’s option to purchase common units (the “Units”) of Gigamon LLC (the “Company”) under and pursuant to the 2012 Unit Option Plan (the “Plan”) and the Unit Option Agreement dated , (the “Option Agreement”).
Other We have reflected the issuance of our restricted units to non-employee directors of our Board of Directors under the 1998 Unit Option Plan for Non-Employee Directors as deferred compensation and as an increase in common units.
Upon approval of any Unit Option Plan, the Governance Committee may, upon receiving authority from the Trustees, recommend to the Trustees the granting of options upon the terms and subject to the conditions set forth in such plan.
The Unit Option Plan under our Long-Term Incentive Plan currently permits the grant of options covering common units.