Whole Unit definition

Whole Unit means the aggregate of Stock Units, or portion thereof, constituting one (1) share of Common Stock.
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Whole Unit means a Unit in which all of the Use Weeks are owned by a common Owner or a Unit that is not divided into Timeshare Interests.2. DESCRIPTION OF I.D. NUMBER The owner identification number specifically identifies an Owner and the particular interest such Owner has purchased. A typical Owner Identification number would look as follows: (1) (2) (3) (4) (5) (6) 1000 - B - 1 - 1BR - V1 - A The six components of the identification number are as follows: 1. Owner number = This number is in sequence based upon when an Owner purchased his unit starting with 1000, i.e., the first Owner would be Owner No. 1000 and the tenth Owner to purchase would be 1009. If an existing Owner purchases additional interest(s), his original owner number will be used. 2. This identifies which building the Owner has an interest in. The developer contemplates that there will be nine buildings. The buildings will be identified as A through I. 3. This identifies a particular unit in the building. The developer contemplates eight units in each building. The units will be identified as 1 through 8. 4. This is the type of unit purchased. Currently there are two types: 1BR = One Bedroom and 2BR = Two Bedroom. 5. This is the Season and Week number. The Season would be either a “V” = Value float, “S” = Summer float or “SF” = Summer Fixed. The week number is tied to the Use Week Calendar. The Value Season (float) would be identified as V1 - V23 and V38 - V51. The Summer Season would be identified as S24 - S37 if float, or SF24 -SF37 if fixed. 6. There are three letters that define the type of ownership. A = Annual year purchase; O = Odd year/alternate year purchase; and E = Even year/alternate year purchase. 3. RESERVATIONS SUMMARY Advance reservations are required for Floating Week Owners (Summer Season and Value Season), but are not required for Fixed Week Owners using their fixed weeks or for Whole Unit Owners. Reservation requests are confirmed on a first come, first served basis; therefore, the earlier you make your request, the greater the probability of your specific request being confirmed. Early planning helps not only you, but also your Association in serving your wishes. When reservation requests are received they are date and time stamped. A printed confirmation of your reservation will be mailed to you within three weeks (21 days) of the request’s receipt. If you do not receive your confirmation within four weeks (28 days) from the day your request was submitted, please contact the R...
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Examples of Whole Unit in a sentence

  • Such declaration shall be in terms of the largest whole unit (see Section 6.2. Largest Whole Unit; for small packages, see Section 11.16.

  • SI units may appear first.(Added 1982) (Amended 1990 and 1993) 6.2. Largest Whole Unit.

  • In March 2004, the Board of Directors, upon recommendation of the Compensation Committee, approved a new Whole Trust Unit Incentive Plan (the "Whole Unit Plan") to replace the existing Trust Unit Incentive Rights Plan for new awards granted subsequent to March 31, 2004.

  • SI units may appear first.(Note Added 1982) (Amended 1990 and 1993) 6.2. Largest Whole Unit.

  • The new Whole Unit Plan will result in employees, officers and directors (the "plan participants") receiving cash compensation in relation to the value of a specified number of underlying notional trust units.

  • Compensation expense associated with the Whole Trust Unit Incentive Plan ("the Whole Unit Plan") is granted in the form of Restricted Trust Units ("RTUs") and Performance Trust Units ("PTUs") and is determined based on the intrinsic value of the Whole Trust Units at each period end.

  • The Whole Unit Plan consists of Restricted Trust Units ("RTU's") for which the number of trust units is fixed and will vest over a period of three years and Performance Trust Units ("PTU's") for which the number of trust units is variable and will vest at the end of three years.

  • Compensation expense associated with the Whole Unit Plan is granted in the form of Restricted Trust Units (“RTUs”) and Performance Trust Units (“PTUs”) and is determined based on the intrinsic value of the Whole Trust Units at each period end.

  • In addition, compensation expense is amortized and recognized in earnings over the vesting period of the Whole Unit Plan with a corresponding increase or decrease in liabilities.

  • The intrinsic valuation method is used as participants of the Whole Unit Plan receive a cash payment on a fixed vesting date.

Related to Whole 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.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Class A Unit means a Unit representing a fractional part of the equity interest in the Company having the rights and obligations specified with respect to the Class A Units in this Agreement.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

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

  • Subordinated Unit means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible into a Common Unit shall not constitute a Common Unit until such conversion occurs.

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

  • 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;

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

  • Class C Unit means a Partnership Security representing a fractional part of the Partnership Interests of all Limited Partners and Assignees, and having the rights and obligations specified with respect to the Class C Units in this Agreement. The term “Class C Unit” does not refer to a Common Unit until such Class C Unit has converted into a Common Unit pursuant to the terms hereof.

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

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Unit and “Quality” means the unit and quantity specified in the schedule.

  • Management Unit means an area established by the Commission for management purposes.

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

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • 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.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • 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;

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

  • Class B Share means a Class B ordinary share of a par value of US$0.0001 in the share capital of the Company.

  • 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.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.