Distribution Equivalent means an amount determined by multiplying the number of Common Units subject to Phantom Units by the per-Common Unit cash distribution, or the per-Common Unit fair market value of any distribution in consideration other than cash, paid by APLP on its Common Units.
Distribution Equivalent means a right, granted pursuant to the Plan, to be paid an amount determined with respect to the distributions declared and paid with respect to outstanding Shares or LTIP Units, as specified in, and pursuant to the terms of, an applicable Award Document.
Distribution Equivalent means a bookkeeping entry whereby each RTU is credited with the equivalent amount of the distribution paid on a Unit in accordance with section 4.3 or 5.3, as applicable;
Examples of Distribution Equivalent in a sentence
The Subject Award granted hereunder includes a tandem award of Distribution Equivalent Rights with respect to each Restricted Incentive Unit that shall entitle Participant to receive cash payments equal to the cash distributions made by the Company (on a per Unit basis) in respect of its outstanding Units generally (“General Distributions”), as further described in this Section 5.
Participant shall pay to the Company or its Affiliates, or make arrangements satisfactory to the Company or its Affiliates regarding payment of, any such withholding with respect to (A) Distribution Equivalent Payments, and (B) the Restricted Incentive Units.
More Definitions of Distribution Equivalent
Distribution Equivalent means an amount calculated with respect to a Grant, which is determined by multiplying the number of Common Units subject to the Grant by the per-Common Unit cash distribution, or the per-Common Unit fair market value (as determined by the Committee) of any distribution in consideration other than cash, paid by APLP on its Common Units. If interest is credited on accumulated distribution equivalents, the term “Distribution Equivalent” shall include the accrued interest.
Distribution Equivalent means a right to receive the equivalent value (in cash or Units) of distributions made in respect of Units, awarded under Section 10(b).
Distribution Equivalent means a right, granted pursuant to the Equity Incentive Plan, to be paid an amount determined with respect to the distributions declared and paid with respect to outstanding Restricted Share Units.
Distribution Equivalent means, for each calendar quarter while any portion of the Initial Purchase Price remains outstanding, an amount equal to (1) 1% for each $100,000 (or, for any increment that is less than $100,000, the percentage represented by the percentage such increment is of $100,000 – e.g., if there is an increment of $50,000, the percentage would be 0.5%) of then-unpaid Initial Purchase Price multiplied by (2) the aggregate amount of available cash the Company distributed to its members in such calendar quarter pursuant to Section 6.01(a) of the Operating Agreement.
Distribution Equivalent means any right granted pursuant to Section 15.9.
Distribution Equivalent means an amount calculated with respect to a Phantom Unit, which is determined by multiplying the number of Units subject to the Phantom Unit by the per-Unit cash distribution, or the per-Unit fair market value (as determined by the Committee) of any distribution in consideration other than cash, paid by APL on its Units. If interest is credited on accumulated distribution equivalents, the term “Distribution Equivalent” shall include the accrued interest.
Distribution Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends or distributions paid on Shares, awarded under Section 9.2 hereof.