Retirement units definition

Retirement units means those items of gas plant which, when retired, with or without replacement, are ac- counted for by crediting the book cost thereof to the gas plant account in which included.

Retirement units means those items of electric plant which, when re- tired, with or without replacement, are accounted for by crediting the book cost thereof to the electric plant ac- count in which included.

Retirement units means those items of utility plant which, when retired, with or without replacement, are accounted for by crediting the book cost to the utility plant account in which it is included.

Examples of Retirement units in a sentence

• In the discretion of the Committee, an Annual Performance Award may be paid in cash, shares of Common Stock, shares of Restricted Stock (subject to the provisions of Section 21 hereof), Retirement Units (subject to the provisions of Sections 23-26 hereof) or any combination thereof.

• Furthermore, the Committee may, in its sole discretion, determine that such Long-Term Performance Award shall be paid in shares of Common Stock or in the form of Retirement Units (subject to the provisions of Sections 23-26 hereof).

• The Committee in its discretion may make appropriate equitable adjustments respecting deferred Stock Awards, Retirement Units, Annual Performance Awards, Long-Term Performance Awards, Performance or Other Awards and outstanding Options to take account of a dividend by the Company of property other than cash.

• Subject to Sections 28 and 29 hereof, the aggregate number of shares of Common Stock for which Stock, Restricted Stock, Retirement Units, Annual Performance Awards, and Performance and Other Awards may be made under the Plan shall not exceed 2,000,000 shares, which shall be treasury shares reserved for issuance of Awards under the Plan.

• Such dollar amount shall thereupon be converted into Retirement Units or fractions of Units and credited to each such Participant's Retirement Unit Account in a number equal to the quotient obtained by dividing such allocated dollar amount by the Fair Market Value of one share of Common Stock as of the date the allocation is made.

More Definitions of Retirement units

Retirement units means those items of property which, when retired, with or without replacement, are ac- counted for by crediting the book cost of the retirement units to the property account in which it is included.

Retirement units means those items of electric plant which, when retired, with or without replacement, are accounted for by crediting the book cost thereof to the electric plant account in which they were included.

Retirement units means villas, apartments and serviced apartments which provide

Retirement units means those items of utility plant which, when retired, with or without replacement, are accounted for by crediting the original costs.

Retirement units means, with respect to any Limited Partner whose Employment terminates due to Retirement, any Units with a Service Vesting Date that would, if the Limited Partner’s Employment were not so terminated, occur within two years after the date of such termination due to Retirement.

Retirement units means those items of utility plant which, when retired, with or without replacement. are accounted for by crediting the book cost thereof to the utility plant

Retirement units means those items of utility plant which, when retired with or without replacement, are accounted for by crediting the book cost thereof to the utility plant account in which included. (See "List of Retirement Units.")