Bonus Units Sample Clauses

Bonus Units. The Management Company may decide to distribute, wholly or in part, the distributable income in the form of stock dividend (which would comprise of the Bonus Units of the Trust) if it is in the interest of Unit Holders. After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company shall, under intimation to the Trustee, issue additional Units issued in the name of the Unit Holders as per the bonus ratio. The Bonus Units would rank pari passu as to their rights in the Net Assets, earnings and receipt of dividend and distribution with the existing Units from the date of issue of these Bonus Units. The account statement or Unit Certificate shall be dispatched to the Unit Holder within fifteen days of the issue of Bonus Units.
Sample 1
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Bonus Units. Blockbuster and WHV shall * of Bonus Units by the end of the Picture Term for each Rental Picture, with *. To the extent any Bonus Unit is * WHV * within * after the end of the applicable Picture Term, which * shall not be recoupable.*
Sample 1
Bonus Units. As additional consideration for the services the Executive will render under this Agreement, on the effective date of this Agreement, the Company will award the Executive 75,000 common units ("Bonus Units") of Quest Midstream, L.P. (the "MLP"), to be issued and to vest in accordance with the following schedule: (1) the later to occur of a Liquidity Event or one year of employment -25,000 Bonus Units; (2) the later to occur of a Liquidity Event or two years of employment -25,000 Bonus Units; and (3) the later to occur of a Liquidity Event or three years of employment -25,000 Bonus Units. Notwithstanding the foregoing vesting schedule, the Company shall also pay Executive, at the same time as any distributions are paid on the common units of the MLP, an amount equal to the distribution that would have been paid on any unvested (and unforfeited) Bonus Units if such Bonus Units had been vested and issued. If Executive's employment is terminated without Good Cause (as defined in Section 5.2(e) below) or if Executive terminates his employment with Good Reason (as defined in Section 5.2(f), all Bonus Units not vested at the time of such termination shall issue and vest as if no termination had occurred (subject to the possible six-month distribution time limitation set forth in this Section below). If Executive's employment terminates for any other reason prior to such time that the Bonus Units are fully vested, any non-vested Bonus Units shall be forfeited. Except as set forth herein, the Bonus Units shall be subject to the terms and conditions of any plan or program adopted by the company with respect to common units of the MLP.
Sample 1
Bonus Units additional units that are issued against re-investment of dividend;
Sample 1
Bonus Units. As soon as practicable after the Company has sold (and received payment for) five hundred thousand (500,000) cases of the Product in the Territory to purchasers introduced to the Company by Consultant, the Company shall issue a cause the issuance of two hundred thousand (200,000) additional Units in the Company (the “Bonus Units”). The Bonus Units issued to the Consultant shall have the status of “restricted” securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. The Bonus Units, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances.
Sample 1
Bonus Units. Bonus Units subject to awards granted under the Company's Bonus Plan (Stock plus Cash) (the "Stock Plus Cash Plan"), in accordance with the terms of such Plan as in effect on the date hereof (but subject to the terms of any Executive Severance Agreement with the holder of such a Bonus Unit as in effect on the date hereof), shall, as of the Effective Time, be converted into Bonus Units relating to Tyco Common Shares. The number of Tyco Common Shares to be issued in respect of each such award of Bonus Units shall be the result obtained by (A) calculating the excess, if any, of (1) the "Market Value" (as defined in the Stock Plus Cash Plan) or the "Fair Market Value" (as defined in Section 2(a) of the Executive Severance Agreement with the Company), as applicable to the particular holder (the applicable value being referred to as the "Market Price") over (2) the per Bonus Unit Designated Value (as defined in the Stock Plus Cash Plan) of such award; (B) multiplying the result obtained pursuant to clause (A) by the number of Bonus Units subject to such award; (C) dividing the product obtained pursuant to clause (B) by the Market Price; and (D) multiplying the quotient obtained pursuant to clause (C) by the Exchange Ratio. The Tyco Common Shares so determined shall be issued on the date or dates set forth under the terms of the agreement evidencing the award of Bonus Units, subject to the terms of the applicable Executive Severance Agreement as in effect on the date hereof. In addition, the Cash Bonus (as defined in the Stock Plus Cash Plan) in respect thereof shall be paid in accordance with the terms of such Plan as in effect of the date hereof, subject to the terms of the applicable Executive Severance Agreement as in effect on the date hereof. Bonus Units subject to awards granted under the 1993 Plan shall be payable as of the Effective Time in accordance with the terms of such Plan as in effect on the date hereof, in a number of Tyco Common Shares calculated as follows: the number of Tyco Common Shares to be issued as of such date shall be the result obtained by (A) calculating the excess, if any, of (1) the "Fair Market Value" (as defined in the 1993 Plan) or the "Fair Market Value" (as defined in Section 2(a)) of the Executive Severance Agreement with the Company), as applicable to the particular holder (the applicable value being referred to as the "Market Price") over (2) the per Bonus Unit Designated Value (as defined in the 1993 Plan) of such award; (...
Sample 1
Bonus Units. On the Effective Date, the Company shall grant Executive 150,000 fully-vested Class B Units (the "Bonus Units"). The Company shall reimburse Executive for (i) up to an aggregate maximum amount of $55,000, any federal or state income taxes actually incurred by Executive as a result of the Company’s grant to Executive of the Bonus Units pursuant to the immediately preceding sentence and (ii) any federal or state income taxes actually incurred by Executive as a result of any reimbursements made pursuant to the immediately preceding clause (i) and this clause (ii).
Sample 1
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Related to Bonus Units

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • No Bonus Shares 14 5.6 Subsidiaries....................................................14 5.7

  • Restricted Stock Units Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee restricted stock units (the “Restricted Stock Units”) as of the Grant Date. Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit becomes vested and non-forfeitable in accordance with Section 2 or Section 3 of this Agreement. The Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units or the Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units become vested and non-forfeitable and such Shares are delivered to the Grantee in accordance with Section 4 of this Agreement. The Grantee is required to pay no cash consideration for the grant of the Restricted Stock Units. The Grantee acknowledges and agrees that (i) the Restricted Stock Units and related rights are nontransferable as provided in Section 5 of this Agreement, (ii) the Restricted Stock Units are subject to forfeiture in the event the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director terminates in certain circumstances, as specified in Section 6 of this Agreement, (iii) sales of Shares of Common Stock delivered in settlement of the Restricted Stock Units will be subject to the Company’s policies regulating trading by Employees and Consultants, including any applicable “blackout” or other designated periods in which sales of Shares are not permitted, (iv) Shares delivered in settlement will be subject to any recoupment or “clawback” policy of the Company, regardless of whether such recoupment or “clawback” policy is applied with prospective or retroactive effect, and (v) any entitlement to dividend equivalents will be in accordance with Section 7 of this Agreement. The extent to which the Grantee’s rights and interest in the Restricted Stock Units becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents: (A) any provisions in such Original RSU Award Documents relating to disability shall not be applicable to any such Continuing Stock Units after the Termination Date; and (B) in the event of Executive’s death after the Termination Date but prior to the Scheduled Expiration Date, the terms and provisions of the Original RSU Award Documents shall be interpreted and applied in the same manner with respect to such Continuing Stock Units as if Executive were an active employee on the date of Executive’s death. (C) to the extent that, under the Company’s compensation practices and policies, any tranche of Continuing Stock Units is subject to the achievement of performance conditions which were imposed solely because Executive was an executive officer of the Company who could have been a covered employee within the meaning of Section 162(m) at the time payment in respect of such award was expected to be made (the “Applicable 162(m) Criteria”) and such Applicable 162(m) Criteria relate, in whole or in part, to any performance period continuing after the end of the Company’s fiscal year in which the Termination Date occurs, such Applicable 162(m) Criteria shall be waived as of the Termination Date with respect to such tranche of the Continuing Stock Units; provided, however, that this Paragraph 5(d)(iii)(C) shall not be applicable if and to the extent, in the reasonable opinion of tax counsel to the Company, the presence of such provision would cause any stock units intended to be qualified as other performance based compensation within the meaning of Section 162(m) of the Code to fail to be so qualified at any time prior to Executive’s Termination Date.

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