Common use of Distributions on Units Clause in Contracts

Distributions on Units. Any quarterly or special distribution paid with respect to Units credited to you shall also be credited to you and shall be converted into additional Units at such intervals as may be established by the Committee, but in any event no less frequently than annually. The price per Unit used for such conversion shall be based on:

Appears in 4 contracts

Samples: Deferral Agreement (Alliance Capital Management L P), Deferral Agreement (Alliance Capital Management L P), Deferral Agreement (Alliance Capital Management Holding Lp)

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