Grant of Bonus Units Sample Clauses

Grant of Bonus Units. If at any time, and from time to time, following the Closing through the New Term Expiration Date (as defined in the Carmike Agreement) Screenvision Exhibition becomes obligated to pay a “Theater Acquisition Bonus” pursuant to the terms of the Carmike Agreement, SV Holdco shall, concurrently with Screenvision Exhibition paying such bonus, issue to the Subscriber, as consideration for services performed and to be performed under the Carmike Agreement and for no additional consideration, a number of additional Class C Common Units of SV Holdco (“Bonus Units,” and together with the Initial Units, the “Securities”) equal to the product of (a) a fraction the numerator of which is the Attendance (as defined in the Carmike Agreement) during the 12-month period immediately preceding the closing date for the acquisition to which such Theater Acquisition Bonus relates at the Additional Theaters (as defined in the Carmike Agreement) acquired in such acquisition (the “LTM Acquired Attendance”) and the denominator of which is (i) the sum of the aggregate Credited Attendance (as defined in the Carmike Agreement) of all Exhibitor Group Companies (as defined in the Carmike Agreement) during the same 12-month period plus (ii) the LTM Acquired Attendance, multiplied by (b) fifty percent (50%), multiplied by (c) 760,000; provided that the maximum number of Bonus Units issuable pursuant to this Section 1.3 shall not exceed 253,334. SV Holdco’s obligation to issue Bonus Units to the Subscriber pursuant to this Section 1.3 shall terminate immediately upon the Subscriber effecting any Transfer (as defined in the LLC Agreement) (other than to a Permitted Transferee, as such terms as defined in the LLC Agreement) of any Class C Common Units issued to the Subscriber pursuant to this Agreement.
Sample 1
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Related to Grant of Bonus Units

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Grant of Deferred Stock Units Effective as of the Grant Date, the Company hereby grants to the Executive Deferred Stock Units. In accepting the award of Deferred Stock Units granted in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. The Company shall cause to be delivered to the Executive in electronic or certificated form any shares of the Common Stock that are to be issued under the terms of this Agreement in exchange for Deferred Stock Units awarded hereby, and such shares of the Common Stock shall be transferable by the Executive as provided herein (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).

  • Grant of Phantom Units The General Partner hereby grants to the Awardee [Number of Units] Phantom Units (the “Award”), subject to all of the terms and conditions set forth in the Plan and this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit represents the right to receive one Unit of the Partnership and/or cash in an amount equal to the Fair Market Value of one Unit (each, a “Phantom Unit”).

  • Grant of Stock Award In accordance with the Plan, and effective as of _________ __, 201_ (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Stock Award of ______ shares of Common Stock (the “Stock Award”).

  • Grant of Stock Appreciation Right Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Recipient a stock appreciation right covering ______ shares of Common Stock (the "SAR"), effective as of the Grant Date.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Appreciation Rights Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.

  • Grant of PSUs For valuable consideration, receipt of which is hereby acknowledged, Hovnanian Enterprises, Inc., a Delaware Corporation (the "Company"), hereby grants the target number (“Target Number”) of performance share units ("PSUs") listed above to the Participant, on the terms and conditions hereinafter set forth. This grant is made pursuant to the terms and conditions of the 2020 Company Second Amended and Restated Stock Incentive Plan (the "Plan"), which Plan, as amended from time to time, is incorporated herein by reference and made a part of this Agreement. The actual number of PSUs, if any, that the Participant will be eligible to earn with respect to this Agreement (the “Earned PSUs”), subject to meeting the applicable service and performance vesting requirements, will equal the Target Number multiplied by the applicable “Performance Multiplier” as defined in Exhibit A hereto. Each Earned PSU represents the unfunded, unsecured right of the Participant to receive a Share on the date(s) specified herein. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

  • 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.

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