Award Unit definition

Award Unit means the unit opportunity determined under Section 3.3 of the Plan.

Award Unit means a bookkeeping measure used in calculating quarterly and annual awards under the Plan.

Award Unit means a measure of value fixed by the Committee with respect to each Performance Period whose value will be based upon the extent to which the Performance Goal set by the Committee for the Performance Period has been achieved.

Examples of Award Unit in a sentence

• Contacts are: Maria Tamarkin, Construction Letting & Award Unit, (518) 457-8403; the Assistant Director/Director, Contract Management Bureau, (518) 457-2124.

• Each Award Unit shall represent the Holder’s right to receive one share of the Company’s Common Stock if and to the extent that such Award Unit becomes vested pursuant to the terms and conditions of this Agreement and the Plan.

• Each Value Management Award Unit shall have a face value of $100.

• The number of additional award units to be received as dividend equivalents for each Award Unit shall be determined by dividing the cash dividend per share by the Fair Market Value of one share of Common Stock on the dividend or distribution payment date.

• Each Vested Award Unit will be paid to the Grantee in one share of Common Stock, provided that the Company will have no obligation to issue shares of Common Stock pursuant to this Agreement unless and until the Grantee has satisfied any applicable tax obligations pursuant to Article 9 below and such issuance otherwise complies with all applicable law.

More Definitions of Award Unit

Award Unit means one of the equal, undivided interests in the RSU Pool, and shall initially mean one of the One Hundred Seventy-Five Thousand (175,000) such aggregate interests.

Award Unit means each restricted unit relating to Common Units granted pursuant to an Accelerated Common Unit Award Agreement.

Award Unit. Each Award Unit shall be subject to the terms of the agreement between the Partnership and the Service Partner that provides for the issuance and terms of such Award Unit (or its predecessor Original Unit) (the “Award Letter”). An Award Unit may be issued subject to vesting. As of any particular date, an Award Unit that is unvested by the terms of the governing Award Letter is an “Unvested Unit” for purposes of this Agreement. A previously Unvested Unit that has vested by the terms of the governing Award Letter is a “Vested Unit” and is no longer an Unvested Unit. Subject to any other terms or conditions set forth herein or that may be set forth in an Award Letter, Vested Units are identical to each other and to other Units. Any granting of an Award Unit will be subject to compliance with any applicable requirements of any stock exchange or marketplace on which the Class A Common Stock is then listed and any other requirements under Applicable Law. For purposes of this Agreement, Award Units that are Unvested Units (other than any such Unvested Unit the predecessor Original Unit of which was designated as a profits interests on original issuance (collectively, the “Specified Unvested Units”)) will not be considered in determining the total number of outstanding Units, except to the extent otherwise determined by the General Partner.

Award Unit means a unit which is granted to a Participant pursuant to, and with such restrictions as are imposed by, the terms of this Plan and any applicable Guidelines.

Award Unit means one of the equal, undivided interests in the RSU Pool, and shall initially mean one of the Nine Hundred Fifty-Three Thousand Four Hundred Fifteen (953,415) such aggregate interests.

Award Unit means one of the equal, undivided interests in the Award Pool, and shall initially mean one of the nine million (9,000,000) such aggregate interests.

Award Unit means Class B Units granted by the Company under an Award Agreement.