Bonus Unit definition

Bonus Unit means and includes, where the context so requires, a unit issued as fully paid up bonus unit by capitalising a part of the amount standing to the credit of the account of the reserves formed or otherwise in respect of this scheme.

Bonus Unit means a potential cash award whose amount is based upon specified measurement criteria. The term bonus unit includes, but is not limited to, earnings bonus units.

Bonus Unit means an award granted under this Program to receive from the Corporation an amount of cash or other consideration not to exceed the maximum settlement value and based upon a measurement for valuation as specified by the grant. The term bonus unit includes, but is not limited to, earnings bonus units.

Examples of Bonus Unit in a sentence

• In 2007 the Trust instituted a Deferred Signing Bonus Unit Plan for its Chief Executive Officer.

• The Accelerated Bonus shall be an amount equal to (i) the Vested Percentage determined in accordance with Section 3 hereof, multiplied by (ii) the Executive's Bonus Units as set forth in Section 5(b) hereof with the product so obtained multiplied by the Per Bonus Unit Price as hereinafter defined.

• The "Per Bonus Unit Price" shall mean an amount equal to the fair market value (as determined by an appraiser, selected by the Board, who is a member of a nationally recognized investment banking firm) of one share of AQM Common Stock, determined on a fully diluted basis and on the assumption that the total 231,216 Bonus Units awarded to all AQM directors and officers were actual issued and outstanding shares of AQM Common Stock.

• Up to 1,500,000 units may be granted under the 1997 Bonus Unit Plan.

• A cash settled Deferred Signing Bonus Unit Plan has been established for the Chief Executive Officer.

More Definitions of Bonus Unit

Bonus Unit means an Award granted pursuant to Section 6(d).

Bonus Unit means an Award granted pursuant to Section 6(d) of the Plan.

Bonus Unit means an Award granted pursuant to this Plan, the value of which on any given date shall equal the Fair Market Value of one Share as of such date.

Bonus Unit means a device used solely for determining bonuses to be paid out under this Plan.

Bonus Unit means a bookkeeping entry on a Participant’s Account corresponding to an Option held by the Participant.

Bonus Unit means a Unit issued pursuant to clause 9.3.

Bonus Unit means the Units issued instead of cash dividend on distribution of the distributable income.