Deferred Unit definition

Deferred Unit means a contractual right representing a notional unit equivalent in value to a Unit, credited by means of a bookkeeping entry in the books of the REIT in accordance with Article 6 and for clarity includes an entry in respect of both Participant Contributed Deferred Units and REIT Contributed Deferred Units, if any;

Deferred Unit means a bookkeeping entry, equivalent in value to a Unit, credited to a Participant’s Deferred Unit Account in accordance with the terms and conditions of the Plan;

Deferred Unit or “DU” means a contractual promise to issue Units and/or cash in an amount equal to the fair market value of the Units subject to the Award, at a specified future date (as determined at the time of distribution) in accordance with the Equity Incentive Plan;

Examples of Deferred Unit in a sentence

• Each Deferred Unit represents the unfunded, unsecured right of the Participant to receive a Blackstone Holdings Partnership Unit on the delivery date(s) specified in Section 4 hereof.

• You shall have no other dividend equivalent, dividend or voting rights with respect to any Deferred Unit.

• The Company has an Independent Directors Deferred Unit plan (“DU Plan”) under which DU’s are granted by the Board from time to time to independent directors (“the Participants”).

• Deferred Unit Award shall be settled in shares of --------------- Stock, in a single installment or installments.

• Award or Awards, except when referring to a particular category of ----- ------ grant under the Plan, shall include Options, Share Awards, Restricted Unit Awards, Deferred Unit Awards, or awards of Dividend Equivalent Rights.

More Definitions of Deferred Unit

Deferred Unit means an award denominated in units, granted pursuant to Section 10.1, where each unit is equal in value to one Share.

Deferred Unit means a bookkeeping entry representing the equivalent of one (1) Unit awarded to a Grantee pursuant to Section 10 that (a) is not subject to vesting, or (b) is subject to time-based vesting, but not to performance-based vesting.

Deferred Unit means a unit representing ML & Co.'s obligation to pay an amount in cash equal to the value of one share of Common Stock in accordance with the terms of the Plan.

Deferred Unit means a contractual obligation of the Company to deliver a Share pursuant to Section 8, subject to availability pursuant to Section 4.1.

Deferred Unit means a bookkeeping entry, equivalent in value to a Unit, and recorded in accordance with the terms and conditions of the Deferred Unit Plan and for greater certainty consists of both Granted DUs and Elected DUs (each as defined below).

Deferred Unit means a deferred Class A Unit of the REIT issued pursuant to the deferred unit plan adopted by the REIT effective as of January 1, 2017.

Deferred Unit means a Unit issuable as a distribution under the Plan that has yet to be issued because a Deferral Election was made with respect to such Unit. A Deferred Unit shall retain its status as such until such Unit is issued by the Company upon the written request of the holder of the corresponding Deferred Unit Right.