Deferred Unit definition
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 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;
Examples of Deferred Unit in a sentence
The Deferred Units and additional Deferred Units are credited to each trustee’s Deferred Unit account and are not issued to the trustee until the trustee elects to withdraw such Units.
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.
Each trustee may elect to withdraw up to 20% of the Deferred Units credited to his Deferred Unit account only once in a five-year period.
Non-executive trustees are entitled to participate in the Deferred Unit Plan described under the heading “Deferred Unit Plan”.
Upon withdrawal, one Unit is issued for each withdrawn Deferred Unit.
More Definitions of Deferred Unit
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;
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 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 vested right to receive Company Stock or cash granted under Section 12(c).