Earned LTIP Units definition

Earned LTIP Units means the number of Award LTIP Units that are determined by the Committee to have been earned pursuant to an Award Agreement.

Earned LTIP Units means those Award LTIP Units that have been determined by the Committee to have been earned on the Valuation Date based on the extent to which the Absolute TSR Goal and the Relative TSR Goals have been achieved as set forth in Section 3(c) or have otherwise been earned under Section 4.

Earned LTIP Units means the number of Award LTIP Units that are determined by

Examples of Earned LTIP Units in a sentence

• Any attempted Transfer not in accordance with the terms and conditions of this Section 7 shall be null and void, and neither the Partnership nor the Company shall reflect on its records any change in record ownership of any Earned LTIP Units or Vested LTIP Units as a result of any such Transfer, shall otherwise refuse to recognize any such Transfer and shall not in any way give effect to any such Transfer.

• Holders of Award LTIP Units and Earned LTIP Units shall not be entitled to vote on any other matter submitted to the Limited Partners for their approval unless and until such units constitute Vested LTIP Units.

• Any Award LTIP Units and Earned LTIP Units that are forfeited pursuant to the terms of an Award Agreement shall immediately be null and void and shall cease to be outstanding or to have any rights except as otherwise provided in the Award Agreement.

• It could be challenging to grow in marginal soil and colder South Island winters and still fit between summer crops, which also take longer in the cooler weather.

• Earned LTIP Units shall be treated as Partnership Units with respect to the allocation of Profits and Losses; provided, that Profits from the sale of assets shall be allocated to each holder of the LTIP Units as provided in Section 3.1 until his Economic Capital Account Balance has been increased to the Target Balance.

More Definitions of Earned LTIP Units

Earned LTIP Units means those Award LTIP Units that have been determined by the Committee, in its sole and absolute discretion, to have been earned on the applicable Valuation Date based on the extent to which the FFO Goal or the Relative TSR Goal have been achieved as set forth in Section 3(c) or have otherwise been earned under Section 4.

Earned LTIP Units means the sum of (i) Earned Absolute TSR LTIP Units, (ii) Earned MSCI Relative LTIP Units, and (iii) Earned NAREIT Relative Performance LTIP Units.

Earned LTIP Units has the meaning set forth in Section 15.2(a).

Earned LTIP Units has the meaning set forth in Section 3(p) of this Agreement.

Earned LTIP Units has the meaning set forth on Schedule I.

Earned LTIP Units has the meaning set forth in Section 2(c).

Earned LTIP Units means [the number of (i) LTIP Units covered by the Award, multiplied by (ii) the [Payout Percentage]].