Examples of Eligible Partner in a sentence
In the absence of unanimous agreement, the TMP Eligible Partner that was the General Partner on the last day of such taxable year shall be designated as the Tax Matters Partner for such taxable year.
The Committee may also make more than one grant of Options to a given Eligible Partner during the term of the Plan.
The terms and conditions of the grant of Options to an Eligible Partner shall be set forth in an Agreement.
Nothing in this Plan should be construed to provide any Partner with any right to receive an Option under this Plan, irrespective of whether the Partner may or may not be an Eligible Partner.
No Eligible Partner shall be granted Options under this Plan that would result in such Eligible Partner receiving more than five percent (5%) of the maximum number of Shares available for issuance hereunder.