GA Loyalty Units definition

GA Loyalty Units or "GALUs" – means the miles, points or other loyalty program units issued by Groupe Aeroplan’s subsidiaries under the respective programs owned and operated by each of the entities;
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Examples of GA Loyalty Units in a sentence

  • GA LOYALTY UNITS ISSUED AFTER JANUARY 1, 2002 In addition, Groupe Aeroplan may be required to provide rewards to members for unexpired GA Loyalty Units accounted for as Breakage on the GA Loyalty Units issued after December 31, 2001 for which the Breakage revenue has been recognized or deferred and for which no liability has been recorded.

  • Since Groupe Aeroplan’s revenues are recognized based on redemptions by members as opposed to the issuance of GA Loyalty Units (“GALUs”) to members by the Accumulation Partners, the information on major customers is based on total Gross Billings, which include proceeds from the sale of GALUs and services rendered or to be rendered.

  • Given the large volume of GA Loyalty Units issued and redeemed, slight fluctuations in the average unit redemption cost or selling price of a GA Loyalty Unit will have a significant impact on results.

  • These Gross Billings are deferred and recognized as revenue either upon the redemption of GA Loyalty Units by members or in accordance with the accounting policy for Breakage.

  • The maximum potential redemption cost for such GA Loyalty Units is estimated to be$949.4 million at March 31, 2010.

  • Since Groupe Aeroplan’s revenues are recognized based on redemptions by members as opposed to the issuance of GA Loyalty Units to members by the Accumulation Partners, the information on major customers is based on the Gross Billings of GA Loyalty Units issued through each Accumulation Partner to members.

  • Air Canada and the other Accumulation Partners accounted for significant issuance of GA Loyalty Units as follows: Year ended December 31, CONTRACTUAL AND COMMERCIAL PRACTICES WITH AIR CANADA Air Canada is Groupe Aeroplan’s largest Redemption Partner.

  • Cost of rewards representing the amount paid by Groupe Aeroplan to Redemption Partners is accrued when the member redeems the GA Loyalty Units.

  • In limited circumstances, Groupe Aeroplan may sell GA Loyalty Units directly to members.

  • GA Loyalty Units issued for promotional purposes, at a discount or no value, are also included in Gross Billings at their issue price.

Related to GA Loyalty Units

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Company Units has the meaning set forth in the Recitals.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Restricted Units has the meaning set forth in the recitals to this Award Agreement.

  • CVRs means the rights of Holders to receive contingent cash payments pursuant to the Merger Agreement and this Agreement.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Class B Units means the Class B Units of the Company.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Net Shares has the meaning provided in Section 2.12 hereof.

  • Common Units is defined in the Partnership Agreement.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • Placement Units shall have the meaning given in the Recitals hereto.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Class C Units The term "Class C Units" shall have the meaning set forth in the preface.

  • RSUs means restricted stock units.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Membership Units means the limited liability company interests in the Company held by the Members, expressed as a number of units held by each Member and set forth opposite such Member's name on Schedule I attached hereto, as amended, modified or supplemented from time to time.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.