Market Units definition

Market Units means Dwellings which are not Affordable Housing Units

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Market Units means the four hundred one (401) market priced residential units in the Project.

Market Units means the residential dwelling units to be constructed on the Land as part of the Development that are not Affordable Housing Units as shown on Schedule B.

Examples of Market Units in a sentence

If the Participant ceases to be employed by the Company or any Subsidiary for any reason (except as provided in Sections 3(b) or (c)) before the last day of the Period of Restriction), all Market Units shall be forfeited, without any consideration or payment whatsoever to the Participant.
The Participant shall not have voting rights or receive dividends in connection with the Market Units; provided that, upon the shares associated with the Market Units are issued to the Participant in accordance with this Agreement, voting rights and dividends will apply at that time).
Seller has designated a total of six hundred three (603) residential units in the Project as Affordable Housing Units and four hundred one (401) residential units as Market Units.
The Performance Period and related performance criteria for the Market Units are described and defined in Exhibit A.
Unless and until the Market Units are settled in shares of Company stock, Market Units granted pursuant to this Agreement may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated (a “Transfer”), other than by will or by the laws of descent and distribution, except as provided in the Plan.
Except as described in Sections 3(b) and (c), the Participant’s interest in the Market Units granted under this Agreement shall become transferable and nonforfeitable (“Vested”) on the last day of the Period of Restriction, provided the Participant continues to be employed in Continuous Service through the last day of the Period of Restriction.
If, during the Performance Period, (i) a Participant terminates Continuous Service as a result of death, Disability or Retirement or (ii) the Company terminates the Participant on or after the date on which Participant first becomes Retirement eligible for any reason, other than for Cause, all Market Units shall be Vested on a pro rata basis based on the Participant’s service during the Performance Period.
In the event of any change in the capitalization of the Company such as a stock split or corporate transaction such as any merger, consolidation, separation or otherwise, the number and class of Market Units subject to this Agreement shall be equitably adjusted by the Committee, as set forth in the Plan, to prevent dilution or enlargement of rights.
Except as described in Sections 4(b) and 4(c), shares of Common Stock attributable to Vested Market Units shall be delivered to the Participant, or his or her beneficiary in the event of the participant’s death, within ninety (90) days after the last day of the Award Cycle.
The other four hundred one (401) residential units will be market priced units (the "Market Units").

More Definitions of Market Units

Market Units means Dwellings which are not designated as Affordable Housing Units or designated to be constructed on the Self -Build and Custom Housebuilding Plots and the expression ’Market Unit‘ shall be construed accordingly

Market Units means that part of the Proposed Development which is general market housing for sale on the open market and which is not Affordable Housing;

Market Units means the residential units in the Project that are not subject to the occupancy and resale restrictions set forth in this Covenant or any other recorded affordable housing covenant that limits the maximum sale price of the residential unit.

Market Units means any Units that are not Affordable Units.

Market Units means the residential Dwelling Units to be constructed on the Land that are not to be Affordable Housing Units, as shown on Schedule A;