Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.
Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.
Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;
Over-Allotment Units means the additional number of Private Units the Sponsor will be required to purchase in the event that the underwriters in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s initial public offering.
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.
Class B Units means the Class B Units of the Company.
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.
Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.
Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.
Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;
Placement Units shall have the meaning given in the Recitals hereto.
Vested Shares means "Vested Shares" as defined in the Award Agreement.
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.
Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.
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.
Reserved Shares means initially, [ ] Shares. The Reserved Shares may be increased or decreased in a Supplemental Confirmation.
Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.
Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."
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.
Net Shares has the meaning provided in Section 2.12 hereof.
Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.
Option Shares shall have the meaning ascribed to such term in Section 2.2(a).
Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.
Tendered Units shall have the meaning set forth in Section 8.6.A.
Offered Units shall have the meaning set forth in Section 11.1 hereof.
Restricted Units has the meaning set forth in the recitals to this Award Agreement.