Operating Partnership Plan definition

Operating Partnership Plan means the Plan as administered pursuant to Section 3.2 hereof for the benefit of the employees of the Operating Partnership, its general partner and its Affiliates.
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Operating Partnership Plan means the Plan as administered pursuant to Section 3(b) hereof for the benefit of the employees of CPHC, the Operating Partnership and their respective Affiliates. (q) "Participant" means (i) an eligible employee of the Company who becomes a participant in the Company Plan, and (ii) an eligible employee of CPHC, the Operating Partnership, or an Affiliate of either who becomes a participant in the Operating Partnership Plan. A Participant may, if eligible, participate in both the Company Plan and the Operating Partnership Plan. (r) "Payroll Deduction Period" means the payroll period of the applicable Employer or such other period as the Plan Administrator shall determine; provided, however, that the first Payroll Deduction Period under the Plan shall commence on a date determined by the Chief Financial Officer of the applicable Employer and end on the last day of the then current payroll period of such applicable Employer. (s) "Plan" means the Colonial Properties Trust Employee Share Purchase Plan (which encompasses the Company Plan and the Operating Partnership Plan), as the same may be hereafter amended from time to time. (t) "Plan Administrator" means, with respect to the Company Plan, the Board of Trustees, the Company Committee or the designee of either; and means, with respect to the Operating Partnership Plan, the Board of Directors, the CPHC Committee, or the designee of either. (u) "Purchase Date" shall have the meaning set forth in Section 8 below. (v) "Purchase Price" shall have the meaning set forth in Section 7 below. (w) "Reporting Period" shall have the meaning set forth in Section 10 below. (x) "Shares" means the common shares of beneficial interest, par value $.01 per share, of the Company. (y) "Subsidiary" means any "subsidiary corporation" of the Company within the meaning of Section 425(f) of the Code. 2.
Sample 1
Operating Partnership Plan means the Plan as administered pursuant to Section 3(b) hereof for the benefit of the employees of CPHC, the Operating Partnership and their respective Affiliates.
Sample 1

Examples of Operating Partnership Plan in a sentence

  • The interpretation and construction by the Company Committee of any provision of the Operating Partnership Plan, any Incentive Award granted by the Company Committee under the Operating Partnership Plan and any Agreement entered into in connection therewith shall be final and conclusive.

  • The Operating Partnership Plan shall be administered by the Company Committee, which shall be appointed by the Board of Trustees.

  • The Plan Administrator shall have such powers and authorities related to the administration of the Operating Partnership Plan as are consistent with the agreement of limited partnership of the Operating Partnership and applicable law.

  • Any person to whom the duty to perform an administrative function under the Operating Partnership Plan is delegated by the Plan Administrator shall act on behalf of and shall be responsible to the Plan Administrator for such function.

  • In connection with any termination of the Company Plan or the Operating Partnership Plan, the Applicable Committee may determine to refund all Participant contributions to the Plan that have not yet been expended to purchase Shares.

  • Neither the Board of Directors, the CPHC Committee, nor the designee of either shall be liable for any action or determination made in good faith with respect to the Operating Partnership Plan.

  • The Board of Trustees, may, at any time and from time to time, amend, suspend, or terminate the Plan as to Shares that have not yet been purchased under the Plan; provided, however, that no amendment, suspension or termination shall be effective with respect to the Operating Partnership Plan without the approval of the Board of Directors in its capacity as general partner of the Operating Partnership.

  • The Operating Partnership Plan shall be administered by the Board of Directors, the CPHC Committee or the designee of either.

  • The interpretation and construction by the Plan Administrator of any provision of the Operating Partnership Plan shall be final and conclusive.

  • The Plan shall be effective as of April 24, 1997, the date of final approval of the Company Plan by the Board of Trustees and of the Operating Partnership Plan by the Board of Directors.

Related to Operating Partnership Plan

  • Operating Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • GP means Gottbetter & Partners, LLP.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Operating Partnership has the meaning set forth in the preamble.

  • Limited partnership means a limited partnership registered or formed under any law in force in Singapore or elsewhere;

  • Partnership Agreements means the partnership agreements together with all agreements, certificates and other documents provided to and approved by Lender and which govern the existence, operation and ownership of the Partnerships.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the Operating Partnership dated as of , 2011, as the same may be amended, modified or restated from time to time.

  • Original Partnership Agreement has the meaning set forth in the recitals to this Agreement.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Keystone means Keystone Underwriting Pty Ltd ABN 78 601 944 763 as Corporate Authorised Representative (No. 000468712) of Keystone Underwriting Australia Pty Ltd ABN 59 634 715 674 AFSL 518224 which is acting on behalf of Underwriters.

  • Pledged Partnership Agreements means all of each Grantor’s rights, powers, and remedies under the partnership agreements of each of the Pledged Companies that are partnerships.

  • Company Operating Agreement means the Restated Operating Agreement of the Company dated August__, 2019, as amended from time to time.

  • MLP has the meaning given such term in the introduction to this Agreement.