Paired Share Units definition

Paired Share Units means the shares of Common Stock together with the shares of Class B Common Stock, which are attached and trade as a single unit, and any securities into which such paired share units shall have been reclassified, reconstituted, exchanged or substituted (including with respect to any unit split or unit dividend or a successor security).
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Examples of Paired Share Units in a sentence

  • Such distributions shall be made to the Shareholders pro rata in proportion to the number of Undivided Shares and Paired Share Units then outstanding.

  • This Agreement and the rights hereunder with respect to any Registrable Security shall be Transferred to any Person who is the Transferee of such Registrable Security, without the consent of the Company, provided, that, any such Transfer constitutes more than 5.0% of the outstanding Paired Share Units.

  • If, at any time, an Investor shall cease to hold at least 5.0% of the outstanding Paired Share Units, such Investor shall have the option to withdraw from this Agreement and shall be treated as if not a party hereto, other than with respect to those obligations contained in Section 8 with respect to the Company and such Investor, which shall continue.

  • Such Shareholder and such Shareholder's successors in interest will have no right to cause the Fund to redeem Preferred Shares, Common Shares or Paired Share Units.

  • The Manager's consent, if granted, will result in the simultaneous redemption of the Preferred Shares and the Common Shares constituting Paired Share Units based on the amounts referred to in Section 10.4 hereof and in accordance with the redemption practices set forth in Article 10.

  • Except as otherwise provided in this Article 6, Profit or Loss of the Fund shall be allocated pro rata to and among all Undivided Shares and Paired Share Units outstanding.

  • Except as otherwise provided in this Article 6, Profit or Loss allocable to outstanding Paired Share Units shall be further allocated to the Capital Accounts for the constituent Preferred Shares and Common Shares, respectively, in accordance with Section 6.2.

  • Redemption of Preferred Shares, Common Shares and Paired Share Units shall be subject to Sections 5.4 and 10.4 hereof.

  • Upon written request to the Manager stating the reasons for and circumstances of a proposed simultaneous redemption of the Preferred Shares and the Common Shares constituting Paired Share Units, the Manager may, in its sole discretion, grant or withhold its consent to such redemption.

  • Amounts distributable in respect of Paired Share Units shall be distributed in the following manner: (i) to the holders of Preferred Shares in Amounts not to exceed the cumulative accrued but undistributed Preferred Return on such Preferred Shares; and (ii) the balance, if any, to the holders of the corresponding Common Shares.

Related to Paired Share Units

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

  • 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.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

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

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

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

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Restricted Share Award means an award of Restricted Shares.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • RSUs means restricted stock units.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

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

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Performance Units means an Award which may be earned in whole or in part upon 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.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.