Examples of Partnership LTIP Awards in a sentence
All Partnership LTIP Awards were (A) granted in accordance with the terms of the applicable Partnership Long-Term Incentive Plan and in material compliance with the Exchange Act, all other applicable Laws and rules of the Nasdaq and (B) properly accounted for in all material respects in accordance with GAAP in the financial statements (including the related notes) of the Partnership and disclosed in the Partnership SEC Documents in accordance with the Exchange Act and all other applicable Laws.
The Partnership authorized 2,500,000 Common Units for issuance pursuant to the Partnership Long-Term Incentive Plans, of which, as of August 10, 2023, 159,239 Common Units were subject to outstanding Partnership LTIP Awards (assuming target performance of any Partnership Performance LTIP Awards), and 756,529 Common Units are available for issuance in connection with future grants of awards under the Partnership Long-Term Incentive Plans.
As of September 15, 2023, the issued and outstanding limited partner interests and general partner interests of the Partnership consisted of (i) 23,264,833 Common Units (including 18,549 unvested restricted Common Units, which constitute Partnership LTIP Awards), (ii) the Incentive Distribution Rights and (iii) the General Partner Interest.
No Partnership LTIP Awards have been retroactively granted in contravention of any applicable Law.
All Partnership LTIP Awards were granted under a Partnership Long-Term Incentive Plan.
The Partnership has reserved 2,500,000 Common Units for issuance pursuant to the Partnership Long-Term Incentive Plans, of which, as of October 25, 2021, 24,890 Common Units are subject to outstanding Partnership LTIP Awards, and 2,452,435 Common Units are available for issuance in connection with future grants of awards under the Partnership Long-Term Incentive Plans.
The Partnership has reserved 1,860,000 Common Units for issuance pursuant to the Partnership Long-Term Incentive Plans, of which, as of March 4, 2021, 136,115 Common Units are subject to outstanding Partnership LTIP Awards, and 1,570,888 Common Units are available for issuance in connection with future grants of awards under the Partnership Long-Term Incentive Plans.
Payment of the Merger Consideration (and any accrued but unpaid amounts in relation to distribution equivalent rights) with respect to canceled Partnership LTIP Awards shall be subject to the applicable holder’s satisfaction of any applicable Tax withholding amounts payable in connection with the receipt of such payments, in each case in accordance with the terms of the award agreements governing such canceled Partnership LTIP Awards and the Partnership Long-Term Incentive Plans.
The Partnership has reserved 2,500,000 Common Units for issuance pursuant to the Partnership Long-Term Incentive Plans, of which, as of September 15, 2023, zero Common Units are subject to outstanding Partnership LTIP Awards other than unvested restricted Common Units that are included in subclause (i) above, and 2,321,715 Common Units are available for issuance in connection with future grants of awards under the Partnership Long-Term Incentive Plans.
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