Partnership Phantom Unit definition

Partnership Phantom Unit means an award of notional Common Units granted under a Partnership Plan that is payable in Common Units or the value of which is determined by reference to the value of Common Units.
Sample 1Sample 2Sample 3
Partnership Phantom Unit means a phantom unit relating to a Common Unit issued under a Partnership Long-Term Incentive Plan.
Sample 1Sample 2Sample 3
Partnership Phantom Unit means a hypothetical, nonexistent unit of Partnership Interests (as defined in the Partnership Agreement) equal to the lesser of (a) a Percentage Interest (as defined in the Partnership Agreement) equal to one and one-half percent (1.5%) of the total outstanding Partnership Interests as of the Grant Date or (b) a Percentage Interest that has a value equal to the Applicable Dollar Amount (as defined below) as of the Grant Date, determined on the basis of the Partnership Valuation (defined in Section 6.6.1 of the Partnership Agreement) for the Grant Date for each grant;
Sample 1Sample 2Sample 3

Examples of Partnership Phantom Unit in a sentence

  • Except as otherwise provided in this Section 3.5(c)(iii), each such Parent Restricted Share Award assumed and converted pursuant to this Section 3.5(c)(iii) shall continue to have, and shall be subject to, the same material terms and conditions and the same vesting conditions as applied to the corresponding Partnership Phantom Unit immediately prior to the Effective Time, and shall settle in Parent Shares upon vesting.

  • Except as otherwise provided in this Section 3.5, each such Parent Phantom Unit assumed and converted pursuant to this Section 3.5 shall continue to have, and shall be subject to, the same material terms and conditions and the same vesting conditions as applied to the corresponding Partnership Phantom Unit immediately prior to the Effective Time, and shall settle in Parent Units upon vesting.

  • Not later than immediately following the Effective Time, Parent shall deliver to each holder of a Partnership Phantom Unit assumed by Parent an appropriate notice setting forth such holder’s rights pursuant to the corresponding Parent Phantom Unit.

  • No Partnership LTIP Award is a type of award other than a Partnership Phantom Unit.

  • Except as otherwise provided in this Section 3.6, each such Parent RSU shall continue to have and be subject to the same vesting and other terms and conditions as applied to the corresponding Partnership Phantom Unit immediately before the Effective Time.


More Definitions of Partnership Phantom Unit

Partnership Phantom Unit means an unvested Common Unit issued under the Partnership Long-Term Incentive Plan.
Sample 1Sample 2Sample 3
Partnership Phantom Unit means a phantom unit relating to a Common Unit issued under a Partnership Long-Term Incentive Plan. “Partnership SEC Documents” has the meaning set forth in Section 4.5(a).
Sample 1Sample 2Sample 3
Partnership Phantom Unit means an unvested Phantom Unit granted under a Partnership Long-Term Incentive Plan that entitles the grantee to one Common Unit upon vesting.
Sample 1Sample 2Sample 3
Partnership Phantom Unit means a phantom unit issued under a Partnership Long-Term Incentive Plan that is outstanding as of immediately prior to the Effective Time.
Sample 1Sample 2
Partnership Phantom Unit means a “Phantom Unit” as defined in the Partnership LTIP.
Sample 1
Partnership Phantom Unit means a phantom unit relating to a Common Unit issued under a Partnership Long-Term Incentive Plan. “ Partnership Recommendation Change Notice ” has the meaning set forth in Section 6.3(d)(ii)(1) .
Sample 1
Partnership Phantom Unit means an unvested Common Unit issued under the Partnership Long-Term Incentive Plan. 9
Sample 1