Examples of Restricted Unit Plan in a sentence
In addition, the employment contract provides that if the termination of employment occurs following a “Change of Control” of BTB, BTB will, in addition to the above described amounts, ensure that the options and awards granted in virtue of the Unit Option Plan and the Restricted Unit Plan which are not yet vested be immediately vested.
The Initial Award Units shall vest in accordance with terms of the Restricted Unit Plan.
CT REIT has a Restricted Unit Plan (the “RU Plan”) for executives, whereby the executives of CT REIT may be issued discretionary grants or may elect to receive all or a portion of their annual short-term incentive plan awards in restricted units (“RUs”), and a Performance Unit Plan (the “PU Plan”) whereby the performance units (“PUs”) are granted to certain employees of CT REIT as part of their long-term incentive plan.
The Eligible Persons may participate in the Restricted Unit Plan.
The target of the Restricted Unit Plan is expressed as a percentage of base salary and is fixed for Executive Officer based on the existing practices on the market for similar positions.