Rights Incentive Plan definition
Examples of Rights Incentive Plan in a sentence
Subject to receipt of all necessary approvals, Harvest will adopt the amendments to the Harvest Unit Award Incentive Plan as further described in the Harvest Information Circular, together with such additional amendments to the Harvest Unit Award Incentive Plan and Harvest Trust Unit Rights Incentive Plan as may be agreed between Harvest and Viking, acting reasonably.
The Trust accounts for their Unit Rights Incentive Plan using the intrinsic value of the unit rights at the date of exercise or at the date of the consolidated financial statements for unexercised rights.
Using intrinsic values, unit compensation expenses are deferred and recognized in earnings over the vesting period of the Unit Rights Incentive Plan.
As of the date hereof, Rights to acquire an aggregate of 7,603,973 Trust Units have been granted and are unexercised under the Trust Unit Rights Incentive Plan, Unit Awards to acquire an aggregate of 653,146 Trust Units under the Unit Award Plan and 28,581,033 Trust Units have been reserved for issuance under the outstanding Convertible Debentures.