Specified Units definition

Specified Units means with respect to each Excluded Property, the number of Common Units and/or Preferred Units (as the case may be) which would have been issued to the Parent, pursuant to Section 4.3.B and Section 4.2 hereof, if the Parent had contributed such Excluded Property to the Company on the date that such asset was acquired by the Parent or a wholly owned Subsidiary of the Parent, in exchange for Units equal in value to the fair market value of such Excluded Property as of such date.
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Specified Units means Restricted Stock Units that are subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), including Restricted Stock Units granted to any Participant who is on the Grant Date or will in any fiscal year of the Company prior to the fiscal year of the Company prior to the Vesting Date become eligible for Retirement.
Sample 1
Specified Units has the meaning set forth in Section 3.11(a)(iii).
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Examples of Specified Units in a sentence

  • The Selling Member shall deliver to the Company and the Co-Sale Members a written notice of the proposed transaction (hereinafter referred to as a “Co-Sale Notice”) to Transfer the Specified Units which shall set forth the name and address of the Third Party Purchaser and the material terms and conditions of the proposed transactions, including the purchase price and the number of Specified Units (the “Co-Sale Terms”).

  • Upon any such contribution of an Excluded Property or the proceeds therefrom, the Parent shall receive in exchange for such contribution, notwithstanding the actual value of such Excluded Property or the amount of such proceeds (as the case may be), the Specified Units applicable to such Excluded Property.

  • The Manager is expressly authorized to cause the Company to issue the Specified Units at such times, and in the numbers, specified in this Section 4.9 without any further act, or Consent of any Member or any other Persons.

  • No other Change in Control (as defined in the Plan) shall trigger any settlement of Specified Units.

  • The defendant franchisors, Baskin and Dunkin’, breached the SDA on each occasion whereby the Franchisors placed Progressive on “development hold,” that is, by unilaterally suspending Progressive’s right to develop Specified Units under Section 1.A thereunder.

  • As soon as reasonably practicable after the date hereof, the Company shall mail or otherwise deliver to each anticipated Unitholder (other than holders of the Specified Units) a Letter of Transmittal, substantially in the form of Exhibit D attached hereto (the “Letter of Transmittal”), which for the avoidance of doubt, shall include the obligation of each Unitholder to agree to Sections 3.7, 3.8, 3.9, and 3.10 of this Agreement.

  • Specified Units: 20 Series A Partnership Preferred Units; and 6 Series B Partnership Preferred Units; and 9 Series C Partnership Preferred Units; and 15 Series D Partnership Preferred Units; and 1,589 Partnership Common Units.

  • If a director becomes a full-time salaried officer or employee of the Corporation or any of its subsidiaries, such director’s eligibility will be suspended and the payment date for such Director’s Deferred Share Units that are not Specified Units will be the later of the date of cessation of employment with the Corporation or any of its subsidiaries, or the Termination Date.

  • The Buyer and Seller agree that the Purchase Price is the lowest price that they would have agreed upon with respect to the Specified Units at the Transaction Date on the basis of payment in full at the time at which the first right (as the term "right" is defined in section YA 1 of the Income Tax Act 2007) in the Specified Units is to be transferred.

  • Concentration Specified Units Maximum Minimum WeeklyMonthlyDailyWeeklyMonthlyFrequency-----1/Day-----1/Quarter-----1/Quarter-----1/Quarter-----1/Quarter-----1/Week-----1/Quarter-----1/Quarter - - - - - - - - - - - - - - - - Loading* kg/day Measuring Sampling Type 24hr Total Estimate Grab Grab Grab Grab Estimate Grab Grab Monitoring Months All Quarterly Quarterly Quarterly Quarterly All Summer - Qtrly Quarterly Part I, A.


More Definitions of Specified Units

Specified Units has the meaning set forth in Section 5.3.
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Related to Specified Units

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Redeemed Units has the meaning set forth in Section 11.01(a).

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

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

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Class B Units means the Class B Units of the Company.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • 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.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Common Units is defined in the Partnership Agreement.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

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

  • LTIP Units means LTIP Units, as such term is defined in the Partnership Agreement.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Company Units has the meaning set forth in the Recitals.

  • Class A Common Units means a Common Unit which is designated as a “Class A Common Unit” and which has the rights, preferences and other privileges designated in Annex A hereto and elsewhere in this Agreement in respect of holders of Common Units.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • 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.