Examples of Trust Unit Rights Incentive Plan in a sentence
The Trust has a Trust Unit Rights Incentive Plan (the “Plan”) whereby the maximum number of trust units issuable pursuant to the plan is a “rolling” maximum equal to 10% of the outstanding trust units plus the number of trust units which may be issued on the exchange of outstanding exchangeable shares.
The Trust has a Trust Unit Rights Incentive Plan (the “Plan”) whereby the maximum number of trust units issuable pursuant to the Plan is a “rolling” maximum equal to 10.0% of the outstanding trust units plus the number of trust units which may be issued on the exchange of outstanding exchangeable shares.
The maximum term is limited to five years by the Trust Unit Rights Incentive Plan.
Effective September 2, 2003, the Trust established a Trust Unit Rights Incentive Plan (the “Plan”) to replace the stock option plan of the Company.
The Trust Unit Rights Incentive Plan that was effective under the Trust was renamed on conversion the Common Share Rights Incentive Plan.
Effective September 2, 2003, the Trust established a Trust Unit Rights Incentive Plan to replace the stock option plan of the Company.
Prior to 2011, options holders held trust unit rights under the Trust Unit Rights Incentive Plan (“TURIP”).
Trust Unit Rights Incentive Plan The Trust Unit Rights Incentive Plan is a compensation plan that provides the holder of the right the option to purchase trust units over a five year period at a price equal to the grant date price or at a reduced price that is calculated in accordance with the plan.
Trust Unit Rights are granted at the market price of the trust units at the time of the grant, vest over three years and have a term of five years.The Trust Unit Rights Incentive Plan allows for the exercise price of the rights to be reduced in future periods by a portion of the future distributions provided a certain threshold return on assets is met.
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