Unit Awards definition

Unit Awards means the units issued to eligible persons pursuant to paragraph 9 of this Plan as compensation for services rendered or to be rendered to the Corporation or its Subsidiaries.
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Unit Awards means Service-Based Units and/or Performance-Based Units.
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Unit Awards means unit awards issued under the Unit Award Incentive Plan;
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Examples of Unit Awards in a sentence

  • Except as may be provided in an Award Agreement, Restricted Stock Unit Awards will be paid in Shares.

  • The Committee has determined that Performance-based Stock Unit Awards will encourage eligible employees to contribute to the profits and growth of the Company and its Affiliates, and that the Participant can be expected to make such a contribution.

  • If your opt-out has not been received within such fifteen (15) day time period, you will be deemed to have accepted this Performance Share Unit Awards and the terms and conditions set forth in this Agreement.

  • Except as otherwise determined by the Committee in its sole discretion or as set forth in this Section 1, the unvested portion of Performance Unit Awards shall be forfeited without consideration to the Participant upon the Participant’s termination of employment with the Company or a Subsidiary for any reason.

  • The Plan provides for the grant of Performance-based Stock Unit Awards to eligible employees designated by the Committee.


More Definitions of Unit Awards

Unit Awards means unit awards issued by the Trust under the Unit Award Incentive Plan; "United States" or "U.S." means the United States, as defined in Rule 902(l) under Regulation S; "Unitholders" means holders from time to time of Trust Units; "U.S. Unitholder" means any Unitholder who is, at the Effective Time, in the United States;
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Related to Unit Awards

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Other Stock-Based Awards means Awards granted to a Participant under Section 6(i) hereof.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Units means an Award which may be earned in whole or in part upon 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.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.