Unit Bonus definition

Unit Bonus means an award of Units granted to an Eligible Recipient pursuant to Section 9 of the Plan.
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Unit Bonus means grant of Units for no consideration other than past services, but subject to restrictions as the Committee determines appropriate.[SAMPLE AGREEMENT] UNIT OPTION AGREEMENT THIS UNIT OPTION AGREEMENT (“Option Agreement”) is between BSST LLC (the “Company”) Company and the Optionee named below andevidences the Company’s grant to the Optionee of an Option to purchase a number of the Company’s Class B Common Units (“Units”). The Option is granted pursuant to and subject to the Company’s Option Plan (the “Plan”) and the Terms and Conditions for Unit Options Granted Under the BSST LLC Option Planattached hereto (the “Terms”), both of which are incorporated herein by this reference. Capitalized terms under herein and in the Terms and not otherwise defined shall have the meanings given them in the Plan.Optionee Name: Exercise Price Per Unit: $ Number of Units: Grant Date: Expiration Date: Vesting Schedule: This option shall become vested and exercisable as to Units immediately. The remaining Units shall vest in equal annual amounts on first anniversaries of the grant date of this option.Optionee accepts the Option and agrees to and acknowledges receipt of a copy of the Plan and the Terms. BSST LLC,a Delaware corporation AGREED AND ACKNOWLEDGED: By:(Optionee’s Signature) Its: (Address) (City, State, Zip Code)TERMS AND CONDITIONS FOR UNIT OPTIONS GRANTED UNDER THE BSST LLC OPTION PLANThese Terms and Conditions for Unit Options Granted Under the BSST LLC Option Plan (these “Terms”) are meant to supplement, reiterate and otherwise be read in conjunction with the BSST LLC Option Plan (the “Plan”). In the event of a conflict between these Terms and the Plan, the Plan shall govern.Capitalized terms used herein and not otherwise defined shall have the meanings given them in the Plan or in the Option Agreement to which these Terms are attached.
Sample 1
Unit Bonus means grant of Units for no consideration other than past services, but subject to restrictions as the Committee determines appropriate. THIS UNIT OPTION AGREEMENT (“Option Agreement”) is between BSST LLC (the “Company”) Company and the Optionee named below and evidences the Company’s grant to the Optionee of an Option to purchase a number of the Company’s Class B Common Units (“Units”). The Option is granted pursuant to and subject to the Company’s Option Plan (the “Plan”) and the Terms and Conditions for Unit Options Granted Under the BSST LLC Option Plan attached hereto (the “Terms”), both of which are incorporated herein by this reference. Capitalized terms under herein and in the Terms and not otherwise defined shall have the meanings given them in the Plan.
Sample 1

Examples of Unit Bonus in a sentence

  • The amount of Restricted Stock Unit Bonus payable under this compensation program shall be paid in restricted stock units (payable in whole units only rounded down to the nearest share).

  • All executive grade level Employees of a Participating Employer at grade level E-4 or above are eligible to receive a Restricted Stock Unit Bonus under this compensation program, provided they are on the payroll of a Participating Employer at the time the award is granted.

  • Additionally, the total value maximum of any calculated Performance Stock Unit Bonus shall not exceed four times the dollar value of the Target Performance Stock Unit Bonus.

  • The Restricted Stock Unit Bonus shall be calculated by the Leadership Development and Compensation Committee as soon as reasonably practicable following the Performance Period.

  • In the event of a Change of Control (as defined in the AICP) each Restricted Stock Unit Bonus for the current year shall immediately be granted at target level in the form of a restricted stock unit award vesting 1/3 on January 1 of the year immediately following the year in which the Change of Control occurred, and another 1/3 on each of the following two January 1 anniversaries.

  • In the event of a Change of Control (as defined in the STIP) each Restricted Stock Unit Bonus for the current year shall immediately be granted at target level in the form of a restricted stock unit award vesting 1/3 on January 1 of the year immediately following the year in which the Change of Control occurred, and another 1/3 on each of the following two January 1 anniversaries.

  • An eligible Employee shall not be entitled to payment of a Restricted Stock Unit Bonus as a result of any separation of employment, voluntary or involuntary except as provided in Section 6.2 below.

  • Except as provided in section 3.2 above, payment of the Strategic Stock Unit Bonus will be made no later than the 15th day of the third month following the Performance Period to which such Strategic Stock Unit Bonus relates.

  • An eligible Employee shall not be entitled to payment of a Restricted Stock Unit Bonus as a result of any separation of employment, voluntary or involuntary, except as provided in Section 5.1 below.

  • The amount of Strategic Stock Unit Bonus payable under this compensation program shall be paid in Performance Stock (payable in whole shares only rounded down to the nearest share).


More Definitions of Unit Bonus

Unit Bonus means an Award of a specified number of Units that is granted under Section 6(e) of the Plan to a Participant without restrictions on transfer or forfeiture conditions.
Sample 1
Unit Bonus means a bonus payable in Units granted pursuant to Section 12.
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Related to Unit Bonus

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Bonus means the bonus described in the Section 2.3.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Basic Compensation means Salary and Benefits.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.