Unit Option definition

Unit Option means an option to purchase one or more Units pursuant to the Plan.

Unit Option means any option to purchase Units granted under the Unit Option Plan.

Unit Option has the meaning ascribed to it in the Recitals to this Agreement;

Examples of Unit Option in a sentence

• The Company in its sole discretion may extend the duration of the Unit Option under the Unit Program, which would extend the Warrant Exercise Period by the same extension of days.

• Just Energy may grant awards under its 2010 share option plan (formerly the 2001 Unit Option Plan) to directors, officers, full-time employees and service providers (non-employees) of Just Energy and its subsidiaries and affiliates.

• Each SpinCo Unit Option that is outstanding immediately following the Effective Time shall, as of immediately following the Effective Time, become fully vested (to the extent not already vested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the Spread Value of such SpinCo Unit Option.

• All prior grants under the Unit Option Plan will continue based on the terms and conditions as of the original grant.

• The price at which a Unit may be purchased upon exercise of an Incentive Unit Option shall be determined by the Committee, but such exercise price shall not be less than 100% of the Fair Market Value of a Unit on the Grant Date.

More Definitions of Unit Option

Unit Option means the election available to Participating Shareholders pursuant to the Arrangement to ultimately receive a Unit for each Common Share in respect of which an election is made or deemed to be made under this Plan, subject to pro-ration, instead of a Fund Note for the exchanges described herein which election is given effect under this Plan by such Participating Shareholder receiving a Unit; and

Unit Option means a non-assignable, non-transferable option to acquire a Unit pursuant to the Unit Option Plan; “Unit Option Plan” means the REIT’s amended and restated Unit option plan;

Unit Option means a Unit Option granted to an Employee, Director or Consultant pursuant to the provisions set forth in Article II of the Plan.

Unit Option means an option granted pursuant to the Plan to purchase Units.

Unit Option means an option to purchase Units granted under the Plan.

Unit Option means an award of an option to purchase Common Units granted under an MLP Equity Plan.

Unit Option means an option to purchase Units granted pursuant to the Plan.