Unit Option Plan definition

Unit Option Plan means the Unit Option Plan of the REIT described under "Management of the REIT — Unit Option Plan".

Unit Option Plan means the Non-Qualified Unit Option Plan of the Partnership described in Section 4.6.

Unit Option Plan means any unit option plan now or hereafter adopted by the Partnership, NEE Partners or the NEE Partners General Partner.

Examples of Unit Option Plan in a sentence

• 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.

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

• Upon exercise of any outstanding trust unit option, restricted unit and performance unit, the holders will receive one-third of one Equal share for each pre-consolidation trust unit they would have otherwise been entitled to receive in accordance with the Trust Unit Option Plan and the Restricted Unit and Performance Unit Plan.

• In addition, the employment contract provides that if the termination of employment occurs following a “Change of Control” of BTB, BTB will, in addition to the above described amounts, ensure that the options and awards granted in virtue of the Unit Option Plan and the Restricted Unit Plan which are not yet vested be immediately vested.

• The grant of an option to acquire Units under the Unit Option Plan, which grant is in the sole and absolute discretion of the General Partner, to any Person shall constitute the consent of the General Partner to such Person (but not any Assignee) to becoming a Limited Partner upon exercise of such option to acquire Units.

More Definitions of Unit Option Plan

Unit Option Plan means the unit option plan of the REIT, as amended and restated, as described under “Management of the REIT — Unit Option Plan” in the AIF; and

Unit Option Plan means the unit option plan of the Trust dated as at November 24, 2006 and amended on May 24, 2007, September 30, 2009 and June 28, 2010;

Unit Option Plan means the unit option plan of the REIT which provides for the grant, from time to time, at the discretion of the Trustees, of options to purchase Units for cash to the Trustees, officers and employees of the REIT or any subsidiary of the REIT and any subsidiary, officers and employees of Allied Canadian Development Corporation.

Unit Option Plan means the unit option plan of the REIT which was established in 1996, as amended from time to time.

Unit Option Plan means the plan pursuant to which the Trust grants Options to Service Providers, as amended from time to time.

Unit Option Plan means the unit option plan which the Trust may adopt from time to time providing for the issuance, from time to time, of options to purchase Units for cash to the members of the Trust’s management.

Unit Option Plan means the Unit Option Plan of BTB adopted on October 3, 2006 and as amended from time to time.