Bonus Units Sample Clauses
Bonus Units. Bonus Units subject to awards granted under the Company's Bonus Plan (Stock plus Cash) (the "Stock Plus Cash Plan"), in accordance with the terms of such Plan as in effect on the date hereof (but subject to the terms of any Executive Severance Agreement with the holder of such a Bonus Unit as in effect on the date hereof), shall, as of the Effective Time, be converted into Bonus Units relating to Tyco Common Shares. The number of Tyco Common Shares to be issued in respect of each such award of Bonus Units shall be the result obtained by (A) calculating the excess, if any, of (1) the "Market Value" (as defined in the Stock Plus Cash Plan) or the "Fair Market Value" (as defined in Section 2(a) of the Executive Severance Agreement with the Company), as applicable to the particular holder (the applicable value being referred to as the "Market Price") over (2) the per Bonus Unit Designated Value (as defined in the Stock Plus Cash Plan) of such award; (B) multiplying the result obtained pursuant to clause (A) by the number of Bonus Units subject to such award; (C) dividing the product obtained pursuant to clause (B) by the Market Price; and (D) multiplying the quotient obtained pursuant to clause (C) by the Exchange Ratio. The Tyco Common Shares so determined shall be issued on the date or dates set forth under the terms of the agreement evidencing the award of Bonus Units, subject to the terms of the applicable Executive Severance Agreement as in effect on the date hereof. In addition, the Cash Bonus (as defined in the Stock Plus Cash Plan) in respect thereof shall be paid in accordance with the terms of such Plan as in effect of the date hereof, subject to the terms of the applicable Executive Severance Agreement as in effect on the date hereof. Bonus Units subject to awards granted under the 1993 Plan shall be payable as of the Effective Time in accordance with the terms of such Plan as in effect on the date hereof, in a number of Tyco Common Shares calculated as follows: the number of Tyco Common Shares to be issued as of such date shall be the result obtained by (A) calculating the excess, if any, of (1) the "Fair Market Value" (as defined in the 1993 Plan) or the "Fair Market Value" (as defined in Section 2(a)) of the Executive Severance Agreement with the Company), as applicable to the particular holder (the applicable value being referred to as the "Market Price") over (2) the per Bonus Unit Designated Value (as defined in the 1993 Plan) of such award; (...
Bonus Units additional units that are issued against re-investment of dividend;
Bonus Units. On the Effective Date, the Company shall grant Executive 150,000 fully-vested Class B Units (the "Bonus Units"). The Company shall reimburse Executive for (i) up to an aggregate maximum amount of $55,000, any federal or state income taxes actually incurred by Executive as a result of the Company’s grant to Executive of the Bonus Units pursuant to the immediately preceding sentence and (ii) any federal or state income taxes actually incurred by Executive as a result of any reimbursements made pursuant to the immediately preceding clause (i) and this clause (ii).
Bonus Units. As additional consideration for the services the Executive will render under this Agreement, on the effective date of this Agreement, the Company will award the Executive 75,000 common units ("Bonus Units") of Quest Midstream, L.P. (the "MLP"), to be issued and to vest in accordance with the following schedule: (1) the later to occur of a Liquidity Event or one year of employment -25,000 Bonus Units; (2) the later to occur of a Liquidity Event or two years of employment -25,000 Bonus Units; and (3) the later to occur of a Liquidity Event or three years of employment -25,000 Bonus Units. Notwithstanding the foregoing vesting schedule, the Company shall also pay Executive, at the same time as any distributions are paid on the common units of the MLP, an amount equal to the distribution that would have been paid on any unvested (and unforfeited) Bonus Units if such Bonus Units had been vested and issued. If Executive's employment is terminated without Good Cause (as defined in Section 5.2(e) below) or if Executive terminates his employment with Good Reason (as defined in Section 5.2(f), all Bonus Units not vested at the time of such termination shall issue and vest as if no termination had occurred (subject to the possible six-month distribution time limitation set forth in this Section below). If Executive's employment terminates for any other reason prior to such time that the Bonus Units are fully vested, any non-vested Bonus Units shall be forfeited. Except as set forth herein, the Bonus Units shall be subject to the terms and conditions of any plan or program adopted by the company with respect to common units of the MLP.
Bonus Units. Blockbuster and WHV shall * of Bonus Units by the end of the Picture Term for each Rental Picture, with *. To the extent any Bonus Unit is * WHV * within * after the end of the applicable Picture Term, which * shall not be recoupable.*
Bonus Units. The Management Company may decide to distribute, wholly or in part, the distributable income in the form of stock dividend (which would comprise of the Bonus Units of the Trust) if it is in the interest of Unit Holders. After the fixing of the rate of bonus distribution per Unit, in case of distribution in the form of Bonus Units, the Management Company shall, under intimation to the Trustee, issue additional Units issued in the name of the Unit Holders as per the bonus ratio. The Bonus Units would rank pari passu as to their rights in the Net Assets, earnings and receipt of dividend and distribution with the existing Units from the date of issue of these Bonus Units. The account statement or Unit Certificate shall be dispatched to the Unit Holder within fifteen days of the issue of Bonus Units.
Bonus Units. As soon as practicable after the Company has sold (and received payment for) five hundred thousand (500,000) cases of the Product in the Territory to purchasers introduced to the Company by Consultant, the Company shall issue a cause the issuance of two hundred thousand (200,000) additional Units in the Company (the “Bonus Units”). The Bonus Units issued to the Consultant shall have the status of “restricted” securities as the term is defined by Rule 144 under the Securities Act of 1933, as amended. The Bonus Units, when issued to Consultant, will be duly authorized, validly issued and outstanding, fully paid and nonassessable and will not be subject to any liens or encumbrances.