Unit Option definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

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.
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.
The undersigned Optionholder acknowledges receipt of, and understands and agrees to, this Option Grant Notice, the Unit Option Agreement, the Plan and the Operating Agreement.
Executive shall be entitled to participate in the Unit Option Plan adopted by the Partnership on the terms and conditions set forth therein.
Optionholder further acknowledges that as of the Date of Grant, this Option Grant Notice, the Unit Option Agreement, the Plan and the Operating Agreement set forth the entire understanding between the Optionholder and the Company regarding the purchase of Units in the Company.

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

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 an option to purchase Units granted under the 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 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.