Unit Options definition
Examples of Unit Options in a sentence
Any of your Unit Options that are not Surrendered within that period will be forfeited.
The Global Affiliate and you agree and acknowledge that, to the extent consistent with applicable law, neither the Unit Options, this Agreement, the Plan nor any rights, obligations, terms and conditions set forth therein or in connection therewith, constitute securities, negotiable instruments, or derivatives instruments or transactions.
Any of your Unit Options that are not Exercised within that period will be forfeited.
You may not sell, transfer, pledge, assign or otherwise alienate or hypothecate any of your Unit Options, other than by will or by the laws of descent and distribution.
Upon such a finding, the Administrator may, in its sole discretion, cancel your Unit Options in light of that substitute award without additional compensation to you.
For Awards that are Performance Units, Restricted Units, or Unit Options, your rights under this Agreement will pass to and may be exercised after your death by your estate, and any payments remaining unpaid at your death will be paid to your estate, in each case except as otherwise required by law.
Options granted in the form of Incentive Unit Options (including any UAR in tandem therewith) shall, in addition to being subject to the terms and conditions of Section 7.2, comply with Section 422(b) of the Code.
Accordingly, no Incentive Unit Options shall be granted later than ten years from the date of adoption of the Plan by the Board.
To the extent that the aggregate Fair Market Value (determined at the time the respective Incentive Unit Option is granted) of Units with respect to which Incentive Unit Options are exercisable for the first time by an individual during any calendar year under all incentive unit option plans of EnLink Midstream and its Affiliates exceeds $100,000, such excess Incentive Unit Options shall be treated as Nonqualified Unit Options.
You will not be credited with additional Unit Options on account of any dividend paid on Shares.