Partial Service Factor

Example Definitions of "Partial Service Factor"
Partial Service Factor. A factor carried out to the sixth decimal to be used in calculating the Earned LTIP Units pursuant to Section 4 in the event of a Qualified Termination of the Grantee's Continuous Service or a Change of Control prior to the Valuation Date, determined by dividing the number of calendar days that have elapsed since the Effective Date to and including the date of the Grantee's Qualified Termination or a Change of Control, whichever is applicable, by 1,095
Partial Service Factor. A factor carried out to the sixth decimal to be used in calculating the Earned LTIP Units pursuant to Section 4 in the event of a Qualified Termination Termination, or pursuant to Section 4(d) in the event of the Grantee's Continuous Service or a Change of Control prior to the Valuation Date, determined by dividing the number of calendar days that have elapsed since the Effective Date to and including the date of the Grantee's Qualified Termination or a Change of Control, whichever is... applicable, by 1,095 1,095. View More
View Variations
Partial Service Factor. A factor carried out to the sixth decimal to be used in calculating the number of LTIP Units earned pursuant to Section 3(d) hereof in the event of a Qualified Termination of the Participant's Continuous Service prior to the Valuation Date, determined by dividing (a) the number of calendar days that have elapsed since the Effective Date to and including the date of the Participant's Qualified Termination by (b) the number of calendar days from the Effective Date to and including the Valuation... Date. View More
Partial Service Factor. Means a factor carried out to the sixth decimal to be used in calculating the number of LTIP Units that shall vest pursuant to Section 5 in the event of a termination of the Grantee's Continuous Service prior to the Final Vesting Date, determined by dividing the number of calendar days that have elapsed since the Effective Date to and including the date of the Grantee's termination or the Change of Control, as applicable, by 1,095.
Partial Service Factor. A factor carried out to the sixth decimal to be used in calculating the number of Absolute Component LTIP Units and Relative Component LTIP Units that shall vest pursuant to Section 5 in the event of a termination of the Grantee's Continuous Service prior to the end of the Measurement Period, determined by dividing the number of calendar days that have elapsed since the beginning of the Measurement Period to and including the date of the Grantee's termination or the Change of Control, as... applicable, by 1,095 View More
Partial Service Factor. A factor carried out to the fourth decimal to be used in calculating the number of Vested Interests pursuant to Section 3(c) hereof in the event of the termination of Recipient's employment prior to the satisfaction of the Second Vesting Sub-Condition, determined by dividing (a) the number of calendar days that have elapsed since the Grant Date to and including the effective date of Recipient's termination by (b) the number of calendar days from the Grant Date to and including the final annual... installment vesting date under the First Vesting Sub-Condition as set forth on the signature page hereto; provided, that in no event shall the Partial Service Factor exceed 1.0000 View More
All Definitions