Participating Units
Participating Units. Shall mean a grant of a right to receive a portion of the Bonus Pool Amount to a Participant pursuant to this Retention Plan.
Found in
DURECT CORP contract
Participating Units. Means Class C, Class D, Class D-1, Class I, Class S, Class S-1, Class T and Class T-1 units of the Operating Partnership held by unitholders other than the Company. Class E units of the Operating Partnership shall not be considered Participating Units.
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