This excerpt taken from the FUN 8-K filed May 20, 2008.
OTHER UNIT AWARDS
This excerpt taken from the FUN DEF 14A filed Mar 28, 2008.
OTHER UNIT AWARDS
This excerpt taken from the FUN 10-Q filed Aug 3, 2007.
SECTION 10. OTHER UNIT AWARDS.
(a) IN GENERAL. Other Awards of Units and other Awards that are valued in whole or in part by reference to, or are otherwise based on, Units or other property (Other Unit Awards) may be granted hereunder to Participants, either alone or in addition to other Awards granted under the Plan. The provisions of Other Unit Awards need not be the same with respect to each recipient.
(b) TERMS AND CONDITIONS. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the Eligible Persons to whom and the time or times at which such Awards shall be made, the number of Units to be granted pursuant to such Awards, and all other conditions of the Awards; provided that the time and form of payment (e.g., lump sum or installments over a fixed number of years beginning on a specified date) shall be specified at the time the Other Unit Award is granted. In the event that payment of such Other Unit Awards to Participants who incur Retirement is considered to be payment upon Separation from Service, payment to any Participant who is a Specified Employee shall not be made until the date that is six (6) months and one (1) day after such Specified Employee Participants Retirement. Units (including securities convertible into Units) granted under this Section 10 may be issued for no cash consideration or for such minimum consideration as may be required by applicable law. Units (including securities convertible into Units) purchased pursuant to a purchase right awarded under this Section 10 shall be purchased for such consideration as the Committee shall in its sole discretion determine, which shall not be less than the Fair Market Value of such Units or other securities as of the date such purchase right is awarded. Other Unit Awards may be paid in Units, other securities of the Company, cash, or any other form of property as the Committee shall determine.