Examlex
A _____ plan is an award of shares with restrictions that require a predetermined length of service to elapse before vesting occurs.
Competent Persons
Individuals who have the necessary ability, knowledge, or qualifications to perform a specific task or duty effectively.
Proportionately Shared
Equitably distributed or allocated among participants according to their respective shares, responsibilities, or contributions.
Limited Partnership
A business structure involving at least one general partner, who manages the business and is liable for debts, and one or more limited partners, whose liability is capped at their investment.
General Partners
Individuals in a partnership who are responsible for the management of the enterprise and are personally liable for its debts.
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