Examples of Deferred Share Unit in a sentence
If the US Director does not select a Redemption Date, his Deferred Share Unit Account shall be redeemed by the Committee in sufficient time so that payment may be made on the last business day of the calendar year following the year in which the Director's Termination Date occurs.
Solely to the extent required by Section 409A, Deferred Share Unit Accounts which become redeemable on account of the Separation From Service of a US Director who is determined to be a Specified Employee shall not be redeemed and paid before the date which is 6 months after the Specified Employee's Separation from Service (or, if earlier, the date of death of the Specified Employee).
The Deferred Share Unit Account of a US Director whose Director's Termination Date results from death shall be redeemed and paid to the US Director's estate during the calendar year next following the calendar year in which the death occurs.
All payments in respect of a Deferred Share Unit shall be made no later than December 31st of the year commencing immediately after the occurrence of the Triggering Event.
Notwithstanding the provisions of Section 6.1 of the Plan to the contrary, the value of a US Director's Deferred Share Unit Account shall be redeemed during the calendar year next following the calendar year in which the US Director's Termination Date occurs.