DSU Account definition

DSU Account means a bookkeeping account maintained by the Corporation in the name of each Designated Participant showing the number of DSUs credited to such Designated Participant that have not been redeemed or terminated in accordance with the terms of this Plan;

DSU Account means the book entry account established and maintained solely to record and measure the future benefits to be distributed based upon the collective record of a Director’s Stock Unit Account and Dividend Account.

DSU Account means the account set up on behalf of each Participant by the Company in accordance with Section 3.1(d);

Examples of DSU Account in a sentence

• The grant of DSUs and the crediting of DSUs to a Director’s DSU Account should not result in taxable income to the Director at the time of grant.

• For Directors serving on the Board on January 1, 2003, the balances of deferred stock units in any deferred fee accounts maintained by the Company under the Company's Non-Employee Director Deferred Fee Plan in effect on December 31, 2002, or predecessors to that plan, shall be deemed to be transferred to the DSU Accounts established under this Plan, and, together with any other amounts specifically credited to a Director's DSU Account, shall be administered under the terms of this Plan.

• The director’s DSU Account will be credited with the number of DSUs calculated to the nearest thousandth of a DSU, determined by dividing the dollar amount of compensation payable in DSUs on the payment date by the Share Price of a Common Share at the time.

• The DSU Accounts will also be credited with DSUs by multiplying the number of DSUs in the Director's DSU Account by any stock dividends declared by the Company on its common stock.

• If, as a result of a recapitalization of the Company (including stock splits), the Company's outstanding shares of common stock shall be changed into a greater or smaller number of shares, the number of DSUs credited to a Director's DSU Account shall be appropriately adjusted on the same basis.

More Definitions of DSU Account

DSU Account means a recordkeeping account in the Non-Employee Director’s name to which Deferred Stock Units are credited.

DSU Account means an account maintained for the a participant in the DSU Plan;

DSU Account means an account of DSUs established for a holder of DSUs. “DSU Component” means the component(s) of the Plan relating to DSUs.

DSU Account means the recordkeeping account established by the Company for each Independent Director and into which DSUs are credited.

DSU Account means a notional account maintained, or caused to be maintained, by the Corporation or an Affiliate of the Corporation for each Participant employed by that entity, recording at all times the number of Deferred Share Units (including Dividend Equivalents) standing to the credit of a particular Participant.

DSU Account means the notional account of Deferred Share Units and Dividend Deferred Share Units maintained for each Participant.

DSU Account has the meaning ascribed thereto in section 4.2.