Deferred Share Unit definition

Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

Deferred Share Unit means a deferred share unit Award that represents an unfunded and unsecured promise to deliver Shares in accordance with the terms of the applicable Award Agreement.

Deferred Share Unit means the agreement by the Company to pay, and the right of the Participant to receive, a Deferred Share Unit Payment for each Deferred Share Unit held, evidenced by way of book-keeping entry in the books of the Company and administered pursuant to this Plan.

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.

More Definitions of Deferred Share Unit

Deferred Share Unit means a right to receive on a deferred basis a payment in either Shares or cash as provided in Section 5.3 hereof and subject to the terms and conditions of this Plan and the applicable Award Agreement;

Deferred Share Unit means a unit credited to a Participant’s account in the books of the Company under Article X, which represents the right to receive one Share of Company Common Stock or cash equal to the Fair Market Value thereof on settlement of the account.

Deferred Share Unit means an Award denominated in units that provides the holder thereof with a right to receive Shares or cash or a combination thereof upon settlement of the Award, granted under Article 9 herein and subject to the terms of this Plan.

Deferred Share Unit or “DSU” means a unit designated as a Deferred Share Unit representing the right to receive one Share or the Cash Equivalent in accordance with the terms set forth in the Plan;

Deferred Share Unit means a deferred share unit granted in accordance with Section 8.1, the value of which on any particular date shall be equal to the Market Price of one Share, and that represents the right to receive cash and/or Shares equal to the Market Price of one Share on settlement of the Deferred Share Unit;

Deferred Share Unit or “DSU” means any right granted under Article 5 of this Plan; “Director” means a director of the Corporation who is not an Employee;

Deferred Share Unit or “DSU” shall mean a deferred share unit of the Corporation credited to a Participant’s account in accordance with the terms and conditions of the Plan.