Deferred Compensation Unit definition

Deferred Compensation Unit means a unit equal in value to one share of Common Stock and posted to a Participant’s Account for the purpose of measuring the benefits payable under the Plan.
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Deferred Compensation Unit means a unit equal in value to one share of Common Stock and posted to a Participant's Account for the purpose of measuring the benefits payable under the Plan. The number of Deferred Compensation Units in an Account or posted to an Account shall be rounded to the nearest one-hundredth. In the event that shares of Common Stock shall be changed into or exchanged for a different number or kind of shares of stock or other securities of the Company or another corporation (whether by reason of merger, consolidation, recapitalization, split-up, combination of shares or otherwise), or if the number of shares of Common Stock shall be increased through a stock split or the payment of a stock dividend, then there shall be substituted for or added to each Deferred Compensation Unit the number and kind of shares of stock or other securities into which each outstanding share of Common Stock shall be so changed, or for which each such share shall be exchanged, or to which each such share shall be entitled, as the case may be.
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Deferred Compensation Unit means, at any time of determination, any -------------------------- Class A Unit held by the Trustee under the Deferred Compensation Plan and credited to a Participant's Compensation Deferral Account with respect to which such Participant has not forfeited and otherwise retains his or her interest at such time.
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Examples of Deferred Compensation Unit in a sentence

  • For each share of Owned Stock or Deferred Compensation Unit, the Company shall pay to Executive the highest fair market value per share of the common stock on any date during the period beginning six (6) months prior to the date of Executive's election pursuant to this Section.

  • The holders of Options and Deferred Compensation Units shall not be, nor have any of the rights or privileges of, shareholders of the Company in respect of any shares purchasable upon the exercise of any part of an Option or distributable pursuant to a Deferred Compensation Unit unless and until certificates representing such shares have been issued by the Company to such holders.

  • Neither the amendment, suspension nor termination of the Plan shall, without the consent of the holder of an Option or Deferred Compensation Unit, impair any rights or obligations under any Option or Deferred Compensation Unit theretofore granted.

  • The number of shares of Common Stock distributable pursuant to each Deferred Compensation Unit shall be charged against the maximum number of shares of Common Stock that may be issued under this Plan at any time.

  • No further awards shall be made under the Deferred Compensation Unit Plan, which Plan shall be terminated, and benefits thereunder shall be distributed as determined by the Committee.

  • Any DCU granted to a Participant under this MSPP shall be credited to a Deferred Compensation Unit bookkeeping account maintained by the Company for such Participant.

  • A Deferred Compensation Unit is a measuring device that measures the amount of deferred compensation to be paid to the Executive in accordance with the terms of this Agreement.

  • The number of Deferred Compensation Units outstanding, and the value of a Deferred Compensation Unit, shall be adjusted by the Board to equitably reflect any changes in the number of shares of Common Stock outstanding.

  • Except as provided in Section 6, after a Deferred Compensation Unit vests, no payment shall be made with respect to the Deferred Compensation Unit until the occurrence of a Triggering Event.

  • On January 1, 1996 the UWR board of directors replaced its existing directors' deferred compensation plan with the United Water Resources and Subsidiaries Non-Employee Directors' Deferred Compensation Unit Plan.


More Definitions of Deferred Compensation Unit

Deferred Compensation Unit means the measurement units described in Section 3.1(a).
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Deferred Compensation Unit means, at any time of determination, any Class A Unit held by the Trustee under the Deferred Compensation Plan and credited to a Participant's Compensation Deferral Account with respect to which such Participant has not forfeited and otherwise retains his or her interest at such time.
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Deferred Compensation Unit means an amount equal to one Capital Unit of Employer.
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Deferred Compensation Unit means a unit equal in value to one share of Common Stock and posted to a Participant's Account for the purpose of measuring the
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Related to Deferred Compensation Unit

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Incentive-Based Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.