Book Accounts Clause Samples
Book Accounts. An Account shall be established for each Grantee who makes an Initial Deferral Election. Deferred Stock Units shall be credited to the Account as of the Date an Initial Deferral Election becomes effective. Each Deferred Stock Unit will represent a hypothetical Share credited to the Account in lieu of delivery of the Shares to which an Initial Deferral Election, Regular Deferral Election or a Subsequent Deferral Election applies. If an eligible Grantee makes a Diversification Election, then to the extent an Account is deemed invested in the Income Fund, the Committee shall credit earnings with respect to such Account at the Applicable Interest Rate.
Book Accounts. An Account shall be established for each Grantee who makes a Regular Deferral Election. Deferred Stock Units shall be credited to the Account as of the date a Regular Deferral Election becomes effective. Each Deferred Stock Unit will represent a hypothetical Share credited to the Account in lieu of delivery of the Shares to which a Regular Deferral Election or Subsequent Deferral Election applies. If an eligible Grantee makes a Diversification Election, then to the extent an Account is deemed invested in the Income Fund or Other Investment Fund, the Committee shall credit earnings with respect to such Account in accordance with the terms of the DC Plan.
Book Accounts. An unfunded bookkeeping account (the "Account") has been established to reflect the grant of the RSUs to the Grantee. The Account shall be maintained by the Committee. The RSUs are credited to the Account as of the Date of Grant and dividends or other distributions paid with respect to the shares of Common Stock underlying the RSUs shall be credited to the Account and reinvested in RSUs based on the Fair Market Value at that time. All shares of Common Stock distributed to the Grantee pursuant to the Plan and this Agreement shall be debited from the Grantee's Account.
Book Accounts