Bookkeeping Account. On the Grant Date, the Company shall credit the Employee’s Stock Units to a Stock Units account established and maintained for the Employee on the books of the Company. The account shall constitute the record of the Stock Units awarded to the Employee under this Agreement, is solely for accounting purposes, and shall not require a segregation of any Company assets.
Appears in 9 contracts
Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Borgwarner Inc), Incentive Plan Conversion Award (Phinia Inc.), 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)
Bookkeeping Account. On the Grant Date, the Company shall credit the Employee’s Stock Units to a Stock Units Unit account established and maintained for the Employee on the NAI-1538254782v5 books of the Company. The account shall constitute the record of the Stock Units awarded to the Employee under this Agreement, is solely for accounting purposes, and shall not require a segregation of any Company assets.
Appears in 1 contract
Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.)
Bookkeeping Account. On the Grant Date, the Company shall credit the Employee’s Performance Stock Units to a Performance Stock Units Unit account established and maintained for the Employee on the books of the Company. The account shall constitute the record of the Performance Stock Units awarded to the Employee under this Agreement, is solely for accounting purposes, and shall not require a segregation of any Company assets.. (b)
Appears in 1 contract
Samples: Performance Stock Unit Award Agreement (Phinia Inc.)
