Common use of Grant of Stock Units Clause in Contracts

Grant of Stock Units. On January 2, 2004, the Executive shall receive a grant of 300,000 stock units (the "Units"). Such Units shall be evidenced by a Stock Unit Agreement substantially in the form of Exhibit B (the "Stock Unit Agreement"). Each Unit shall represent one share of AEI Common Stock.

Appears in 3 contracts

Samples: Employment Agreement (Potomac Edison Co), Employment Agreement (Allegheny Energy Supply Co LLC), Employment Agreement (Allegheny Energy Inc)

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Grant of Stock Units. On January 2, 2004, the Executive shall receive a grant of 300,000 550,000 stock units (the "Units"). Such Units shall be evidenced by a Stock Unit Agreement substantially in the form of Exhibit B (the "Stock Unit Agreement"). Each Unit shall represent one share of AEI Common Stock.

Appears in 3 contracts

Samples: Employment Agreement (Monongahela Power Co /Oh/), Employment Agreement (Allegheny Energy Supply Co LLC), Employment Agreement (Allegheny Energy Inc)

Grant of Stock Units. On January 2, 2004, the Executive shall receive a grant of 300,000 no less than 1,600,000 and no more than 2,300,000 stock units (the "Units"). Such Units shall be evidenced by a Stock Unit Agreement substantially in the form of Exhibit B (the "Stock Unit Agreement"). B. Each Unit shall represent one share of AEI Common Stock.

Appears in 3 contracts

Samples: Employment Agreement (Allegheny Energy Inc), Employment Agreement (Monongahela Power Co /Oh/), Employment Agreement (Allegheny Energy Supply Co LLC)

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Grant of Stock Units. On January 2, 2004, the Executive shall receive a grant of 300,000 50,000 stock units (the "Units"). Such Units shall be evidenced by a Stock Unit Agreement substantially in the form of Exhibit B (the "Stock Unit Agreement"). Each Unit shall represent one share of AEI Common Stock.

Appears in 2 contracts

Samples: Employment Agreement (Allegheny Energy Inc), Employment Agreement (West Penn Power Co)

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