Common use of Share Units Clause in Contracts

Share Units. Subject to the terms and conditions set forth herein, (a) As of March 1, 1999, the Company shall establish and maintain bookkeeping accounts for the Key Employee relating to the Grant under the Deferral Plan consisting of a "Cash Account" and a "Share Account." (b) As of March 1, 1999, there shall be credited to the Share Account a number of Share Units (as defined in the Deferral Plan) equal to the Grant Number. From and after the time of such credit, the Key Employee shall have the rights afforded under the Deferral Plan in respect of Share Units so credited, except that such Share Units shall be subject to vesting and forfeiture as set forth below.

Share Units. Subject to the terms and conditions set forth herein, (a) As of March April 1, 19992002, the Company shall establish and maintain bookkeeping accounts for the Key Employee relating to the Grant under the Deferral Plan consisting of a "Cash Account" and a "Share Account." (b) As of March April 1, 19992002, there shall be credited to the Share Account a number of Share Units (as defined in the Deferral Plan) equal to the product of the Grant NumberNumber multiplied by the Share Deferral Percentage. From and after the time of such credit, the Key Employee shall have the rights afforded under the Deferral Plan in respect of Share Units so credited, except that such Share Units shall be subject to vesting and forfeiture as set forth below.