Common use of Stock Unit Account Clause in Contracts

Stock Unit Account. Northern shall maintain an account (“Stock Unit Account”) on its books in the name of the Participant which shall reflect the number of Stock Units awarded to the Participant that the Participant is eligible to receive in distribution pursuant to Paragraph 6 of this Agreement.

Appears in 20 contracts

Samples: Director Stock Agreement (Northern Trust Corp), Form of Stock Unit Agreement (Northern Trust Corp), Stock Agreement (Northern Trust Corp)

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Stock Unit Account. Northern shall maintain an account (“Stock Unit Account”) on its books in the name of the Participant Advisory Director which shall reflect the number of Stock Units awarded to the Participant Advisory Director that the Participant Advisory Director is eligible to receive in distribution pursuant to Paragraph 6 of this Agreement.

Appears in 1 contract

Samples: Settled Stock Unit Agreement (Northern Trust Corp)

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