Allegion Stock Account definition

Allegion Stock Account means, for each Plan Year, (i) the sum of all of a Participant’s Deferral Amounts that are deemed to be invested in Allegion Stock, plus (ii) amounts credited in accordance with all the applicable crediting provisions of the Plan that relate to the Participant’s Allegion Stock Account, less (iii) all distributions made to the Participant or to the Participant’s Beneficiary pursuant to the Plan that relate to the Participant’s Allegion Stock Account.
Sample 1

Examples of Allegion Stock Account in a sentence

  • To the extent an agreement between the Company and the Participant contains provisions governing the deemed investment of Discretionary Company Contributions made on behalf of the Participant, the deemed investment provisions of such agreement shall apply, provided that, in no event may Discretionary Company Contributions be deemed to be invested in the Allegion Stock Account.

  • Having brought up an Unknown result, Marie checked the safe list at Hayward Moon, which is regularly kept up to date and used as part of the firm’s policies and procedures.

  • All amounts in a Participant’s Allegion Stock Account and payable to a Participant or Beneficiary under the Plan shall be paid in Allegion Stock.

  • All Stock Based Awards and Deferral Amounts that are deemed, at the Participant’s election, to be invested in Allegion Stock shall be credited to the Participant’s Allegion Stock Account as described in Section 6.4. Each Participant’s Deferral Account shall be divided into Investment Option Subaccounts.

  • Notwithstanding anything to the contrary, Allegion Stock credited to a Participant’s Allegion Stock Account may not be designated by the Participant to be deemed to be invested in any other investment option and shall remain allocated to Allegion Stock in such Allegion Stock Account until distributed from the Plan.

  • On the day a Deferral Amount is credited to a Participant’s Allegion Stock Account, the Administrative Committee shall credit the Allegion Stock Account with an amount equal to the Participant’s Deferral Amount.

  • A Transferred Balance attributable to amounts, if any, credited to the Participant’s IR Stock Account under either Predecessor Plan shall be allocated to his Allegion Stock Account under this Plan, with a subaccount established for any portion of such Transferred Balance which is allocated to the Participant’s EDCP I Account.

  • If there is any change in the number or class of shares of Allegion Stock through the declaration of a stock dividend or other extraordinary dividends, or recapitalization resulting in stock splits, or combinations or exchanges of such shares or in the event of similar corporate transactions, the units in each Participant’s Allegion Stock Account shall be equitably adjusted to reflect any such change in the number or class of issued shares of Allegion Stock or to reflect such similar corporate transaction.

  • Dividends paid on Allegion Stock shall be reflected in a Participant's Allegion Stock Account by the crediting of additional units or fractional units.

  • No Participant shall have any rights or privileges of a stockholder of Allegion plc under the Plan as a result of the crediting of units to a Participant’s Allegion Stock Account under the Plan, except at such time as distribution is actually made from the Participant’s Allegion Stock Account.

Related to Allegion Stock Account

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • DSUs means the deferred share units granted under the DSU Plan;

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Plan Shares means shares of Common Stock held in the Trust which are awarded or issuable to a Participant pursuant to the Plan.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Employer Stock means securities of the Employer which constitute "qualifying employer securities" with respect to the Plan within the meaning of Section 407 of ERISA.