Change in Control Deferred Stock Units definition

Change in Control Deferred Stock Units means, with respect to each Tranche for which the applicable Vesting Date is after the effective date of a Change in Control, (A) the Target Number of Deferred Stock Units subject to such Tranche, multiplied by (B) the Payout Factor, multiplied by (C) a fraction, the numerator of which shall be the number of days that elapsed during the applicable Performance Period through the effective date of the Change in Control, and the denominator of which shall be the total number of days in the applicable Performance Period, and in the case of Tranche Three, less the number of Deferred Stock Units or Change in Control Deferred Stock Units that vested in Tranche One and Tranche Two.
Sample 1Sample 2
Change in Control Deferred Stock Units means, with respect to each Tranche for which the applicable Vesting Date is after the effective date of a Change in Control, (A) the Target Number of Deferred Stock Units subject to such Tranche, multiplied by (B) the Payout Factor, multiplied by (C) a fraction, the
Sample 1
Change in Control Deferred Stock Units means with respect to each Tranche consisting entirely of Non-Vested Deferred Stock Units immediately prior to the effective date of a Change in Control, the number of Deferred Stock Units subject to each Tranche (i.e., Tranche One, Tranche Two, and/or Tranche Three) as multiplied by the Payout Factor, multiplied by a fraction, the numerator shall be the number of days that elapsed during the period beginning on [ ] and ending on the effective date of the Change in Control, and the denominator shall be the number of days in the Performance Period applicable to Tranche for which the Change in Control Deferred Stock Units is being determined.
Sample 1

Examples of Change in Control Deferred Stock Units in a sentence

  • In the event that during the Participant's Continuous Service, a Change in Control occurs prior to the last day of a Performance Period, the Change in Control Deferred Stock Units shall become immediately vested as of the effective date of the Change in Control and all Performance Periods shall be deemed completed.

  • In the event that during the Participant’s Continuous Service, a Change in Control occurs during a Performance Period, the Change in Control Deferred Stock Units shall become immediately vested as of the effective date of the Change in Control.

  • If the recapitalization or reorganization results in a Change in Control, Deferred Stock Units shall be payable pursuant to Section 4.1.

  • If the Acquisition results in a Change in Control, Deferred Stock Units shall be payable pursuant to Section 4.1.


More Definitions of Change in Control Deferred Stock Units

Change in Control Deferred Stock Units means with respect to each Tranche consisting entirely of Non-Vested Deferred Stock Units immediately prior to the effective date of a Change in Control, the number of Deferred Stock Units subject to each Tranche (i.e., Tranche One, Tranche Two, and/or Tranche Three) as multiplied by the Payout Factor, multiplied by a fraction, the numerator shall be the number of days that elapsed during the period beginning on[ ] and ending on the effective date of the Change in Control, and the denominator shall be the number of days in the Performance Period applicable to Tranche for which the Change in Control Deferred Stock Units is being determined.
Sample 1

Related to Change in Control Deferred Stock Units

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

  • 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.

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

  • 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.

  • 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 Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • 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.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Share Unit or “PSU” 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 6;

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).