Common Stock Unit definition

Common Stock Unit means the right to receive dividends in respect of the Common Stock and the right to receive the Fair Market Value of a Unit.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Common Stock Unit means a right to receive one share of Common Stock.

Common Stock Unit means a hypothetical share of Common Stock.

Examples of Common Stock Unit in a sentence

This Common Stock Unit Agreement (the “Agreement”), entered into as of (the “Agreement Date”), by and between Sunoco, Inc.
Upon making an award, the Committee shall determine (and the Common Stock Unit Agreement shall state) the length of the applicable period during which employment must be maintained or certain performance targets must be attained (the "Performance Period").
The Company agrees that the number of shares of Common Stock, Unit Warrants or other Securities sufficient to provide for the exercise of the Warrant upon the basis set forth above will at all times during the term of the Warrant be reserved for issuance upon exercise of the Warrant.
This Common Stock Unit Agreement (the “Agreement”), entered into as of the (“Agreement Date”), by and between Sunoco, Inc.
The Company agrees that the number of shares of Common Stock, Unit Warrants or other Securities sufficient to provide for the exercise of the Warrant upon the basis set forth above will at all times during the term of the Warrant be reserved for exercise.

More Definitions of Common Stock Unit

Common Stock Unit means the bookkeeping entry representing the equivalent of one share of Common Stock.

Common Stock Unit means a bookkeeping entry that serves as a unit of measurement relative to a share of Common Stock for purposes of determining the payment of a benefit under this Plan. Such Common Stock Units are not outstanding shares and do not entitle a Participant to any dividend, voting or other rights in respect of any Common Stock.

Common Stock Unit means the right to receive dividends in respect of the Common Stock and the right to receive the fair market value of one unit of Common Stock as determined under the recordkeeping procedures established for the Company Stock Fund under the Qualified Savings Plan.

Common Stock Unit means a bookkeeping entry representing a share of Common Stock, whether first allocated to the Common Stock Measurement Fund or acquired by reinvestment of Dividend Equivalent Units, which is credited to the Common Stock Measurement Fund or an Incentive Account maintained hereunder.

Common Stock Unit means a unit representing one share of Common Stock.

Common Stock Unit means a derivative security of the Company entitling the holder thereof to receive (i) at the time of the payment of any cash or stock dividend by the Company on its Common Stock (other than a stock dividend effectuating a stock split), that amount of cash or that number of shares distributed to the holder of a share of Common Stock and (ii) at the time of payment of Proceeds pursuant to the terms hereof and any Election Form, one share of Common Stock.

Common Stock Unit means a Deferred Amount which is converted into a unit for purposes of this Plan by dividing a dollar amount by the Fair Market Value of a share of the Company's common stock.