Deferred Fee Stock Account definition

Deferred Fee Stock Account means the Company’s bookkeeping account (including subaccounts relating to each Fee Deferral Election by a Participant) for a Participant that is separately accounted for and to which Deferred Fees are credited with Stock Units attributable to the Participant’s hypothetical investment in Common Stock.
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Examples of Deferred Fee Stock Account in a sentence

  • I understand that each amount credited to my Deferred Fee Stock Account pursuant to this Agreement shall be deemed to be invested in Stock Units until payment/distribution of the balance of the subaccount relating thereto.

  • A Participant or a Participant’s Personal Representative may submit an application for a payment/distribution from the Participant’s Deferred Fee Stock Account because of an Unforeseeable Emergency.

  • If a Participant dies prior to the payment of all amounts credited to the deceased Participant’s Deferred Fee Stock Account, the balance thereof shall be paid in whole shares of Common Stock to the Participant’s Beneficiary in a single lump sum within sixty (60) days following such Termination (provided that the Participant’s Beneficiary shall not designate (directly or indirectly) the calendar year of payment if such sixty (60) day period begins in one calendar year and ends in the next calendar year).

  • The Deferred Fee Stock Account shall be credited on each Accounting Date with Stock Units equal to the number of shares of Common Stock (including fractions of a share) that could have been purchased with the amount of such Deferred Fees at the Fair Market Value on the Accounting Date.

  • The Fees deferred pursuant to this Agreement that are credited to your Deferred Fee Stock Account will be paid/commence to be paid to you within sixty (60) days following the date the date you die or otherwise incur a Termination.

  • For each Participant who makes a Fee Deferral Election, there shall be established a Deferred Fee Stock Account to which there shall be credited any Deferred Fees as of each Credit Date.

  • Except as otherwise provided in the Plan and except as may be allowed in guidance from the Secretary of the Treasury, payments/distributions from a Participant’s Deferred Fee Stock Account may not be made earlier than the time such amounts would otherwise be paid/distributed pursuant to the terms of the Plan.

  • I hereby elect that the distribution of the Fees deferred pursuant to this Agreement that are credited to my Deferred Fee Stock Account made on account of my Termination be paid as follows: (check one) in a single lump sum payment OR in three substantially equal annual installments I understand that Plan payments/distributions made on account of an Unforeseeable Emergency or my death will be made in a single lump sum payment.

  • I hereby elect that the distribution of the Fees deferred pursuant to this Agreement that are credited to my Deferred Fee Stock Account made on account of my Termination be paid as follows: (check one) ¨ in a single lump sum payment OR in ¨ Three substantially annual installments I understand that Plan payments/distributions made on account of an Unforeseeable Emergency, or my death, will be made in a single lump sum payment.

  • Political theorists and philosophers should adopt a more nuanced approach that can differentiate between different failures of legitimacy instead.

Related to Deferred Fee Stock Account

  • 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 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.

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

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

  • 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;

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

  • 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.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • 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.

  • 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 Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • 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;

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

  • 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;

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

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

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

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

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

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

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

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.