Deferred Share Units definition

Deferred Share Units mean Awards pursuant to Section 9 of the Plan.

Deferred Share Units means Awards pursuant to Section 10 of the Plan.

Deferred Share Units means a right, granted in accordance with Section 8 hereof, to receive a Share or a cash payment equal to the Market Value of a Share, as determined by the Granting Authority, that is settled, if at all, only after the Participant's retirement, death or cessation or termination of office or employment, as described herein.

Examples of Deferred Share Units in a sentence

• Deferred Share Units Under the Plan, DSUs are granted to non-executive directors as approved by the Company’s Board of Directors.

• However, the Corporation shall have no obligation to modify the Plan or any Deferred Share Unit and does not guarantee that Deferred Share Units will not be subject to taxes, interest and penalties under Code Section 409A.

• The Board may from time to time determine to grant Deferred Share Units to one or more Eligible Directors in a lump sum amount or on regular intervals, based on such formulas or criteria as the Board may from time to time determine.

• The Deferred Share Units held by each Eligible Director who is not a US Taxpayer shall be redeemed automatically and with no further action by the Eligible Director on the 20th business day following the Separation Date for that Eligible Director.

• Each grant of Deferred Share Units must be confirmed by a Grant Agreement signed by the Corporation and the Participant.

More Definitions of Deferred Share Units

Deferred Share Units means PSUs that have been deferred pursuant to the terms of this Plan (or pursuant to the UTC LTIP PSU Deferral Plan for periods prior to the Spin-off), and dividend equivalents that are credited and invested pursuant to Section 7.1.

Deferred Share Units means a right, granted in accordance with Section 7 hereof, to receive a Share that is settled, if at all, only after the Participant’s Eligible Retirement, death or cessation or termination of office or employment, as described herein;

Deferred Share Units or “DSUs” means a unit credited by means of a bookkeeping entry to the account of an Eligible Participant in accordance with the provisions hereof, the value of which, on a particular date, shall be equal to the Market Price of one Common Share;

Deferred Share Units means a right to receive Shares awarded under Section 10.5.

Deferred Share Units means a right, granted in accordance with section 6 hereof, to receive a Share

Deferred Share Units or “DSUs” means a bookkeeping entry, denominated in Shares, credited to the Deferred Share Unit Account of a Designated Participant in accordance with the provisions hereof;

Deferred Share Units or “DSUs” means deferred share units of SNDL granted pursuant to the Deferred Share Unit Plan;