Deferred Shares Account definition

Deferred Shares Account means the account described in Section 8(d).
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Deferred Shares Account or “Account” shall mean the separate account established under the Plan for each Participant, as described in Section 3.2.
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Deferred Shares Account means the Account, established pursuant to SECTION FIVE, to which is credited with Deferred Shares as provided herein.
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Examples of Deferred Shares Account in a sentence

  • The Company, through its accounting records, shall establish a Deferred Shares Account and a Cash Account, and, as necessary, a Matching Shares Account for each Participant who elects to defer a Bonus as provided in Section A 4.1. A 6.2 CREDITING OF DEFERRAL COMMITMENTS AND MATCHING CONTRIBUTIONS.

  • The Short-Term Payout shall be a lump sum distribution of Shares equal to the number of the Deferred Shares in the Deferred Shares Account.

  • Upon the termination of a Participant's services as a Director, the payment of the Deferred Shares remaining in his Deferred Shares Account shall commence within 60 days following the date the Participant ceases to be a Director and shall be paid in accordance with the method elected by the Participant on the applicable Notice Form or Forms, as provided in Section 5.2.

  • The Participant shall elect irrevocably to receive such Deferred Shares and related Matching Shares as an in-service distribution of Stock under one of the forms provided in Section A 7.3. (b) A Participant may irrevocably elect to receive an in-service distribution of cash equal to the amount of the dividend equivalent to be credited to his or her Deferred Shares Account pursuant to Section A 6.4(a)(i) as of the payment date of a cash dividend on Shares.

  • The Plan may at any time or from time to time be amended, modified, or terminated by the Board of Directors, provided that no amendment, modification or termination shall (a) adversely affect the balance in a Participant's Deferred Shares Account without his consent or (b) permit payment of such balance prior to the date specified pursuant to Sections 4.1 and 5.2 (except for payments provided in Section 5.3) without his consent.

  • Given the COVID-19 pandemic, HUD released guidance for CoCs on conducting the federal mandated bi-annual unsheltered Point in Time (PIT) count highlighting the importance on prioritizing the safety of volunteers, staff and people experiencing homelessness by following COVID-19 safety basics.

  • The installment shares will be calculated by prorating the total number of Deferred Shares in the Deferred Shares Account equally over the applicable payout period.


More Definitions of Deferred Shares Account

Deferred Shares Account means the Account established for a Participant and credited with Share Equivalents as the result of (i) a Participant's election to defer Stock Option Gains, Performance Share Awards, or Restricted Stock Awards; or (ii) the deferral of Dividend Equivalents.
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Deferred Shares Account means an account for a Non- Employee Director to which all or portions of a Non-Employee Director's fees have been or are to be credited in the form of shares of Common Stock. 1.7 Director Fees shall mean all directors' fees, including annual retainer fees, regular and special meeting fees and committee fees, paid to the Non-Employee Directors by the Company each year. 1.8 Effective Date shall have the meaning ascribed to such term in Section 2.2 of the Plan. 1.9 Employee shall mean any employee of the Company or any of its Subsidiaries. 1.10 Exchange Act shall mean the Securities Exchange Act of 1934, as amended. 1.11 Fair Market Value shall mean, as applied to a specific date, the closing price for the Common Stock on such date as reported in the New York Stock Exchange-Composite Transactions by The Wall Street Journal, or if no Common Stock was traded on such date, on the next preceding day on which Common Stock was so traded. If the Common Stock is not listed and traded on the New York Stock Exchange, the Fair Market Value shall mean, as applied to a specific date, the closing price for the Common Stock on such date as reported on such other principal United States securities exchange registered under the Exchange Act on which the Common Stock is listed, or if the Common Stock is not listed on any such exchange, the highest closing bid quotation with respect to a share of Common Stock on the National Association of Securities Dealers, Inc. Automated Quotations System. 1.12 Non-Employee Director shall mean any person who is a member of the Board, but who is not currently an Employee, nor has been an Employee during the preceding twelve-month period. 1.13 Option shall mean the right of an Optionee to purchase Common Stock in accordance with the provisions of this Plan. Such options are intended to be nonqualified stock options that are outside the scope of the provisions of Section 422 of the Code. 1.14 Option Agreement shall mean the agreement evidencing the grant of an Option entered into between the Optionee and the Company pursuant to Section 6.2 of the Plan. 1.15 Optionee shall mean any Non-Employee Director who satisfies the eligibility requirements of Section 3.1 of the Plan and is entitled to receive an Option under the Plan in accordance with Section 6.1. 1.16 Option Price shall mean the price per share of Common Stock to be paid by an Optionee upon exercise of an Option, as stated in the Option Agreement. 1.17 Permanent Disability shall mean "p...
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Related to Deferred Shares Account

  • 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 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.

  • 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.

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

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

  • 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;

  • 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;

  • 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;

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

  • 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.

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

  • 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.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • 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.

  • Investment Account As defined in Section 3.12(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 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 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.

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

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

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

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

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

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.