DEU Plan definition
DEU Plan means the former deferred entitlement share plan of Pengrowth providing for the grant of DEUs to employees, officers and directors of Pengrowth and consultants to Pengrowth designated by the board of directors of Pengrowth for participation in the DEU Plan;
DEU Plan means the Deferred Equity Unit Plan of the Fund, and following the Conversion, the Amended and Restated Deferred Share Unit Plan (Executive DSU Plan – Three Year Vesting) of Newco;
Examples of DEU Plan in a sentence
Satisfaction of the income tax remittance obligation with respect to the DEUs, DSUs, PSUs and RSUs will be satisfied by way of the withholding by Pengrowth from the Cash Consideration payable pursuant to the DEUs, DSUs, PSUs and RSUs or, if settled in Shares, from either the Shares issuable in accordance with the LTIP or DEU Plan or the Cash Consideration payable in exchange for the Shares issuable pursuant thereto, in accordance with the LTIP.