Director Annual Stock Unit definition

Director Annual Stock Unit means a restricted stock unit granted to a Non-Employee Director pursuant to Section 7 hereof.
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Director Annual Stock Unit means either a Director Annual Phantom Stock Unit or a Director Annual Restricted Stock Unit.
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Examples of Director Annual Stock Unit in a sentence

  • The transfer of the corresponding number of shares of Common Stock equal to the number of Director Annual Stock Units being settled ( or any fractional Director Annual Stock Unit being rounded up to the next whole Director Annual Stock Unit) to the brokerage account designated by the Participant to the Company in writing prior to settlement.

  • Each Director Annual Stock Unit shall represent the unsecured promise of the Company to transfer to the Participant, on the settlement date of such Unit and subject to the terms and conditions set forth in this Notice of Award, one share of the Company’s common stock, par value $0.01 per share (“Common Stock”).

  • Delivery of a stock certificate or certificates representing the number of shares of Common Stock equal to the number of Director Annual Stock Units being settled ( any fractional Director Annual Stock Units being rounded up to the next whole Director Annual Stock Unit).

  • Anything herein to the contrary notwithstanding, settlement of a Director Annual Stock Unit shall not occur on a date on which the Company’s policies then in effect prohibit the Participant from engaging in transactions in the Company’s securities.

Related to Director Annual Stock Unit

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

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

  • 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 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.

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

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

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

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

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

  • Director Option means an Option granted pursuant to Section 6.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • 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.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.