Director Stock Unit Award definition

Director Stock Unit Award means a deferred payment award payable in Common Stock based on Director Stock Units credited to a Director Stock Unit Account under Section 10.
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Director Stock Unit Award means any Director Fees or other compensation earned by a Director in the form of Stock Unit Awards.
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Examples of Director Stock Unit Award in a sentence

  • These Terms and Conditions of Director Stock Unit Award (these “Terms”) apply to a particular stock unit award (the “Award”) if incorporated by reference in the Notice of Stock Unit Grant (the “Grant Notice”) corresponding to that particular grant.

  • The specific terms, conditions and provisions for each Director Stock Unit Award and elections (and of deferred compensation stock unit accounts under the Deferral Plan that have been converted into Director Stock Unit Accounts under this Plan) are set forth in Appendix A to this Plan, incorporated herein and in each Award Agreement under this Section 10 by this reference.

  • Name of Grantee: [______] Number of Stock Units: [______] Date of Grant: [______]Vesting: [Vesting Schedule for Annual RSU Awards: Subject to earlier termination as provided in the attached Terms and Conditions of Director Stock Unit Award, if you are providing services as a member of the Board on the applicable vesting date, one-twelfth (1/12) of the units covered by the award shall become earned and vested on the [__] day of each of the first twelve months following the Date of Grant.

  • At the Effective Time, each Company Director Stock Unit outstanding as of the Effective Time shall be converted automatically into the vested right to receive an amount in cash equal to the product of (A) the Cash Amount Per Share, multiplied by (B) the outstanding number of shares of Company Common Stock subject to the Director Stock Unit Award.

  • Here combining the recommendations reduced the costs of Recommendations A and B to 2.7% of SHC sales (the difference between DRF savings and SHC & PHC savings in the table) from 3.0%, the sum of the recommendations individually.

  • The ‘178 application as filed contained original claims 1-13, 16, 39-41, 47-49, and 55-57,which the PTO had assigned to restriction Groups I and V.

  • An eligible Director who executes a Non-Employee Director Stock Unit Award Agreement or who has previously deferred fees under the Plan and who continues to have an account balance greater than zero will be considered a "Participant" for purposes of these Terms and Conditions and the Plan.

  • The specific terms, conditions and provisions for each Director Stock Unit Award and elections (and of deferred compensation stock unit accounts under the Deferral Plan that have been converted into Director Stock Unit Accounts under this Plan) are set forth in Appendix A-2 to this Plan, incorporated herein and in each Award Agreement under this Section 10 by this reference.

  • These Terms and Conditions of Director Stock Unit Award (these “Terms”) apply to a particular award (“Award”) of restricted stock units (“Stock Units”) if referenced in the Notice of Grant of Director Stock Units (“Grant Notice”) corresponding to that particular Award.

Related to Director Stock Unit Award

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

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

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

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

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

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

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

  • 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.

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

  • 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.

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

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • 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.

  • 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.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • 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.

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

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.