DSU Award definition
Examples of DSU Award in a sentence
Pursuant to the terms of the DSU Award Agreement, twenty percent (20%) of the Deferred Stock Units subject to the DSU Award are settled on each anniversary of November 5, 2013, subject to the Executive’s continued service to the Company.
Each Adjusted DSU Award shall otherwise be subject to the same terms and conditions (including the time of payment) applicable to the converted CTWS Deferred Share Unit award under the deferral elections applicable to the award thereunder.
The Executive agrees that the Sale Restriction Agreement, the DSU Award Agreement, the SAR Agreements and the Deferred Compensation Plan will continue to govern your rights thereunder, including, without limitation, any vesting or payment acceleration provisions application upon a change in control or otherwise, as set forth therein, except to the extent modified pursuant to this Agreement (as so modified, the “Modified Compensation Agreements”).
Delivery of Shares in settlement of a DSU Award subject to this Agreement shall be effected by an appropriate entry in the stock register maintained by the Company’s transfer agent with a notice of issuance provided to you, or by the electronic delivery of the Shares to a brokerage account you designate, and shall be subject to compliance with all applicable legal requirements, including compliance with the requirements of applicable federal and state securities laws.
Parent and SpinCo shall take all actions necessary or appropriate so that each outstanding Parent Option, Parent SAR, Parent RSU Award, Parent Performance Share Award and Parent DSU Award (collectively, “Parent Equity Awards”) granted under any Parent Long-Term Incentive Plan held by any individual shall be adjusted as set forth in this Article X.
The Section 409A Separation Date shall be the separation from service or termination of employment date under the SAR Agreements, the DSU Award Agreement and the Deferred Compensation Plan with respect to any “nonqualified deferred compensation,” within the meaning of Section 409A, payable to the Executive thereunder.
The deferred stock units granted pursuant to this DSU Award will be allocated to the Stock Equivalent Portion of Grantee's Account.
Any amounts required to be withheld for applicable taxes ("Required Withholding") with respect to the deferred stock units granted pursuant to this DSU Award (and with respect to the Dividend Equivalents credited thereon) will be satisfied by such means as EDS may require or permit in accordance with the terms of the Plan.
Grantee may file in accordance with the provisions of the Plan a designation of one or more beneficiaries (each, a "Beneficiary") to whom the Grantee's Account, including the right to the payment of the DSU Award, shall pass in the event of the death of Grantee.
If there is no effective Beneficiary designation under the Plan at the time of Grantee's death, or if the designated Beneficiary or Beneficiaries have all predeceased Grantee, the right to payment of the Grantee's Account, including the right to the payment of the DSU Award, shall be determined in accordance with the provisions of the Plan.