Duke Energy Common Stock - Stock Deferrals Subaccount definition

Duke Energy Common Stock - Stock Deferrals Subaccount means the subaccount established and maintained pursuant to Section 6.3.
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Examples of Duke Energy Common Stock - Stock Deferrals Subaccount in a sentence

  • Distributions from the Participant’s Duke Energy Common Stock - Stock Deferrals Subaccount shall be on an annual, rather than a monthly basis, and the formula set forth above shall be reformed accordingly.

  • No transfers may be made into or out of the Duke Energy Common Stock - Stock Deferrals Subaccount.

  • The main sources and uses of liquidity at Aegon N.V. are dividends from subsidiaries and to shareholders, movements in debt, net expenses (including interest), funding operations, and the balance of acquisitions and divestitures.

  • The amounts in the Duke Energy Common Stock - Stock Deferrals Subaccount shall be credited and maintained as units of a share-based phantom investment that mirrors the performance of the Company’s common stock (with cash dividends reinvested).

  • Dividend equivalents, to the extent deferred, shall also be deferred and credited to the Participant’s Duke Energy Common Stock - Stock Deferrals Subaccount commencing on the payment date of the first cash dividend of the Company’s common stock that is declared after the date on which the deferred LTIP Award vests.

  • Upon the date that an LTIP Award that the Participant has elected to defer otherwise would have been payable, the number of shares of stock or the cash payment that would have become so payable but for the Deferral Election shall be credited to the Duke Energy Common Stock - Stock Deferrals Subaccount.

  • The amounts in the Duke Energy Common Stock - Stock Deferrals Subaccount shall be credited and maintained as units of a phantom investment that mirrors the performance of Duke Energy Corporation common stock (with cash dividends reinvested).

  • Amounts credited to the Legacy Progress Plans that are required to remain invested in an Investment Option that mirrors the performance of the Company’s common stock shall be transferred to the Duke Energy Common Stock - Stock Deferrals Subaccount.

  • Upon the date that an LTIP Award that the Participant has elected to defer otherwise would have been payable, the number of shares of stock or the cash payment that would have become so payable but for the deferral election shall be credited to the Duke Energy Common Stock - Stock Deferrals Subaccount.

  • Such election must be made by the Participant at the time the Participant elects to defer receipt of the related LTIP Award pursuant to the terms of Section 4.3. Dividend equivalents that have been deferred shall be credited to the Participant’s Duke Energy Common Stock - Stock Deferrals Subaccount as of the dates such amounts would otherwise become payable pursuant to such LTIP Award.

Related to Duke Energy Common Stock - Stock Deferrals Subaccount

  • 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.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

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

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • 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.

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

  • 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;

  • 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 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 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.

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

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

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

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • 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;

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

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

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • 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;

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

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