Restricted Stock Dividend Account definition

Restricted Stock Dividend Account means the sum of (i) the dividend amounts credited to the Restricted Stock Dividend Account pursuant to Subsection 3.10(c), plus (ii) amounts credited or debited to the Participant’s Restricted Stock Dividend Account pursuant to this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Restricted Stock Dividend Account.
Sample 1

Examples of Restricted Stock Dividend Account in a sentence

  • A Participant shall at all times be 100% vested in his or her Deferral Account, Restricted Stock Account, and Restricted Stock Dividend Account.

  • The amount credited to the Participant's Restricted Stock Dividend Account with respect to a cash or other non-stock dividend shall be equal to (i) the number of shares of Stock credited to the Participant's Restricted Stock Account as of the payment date for such dividend, multiplied by (ii) the fair market value of the dividend on each share of Stock.

  • Any stock dividends, cash dividends, or other non-stock dividends that would have been payable on the Stock credited to a Participant's Restricted Stock Account shall be credited to such Participant's Restricted Stock Dividend Account.

  • The amount credited to the Participant’s Restricted Stock Dividend Account with respect to a cash or other non-stock dividend shall be equal to (i) the number of shares of Stock credited to the Participant’s Restricted Stock Account as of the payment date for such dividend, multiplied by (ii) the fair market value of the dividend on each share of Stock.

  • Except to the extent that a benefit is paid by the Trust, each Employer shall be solely responsible for the payment of benefits under the Plan with respect to Participants in its employ; provided, however, any shares of Stock distributed from a Participant’s Restricted Stock Account and any amounts representing a distribution of the Participant’s Restricted Stock Dividend Account shall be the sole responsibility of the Company.

  • In order to meet the statutory requirement in section 1302(d)(2)(A) that the AV reflect a standard population, the plan would then apply demographic adjustments to standardize the plan population.

  • Any stock dividends, cash dividends, or other non-stock dividends that would have been payable on the Stock credited to a Participant’s Restricted Stock Account shall be credited to such Participant’s Restricted Stock Dividend Account.

  • The amount credited to the Participant’s Restricted Stock Dividend Account with respect to a stock dividend shall be equal to (i) the number of shares of Stock credited to the Participant’s Restricted Stock Account as of the payment date for such dividend, multiplied by (ii) the number of additional shares of Stock paid as a dividend with respect to each share of Stock, divided by (iii) the fair market value of a share of Stock on the payment date for the dividend, as determined by the Administrator.

  • Except to the extent that a benefit is paid by the Trust, each Employer shall be solely responsible for the payment of benefits under the Plan with respect to Participants in its employ; provided, however, any shares of Stock distributed from a Participant's Restricted Stock Account and any amounts representing a distribution of the Participant's Restricted Stock Dividend Account shall be the sole responsibility of the Company.

Related to Restricted Stock Dividend Account

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • 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.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

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

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

  • 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.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • 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.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

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

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • 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 means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • 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;

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • 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.

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.