RSU Stock Units definition

RSU Stock Units means the amount of RSU Compensation deferred that would otherwise be settled in Stock by the Company (but for the Participant's deferral) and that is held by the Participant under the Plan in the Stock Tracking Fund in the form of units that track the Fair Market Value of Stock and that are payable in Stock. Each RSU Stock Unit shall be equivalent to the Fair Market Value of one share of Stock, but shall have no dividend or voting rights.
Sample 1

Examples of RSU Stock Units in a sentence

  • The Company reserves the right to amend or terminate and/or terminate and liquidate this Plan at any time for any reason in its sole, absolute and unfettered discretion, provided that no amendment or termination will reduce the amount of Compensation or the number of RSU Stock Units or RSU Cash Units credited to any Participant's Account.

  • All RSU Compensation settled in Stock shall be credited to the Participant's Account in the form of RSU Stock Units and shall automatically be allocated to a Participant's sub-Account in the Stock Tracking Fund.

  • Amounts credited as RSU Stock Units shall be distributed in the form of Stock and each unit shall equal one share of Stock; provided, however, that any fractional unit attributable to the crediting of a dividend equivalent shall be paid in cash.

  • Upon the elimination of the Stock Tracking Fund, all amounts in the Stock Tracking Fund for each Participant (valued by multiplying the number of a Participant's RSU Cash Units and/or RSU Stock Units in the Stock Tracking Fund as of the date of the event by the Fair Market Value of the Stock as of date immediately prior to the event) shall be transferred to the Applicable Interest Rate Fund as soon as practicable.

  • The number of RSU Stock Units shall be equal to the number of shares of Stock for which the RSUs were settled.

  • All amounts credited as RSU Stock Units shall be distributed to the Participant or his or her Beneficiary in the form of Stock as provided in Section 4.8.

Related to RSU Stock Units

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

  • 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.

  • 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).

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

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

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

  • 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.

  • 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.

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

  • RSUs means restricted stock units.

  • 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.

  • 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.

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

  • 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).

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

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

  • Restricted Share Award means an award of Restricted Shares.

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

  • 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.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • 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.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • 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.

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