Share Unit definition

Share Unit means either an RSU or a PSU, as the context requires.

Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

Share Unit means a Performance Share Unit or a Restricted Share Unit.

Examples of Share Unit in a sentence

• Each Performance Share Unit represents the right to receive a share of Common Stock (a “Share”) and dividend equivalent amounts corresponding to the Share, subject to the terms and conditions of this Agreement and the Plan.

• Such dividend equivalents will be in an amount of cash per Performance Share Unit equal to the cash dividend paid with respect to one Share, subject to applicable required tax withholding.

• Xxxxx Technologies, Inc.’s grant of performance based Restricted Stock Units with a grant date specified in the Performance Share Unit Award Agreement (“Grant Date”), is conditioned upon my execution of this Agreement, in consideration of Xxxxx Technologies, Inc.’s grant of such performance based Restricted Stock Units and the mutual promises contained in this Agreement, Xxxxx Technologies, Inc.

• Each Restricted Share Unit granted hereunder shall represent the right to receive one Share upon the date on which the restrictions applicable to such Restricted Share Unit lapse.

• The Distribution Equivalents accrued on the Shares underlying the Restricted Share Unit that do not vest and are forfeited shall be automatically forfeited without notice for no consideration on the date such Restricted Share Unit is forfeited.

More Definitions of Share Unit

Share Unit means a unit credited to a Participant’s account in accordance with the terms and conditions of the Plan.

Share Unit means a right awarded to a Participant to receive a payment as provided in Article 4 hereof and subject to the terms and conditions of this Plan;

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

Share Unit means a RSU or PSU, as the context requires;

Share Unit means a bookkeeping entry representing the equivalent of one share of Common Stock that is payable in the form of Common Stock, cash, or any combination of the foregoing.

Share Unit means a bookkeeping entry representing the equivalent of a Share awarded to a Grantee pursuant to Section 10 hereof.

Share Unit means a RSU and/or PSU, as the context requires;