Share Unit definition

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

Examples of Share Unit in a sentence

  • For the purposes of this Agreement, a “Restricted Share Unit” is the contingent right to receive the equivalent of one (1) Share, in the event the Restricted Share Unit vests and becomes payable pursuant to the terms of this Agreement.


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 bookkeeping entry representing the equivalent of one Share, as awarded under 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 a Share awarded to a Grantee pursuant to Section 10 hereof.
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 either an RSU, PSU or Dividend Share Unit as the context requires.