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

  • On the maturity date, the Company shall, subject to Sections 7.4 and 7.5, transfer to the Participant one unrestricted, fully transferable Share for each Restricted Share Unit scheduled to be paid out on such date and not previously forfeited.

  • The date on which payment and settlement occurs is referred to as the “Settlement Date.” Settlement of vested Restricted Share Units on a Settlement Date shall be made in the form of shares of Stock with one share of Stock being issued in settlement of each vested Restricted Share Unit and the Company will enter the Grantee's name on the books and records of the Company as the shareholder of record with respect to the shares of Stock delivered to the Grantee.

  • Upon the settlement of any vested Restricted Share Unit, the Restricted Share Unit shall be cancelled.

  • The Group launched two share-based plans, the Restricted Stock Unit (“RSU”) and the Performance Share Unit (“PSU”).

  • The Administrator will determine and set forth in the Award Agreement 5the terms and conditions for each Restricted Share and Restricted Share Unit Award, subject to the conditions and limitations contained in the Plan.


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 RSU or PSU, as the context requires;
Share Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the 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 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 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;