SPSU definition

SPSU means one notional unit equal in value to one Share, payable in cash or Shares in accordance with the provisions of these Terms and Conditions, the Plan and the applicable Notice of Grant and SPSU Award Agreement.
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SPSU means Sistema de Protección Social Universal, the Borrower’s Universal Social Protection System.
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SPSU means a State Program Support Unit to be established and maintained by each Participating State with responsibility for oversight of the Project implementation at State level; and
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Examples of SPSU in a sentence

  • If any SPSU is forfeited for any reason, including as a result of the failure to attain the Performance Criteria, any Dividend Equivalent or Retained Distributions attributable to such SPSU shall be forfeited on the date on which the underlying SPSU is forfeited.

  • The number of SPSUs that are provisionally earned shall be rounded down to the nearest whole SPSU.

  • The last meal prior to Winter break will be dinner on Saturday, December 14, 2024.

  • Upon settlement of each vested SPSU in accordance with the Notice and this Agreement, a number of SPSUs equal to the number of SPSUs settled shall be extinguished and such number of SPSUs will not be considered to be held by the Participant for any purpose.

  • If on any date while SPSUs are outstanding hereunder the Company shall pay a cash dividend to the holders of its Shares, for each SPSU held by the Participant on the record date, the Participant shall be credited with a bookkeeping entry an amount of cash equal to the dividend paid on a Share (the “Dividend Equivalents”).

  • With respect to any SPSU Award granted to a Covered Employee, the Committee shall certify the results in writing in accordance with the Terms and Conditions and Section 9 of the Plan.

  • Travel to transport a student who is ill or injured to his/her home or to 10 the doctor or hospital when authorized by an administrator.

  • Each SPSU represents the unfunded, unsecured, contingent right of the Participant to receive upon vesting either one Share for each vested SPSU or an equivalent amount of cash, or a combination of cash and Shares, as determined in the sole discretion of the Committee.

  • Notwithstanding anything else contained in the Notice and this Agreement, no payment in settlement of any vested SPSU shall be paid, issued or transferred to a Participant before the first date on which a payment could be made without subjecting the Participant to tax under the provisions of Section 409A of the Code.

  • If on any date while SPSUs are outstanding hereunder the Company shall pay any dividend other than a regular cash dividend or make any other distribution on the Shares, the Participant shall be credited with a bookkeeping entry equivalent to such dividend or distribution for each SPSU held by the Participant on the record date for such dividend or distribution, but the Company shall retain custody of all such dividends and distributions (the “Retained Distributions”).