Examples of Stock Award Units in a sentence
The total number of Stock Award Units granted at any time may not exceed the lesser of the number of shares of Common Stock available for grant at the time of the Stock Award Unit grant or 625,000.
A Dividend Equivalent Right granted as a component of an award of Restricted Stock Units, Restricted Stock Award, Units or Other Equity-Based Award with performance vesting or Performance Share Award shall provide that such Dividend Equivalent Right shall be settled only upon settlement or payment of, or lapse of restrictions on, such other Award, and that such Dividend Equivalent Right shall expire or be forfeited or annulled under the same conditions as such other Award.
Stock Awards may be actual shares of Common Stock or the economic equivalent thereof ("Stock Award Units").
A Stock Award Units Deferral election shall not count toward the minimum or maximum Compensation Deferral election under Section 2.3(b)(1).
An Employee who has elected to defer a Stock Award into the Plan shall have no rights as a shareholder of the Company with respect to the Stock Award Units in his or her Account.
Immediately upon transfer of a Stock Award in the form of Stock or upon exercise of a Stock Award in the form of an option, the Stock Award shall be converted to Stock Award Units.
This Plan governs the deferral of the delivery and receipt of Stock Award Units upon the exercise of options or on restricted stock units only.
Notwithstanding the foregoing, if the Employee’s Account does not exceed $10,000 (or such other de minimis amount as the Administrator determine in a reasonable and nondiscriminatory manner and calculating the Stock Award Units at then Fair Market Value) on the date on which the Employee becomes entitled to a distribution of his or her Account, the Administrator may elect to pay the value of the Account to the Employee in a single lump sum distribution.
SA Units issued pursuant to this Article 9 (Stock Award Units to Supervisory Board Members), shall be subject to the Company's remuneration policy or similar arrangement at any time adopted by the Supervisory Board.
A Participant’s Stock Award Units and/or RSU Award Units shall be subject to vesting and forfeiture at the same time and in the same manner as applicable to such Participant’s Stock Award and/or RSU Award, as applicable.