Stock Retainer Deferral Account definition

Stock Retainer Deferral Account means (i) the sum of the Participant’s Stock Retainer deferrals, plus (ii) amounts credited/debited in accordance with all the applicable crediting/debiting provisions of this Plan that relate to the Participant’s Stock Retainer Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Stock Retainer Deferral Account.
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Stock Retainer Deferral Account means the account or accounts maintained for an Eligible Director pursuant to Section 6.2 hereof."
Sample 1

Examples of Stock Retainer Deferral Account in a sentence

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Stock Retainer Deferral Account under this Section 5.2 shall be in the form of Stock.

  • The Stock Retainer Deferral Account shall reflect the number of Stock Retainer Deferred Shares awarded to the Eligible Director in accordance with Section 2.37 hereof.

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Deferred Share/Restricted Share Unit Deferral Account, Stock Retainer Deferral Account, LTIP Stock Award Deferral Account or MSU Award Deferral Account under this Section 4.3 shall be in the form of Stock.

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Deferred Share/Restricted Share Unit Deferral Account, Stock Retainer Deferral Account, LTIP Stock Award Deferral Account and/or MSU Award Deferral Account under this Section 14.16 shall be in the form of Stock.

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Deferred Share/Restricted Share Unit Deferral Account, the Pre-2005 Deferred Share Deferral Account, the Stock Retainer Deferral Account and/or the LTIP Stock Award Deferral Account under this Section 7.2 shall be in the form of Stock.

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Deferred Share/Restricted Share Unit Deferral Account, the Pre-2005 Deferred Share Deferral Account, the Stock Retainer Deferral Account, the LTIP Stock Award Deferral Account and/or the MSU Award Deferral Account under this Section 6.2 shall be in the form of Stock.

  • Notwithstanding anything in this Plan to the contrary, any distribution from the Deferred Share/Restricted Share Unit Deferral Account, the Pre-2005 Deferred Share Deferral Account, the Stock Retainer Deferral Account, the LTIP Stock Award Deferral Account or the MSU Award Deferral Account under this Section 6.3 shall be in the form of Stock.

  • In determining the number of Stock Retainer Deferred Shares to be credited to an Eligible Director's Stock Retainer Deferral Account in accordance with this Section 6.2(b), fractions of a Stock Retainer Deferred Share shall be computed to three decimal places.

  • A bookkeeping account, known as the Stock Retainer Deferral Account, shall be established for each Eligible Director.

  • Additional Stock Retainer Deferred Shares shall be credited to each Stock Retainer Deferral Account on each date that the Company pays a dividend on the Common Stock.

Related to Stock Retainer Deferral Account

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).