Stock Unit definition

Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

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Stock Unit means an Award denominated in units of Common Stock granted under Section 10.

Stock Unit means a bookkeeping entry representing an amount equivalent to the Fair Market Value of one Share, payable in cash, property or Shares. Stock Units represent an unfunded and unsecured obligation of the Company, except as otherwise provided for by the Administrator.

Examples of Stock Unit in a sentence

Notwithstanding the foregoing, if you Terminate employment after a Change in Control and you are eligible for a severance pay benefit under a Change in Control severance pay program maintained by Chevron, as may be amended, then one-third (1/3rd) of the Restricted Stock Unit Award will vest on each February 1 following the first (1st) anniversary of the Grant Date.
On any given date, the value of each Restricted Stock Unit comprising the Award shall equal the Fair Market Value of one share of Common Stock.
The total vested portion of your Restricted Stock Unit Award is subject to adjustment as of Termination, as described in Sections 2.1 and 2.2.
You acknowledge and agree that, with respect to each Restricted Stock Unit credited to your Account, you have no voting rights with respect to the Company unless and until each such Restricted Stock Unit is settled in RSU Shares pursuant to the Exhibit(s).
By accepting this Restricted Stock Unit Award, you agree to all terms and conditions of the Plan, its Rules, and any provisions within this Agreement.

More Definitions of Stock Unit

Stock Unit means a right to receive, in cash and/or Shares as determined by the Committee, the Fair Market Value of a Share, subject to such restrictions on transfer, vesting conditions and other restrictions or limitations as may be set forth in this Plan and the applicable Agreement.

Stock Unit means an award of a phantom unit representing a share of Company Stock, as described in Section 8.

Stock Unit means a bookkeeping entry representing the equivalent of one share of Stock awarded to a Grantee pursuant to Section 10 hereof.

Stock Unit means an award of Common Stock or units that are valued in whole or in part by reference to, or otherwise based on, the value of Common Stock, awarded to a Participant under Section 10.

Stock Unit means a bookkeeping entry representing the Company’s obligation to deliver one Share (or distribute cash) on a future date in accordance with the provisions of a Stock Unit Award Agreement.

Stock Unit means a bookkeeping entry representing the equivalent of shares of Stock, awarded to a Grantee pursuant to Section 11 hereof.

Stock Unit means an award giving the right to receive Shares granted under Section 7 below.