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

As of 5:00 p.m., New York City time, on September 8, 2026 (the “Capitalization Date”), there were outstanding (i) 169,824,232 Shares, (ii) no Company Preferred Shares, (iii) 10,359,498 Shares subject to outstanding Company Restricted Stock Unit Awards, (iv) 2,364,836 Shares subject to outstanding Company Performance Stock Unit Awards (at target levels), (v) 1,126,024 Shares subject to outstanding Company Stock Options and (vi) 0 Shares were held by the Company in its treasury.
Subject to the Plan, each vested Restricted Stock Unit will be settled by the transfer to the Participant of one share of Common Stock, or the cash equivalent of its Fair Market Value, as determined by the Plan Administrator.
The Company and the Director acknowledge and agree that the Director’s Restricted Stock Unit Agreement dated July 27, 2025 (the “July RSU Agreement”) remains in full force and effect, and that the Director has no other outstanding Company equity awards and no rights to any other Company equity awards.
Notwithstanding any provisions in this Award Agreement, the Restricted Stock Unit Award shall be subject to any additional terms and conditions set forth in the Addendum for Participant’s country.
Each Restricted Stock Unit represents the right to receive a Share on the date it vests.

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.