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

The Company shall settle each Restricted Stock Unit by delivering to Holder one (1) share of Stock for each Restricted Stock Unit that vested as soon as practicable (but not more than thirty (30) days) following each vesting date (the “Original Issuance Date”).
These Terms and Conditions of Restricted Stock Unit Award (these “Terms”) apply to the restricted stock unit award (the “Award”) granted by Air Industries Group, a Nevada corporation (the “Company”), indicated above in this Notice of Grant (the “Grant Notice”).
In addition, upon such termination, a prorated portion of your then-outstanding Retention Restricted Stock Unit Awards and Performance Restricted Stock Unit Awards shall vest and be paid (in cash and/or shares of Common Stock (as defined below), as applicable) in accordance with their terms.
If a Restricted Stock Unit is forfeited, Participant has no right to dividend equivalents credited to such Restricted Stock Unit before the forfeiture.
Notwithstanding the foregoing, in such event, nothing in this Section 5 shall affect any amounts or other consideration you are entitled to receive under your outstanding Restricted Stock Unit ("RSU") awards at the time of such termination, if any, and such RSU awards are subject to, and governed by, their own terms.

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.