Stock Unit Election definition

Stock Unit Election means the election by a Director with respect to Director Fees or an Inside Director, with respect to such Inside Director’s Director Fees (but not with respect to such Inside Director’s Salary or Bonus), to designate all or any portion of such Participant’s Director Fees to constitute Stock Units to be allocated to the Stock Subpart portion of his or her Deferred Compensation Subaccount.
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Stock Unit Election means an election made pursuant to Article IV.
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Stock Unit Election means a Participant's delivery of a written notice of election to the Committee (a) electing to defer payment of his or her Fees in accordance with Section 4, and (b) further electing to receive payment of his or her Stock Unit Account at the Time of Distribution in either (1) Common Stock or (2) cash. All such elections shall be irrevocable except as otherwise provided in the Plan.
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Examples of Stock Unit Election in a sentence

  • This Restricted Stock Unit Election will become irrevocable as of the commencement of the Election Period.

  • If the Grantee makes (or is deemed to have made) the Restricted Stock Unit Election, the Company shall, on or as soon as possible following the applicable Vesting Event, settle the Restricted Stock Units by issuing a number of Shares equal to the number of Restricted Stock Units that are the subject of this Award, subject to the requirements of Section 5 of this Agreement.

  • If such deferral election is made, the Committee shall, in its sole discretion, establish the rules and procedures for such election which shall be evidenced by a Restricted Stock Unit Election Agreement.

  • The actual dollar amount of Deferred Compensation as to which no Stock Unit Election has been deferred shall initially be credited as cash to the Participant’s Cash Subpart.

  • Though no doubt state owned enterprises deserve a level playing field, however, Industry watchers say that the government should sort out such anomalies much before they enter into agreements with any company.

  • In the absence of any such election, the Grantee shall be deemed to have made the Restricted Stock Unit Election.

  • This Restricted Stock Unit Election is in all respects subject to the terms and conditions of the Plan.

  • If such deferral election is made, the Board or a duly authorized committee thereof will, in its sole discretion, establish the rules and procedures for such election which will be evidenced by a Restricted Stock Unit Election Agreement.

  • For example, in the 1980s a splinter faction of the Muslim Brotherhood tried to rise up in arms against President Hafez al-Assad in the Syrian city of Hamaa.

  • If such deferral election is made, the Committee shall, in its sole discretion, establish the rules and procedures for such election, including the permitted Settlement Dates, which shall be evidenced by a Restricted Stock Unit Election Agreement.


More Definitions of Stock Unit Election

Stock Unit Election means the election by a Director to designate all or any portion of such Participant’s Director Fees to constitute Stock Units to be allocated to the Stock Subpart Account portion of his or her Deferred Compensation Subaccount.
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Stock Unit Election means an election made by a Nonemployee Director to have Stock Units issued to him or her on a Grant Date in lieu of shares of Common Stock.
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Stock Unit Election means a written, electronic or other form of election permitted by the Deferred Compensation Plan Committee, pursuant to which a Participant may elect to defer under the Plan a portion of his Stock Unit Award as a Stock Unit Deferral.
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Related to Stock Unit Election

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

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

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

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

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

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

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • Performance Unit Award means an award of Performance Units under this Plan.

  • 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.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.