Examples of Vested Deferred Stock Units in a sentence
For avoidance of doubt, Dividend Equivalents shall be paid in cash on the date the Vested Deferred Stock Units to which they relate are converted into shares of Common Stock and they shall only be paid with respect to Vested Deferred Stock Units.
The Participant (or any subsequent transferee) shall have no rights as a Stockholder with respect to any Deferred Stock Units until shares are issued pursuant to Section 1.3. The Participant shall be entitled to Dividend Equivalents with respect to the Vested Deferred Stock Units, as described herein.
Vested Deferred Stock Units shall be settled pursuant to the terms and conditions of Section 10.6 and subject to payment or other satisfaction of all related withholding obligations in accordance with Article 16 hereof and administrative costs.
If the Participant’s Continuous Service is terminated for any reason, any Deferred Stock Units that are not Vested Deferred Stock Units, and that do not become Vested Deferred Stock Units pursuant to this Section 3, shall be forfeited immediately upon such termination of Continuous Service without any payment to the Participant.
If the Company declares a normal cash dividend on its shares of Common Stock and the record date of such dividend is on or after the Award Date and on or before the date shares of Common Stock are issued pursuant to Section 1.3 in respect of any Vested Deferred Stock Units, the Participant (or any subsequent transferee) shall receive a Dividend Equivalent credit equal to such normal cash dividend for each outstanding Deferred Stock Unit.
Subject to the terms and conditions of Section 7, the Deferred Stock Units that become Vested Deferred Stock Units in accordance with Section 3(a) shall be issued and delivered to the Grantee in the form of shares of Common Stock of the Company promptly following a Termination of Service.
Subject to the terms and conditions of Section 7, the Deferred Stock Units that become Vested Deferred Stock Units in accordance with Section 3(a) shall be issued and delivered to the Non-Employee Director in the form of shares of Common Stock of the Company promptly following a Separation from Service (other than for Cause).
Vested Deferred Stock Units will be paid on the earlier of: (1) the date of your termination of service as a Director of the Company, or as soon as reasonably practicable thereafter but in no event later than the 15th day of the third month following such date, or (2) the date that you elected on the Payment Date Election Form previously filed with the Company.
Vested Deferred Stock Units will be settled in shares of Stock at the time you terminate your service with the Company and its subsidiaries.
Vested Deferred Stock Units will be paid following the earlier of: (1) your termination of service as a Director of the Company, or (2) the date you elect which must be at least two years after the end of the Plan Year in which this Grant Agreement is executed.