Vested DSU definition

Vested DSU means each Discretionary DSU which has vested in accordance with Section 2.1.
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Vested DSU means each Bonus DSU, Discretionary DSU, Performance DSU and/or Matching DSU, which has vested in accordance with Section 3.5.
Sample 1

Examples of Vested DSU in a sentence

  • Vested DSU are payable upon termination of employment and will be settled in cash or share units equal to the number of vested units multiplied by the five-day average closing TSX share price up to and including the termination date.

  • A holder of DSUs shall not have any right to demand, to be paid in or receive any specific allocation of Shares or a cash payment in respect of a Vested DSU at any time.

  • Cash payment may be made through the Corporation’s payroll in the pay period that the DSU Settlement Date falls within or via cheque.‌ A holder of DSUs shall not have any right to demand, to be paid in or receive any specific allocation of Shares or a cash payment in respect of a Vested DSU at any time.

  • Vested DSU are payable upon termination of employment and will be settled in cash equal to the number of vested units multiplied by the five-day average closing TSX share price up to and including the termination date.

  • Cash payment may be made through the Corporation’s payroll in the pay period that the DSU Settlement Date falls within or via cheque.A holder of DSUs shall not have any right to demand, to be paid in or receive any specific allocation of Shares or a cash payment in respect of a Vested DSU at any time.

  • Each Vested DSU granted to the Grantee hereunder represents a right of the Grantee to receive one Common Share on the Distribution Date.

  • Jack: We have just recently decreased the number of food trucks with 2 on Monday, Friday and 3 the rest of the business days.

  • Such eligible employee shall thereby become a Participant effective as such date described above and shall remain a Participant until such Participant or his or her beneficiary, as the case may be, has received payment of the Vested DSU value of such Participant's Deferred Stock Units in accordance with Sections 8 and 9 hereof, or until such Participant's rights are earlier forfeited as provided in Section 11.

  • Vested DSU grants do not pay out until the director ceases to be a director.

  • On a Participant's Final Valuation Date, such Participant or his or her beneficiary, as the case may be, shall be entitled to receive an amount equal to the Vested DSU Value of such Participant's DSU Ledger Accounts determined as of such Final Valuation Date, and to be distributed in the manner described herein.

Related to Vested DSU

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Nonforfeitable means a Participant's or Beneficiary's unconditional claim, legally enforceable against the Plan, to the Participant's Accrued Benefit.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Vested Units means those Units listed as vested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Vesting Event means the earliest to occur of the following events:

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • 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;

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Vested Percentage means the sum of the following percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8% multiplied by the number of Years you have been designated a participant in the Plan; provided, however, (w) prior to completing five Years of Service the Vested Percentage is 0,(x) on or prior to your fiftieth birthday your Vested Percentage may not exceed 50%, (y) on or prior to each of your birthdays following your fiftieth birthday your Vested Percentage may not exceed the sum of 50% plus the product obtained by multiplying 5% by the number of birthdays that have occurred following your fiftieth birthday, and (z) your Vested Percentage in no event may exceed 100%.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Age-restricted unit means a housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population such that: 1) all the residents of the development wherein the unit is situated are 62 years of age or older; or 2) at least 80 percent of the units are occupied by one person who is 55 years of age or older; or 3) the development has been designated by the Secretary of the U.S. Department of Housing and Urban Development as “housing for older persons” as defined in Section 807(b)(2) of the Fair Housing Act, 42 U.S.C. § 3607.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.