Dividend Equivalent Units definition

Dividend Equivalent Units mean additional Restricted Stock Units credited pursuant to the Dividend Equivalent Right described in Section 3.3.

Dividend Equivalent Units means additional Restricted Units or additional Deferred Vested Units credited to a Participant's Account pursuant to Section 5(f) or Section 7(d)(vi).

Dividend Equivalent Units means additional Common Stock Units credited to a Participant’s Account pursuant to Section 5.05.

Examples of Dividend Equivalent Units in a sentence

• Such additional Dividend Equivalent Units shall be subject to the same terms and conditions and shall be settled or forfeited in the same manner and at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

• Dividend Equivalent Units shall become Vested Units at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

• Dividend Equivalent Units are not eligible for dividend reinvestment during the vesting period.

• Elections with respect to any Units in the Stock Unit Account shall apply to all Dividend Equivalent Units attributable to those Stock Units, and to all Dividend Equivalent Units.

• The RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date.

More Definitions of Dividend Equivalent Units

Dividend Equivalent Units means additional Restricted Units, additional Performance Units or additional Rights credited to a Participant pursuant to Section 5.04, Section 6.04 or Section 7.02.

Dividend Equivalent Units has the meaning set out in Section 5.2.

Dividend Equivalent Units means additional Units credited with respect to a Participant's Restricted Units, Performance Units, or Annual Award Units pursuant to Section 6(c), Section 7(b) or Section 8(b).

Dividend Equivalent Units means the additions to a Participant’s Stock Unit Account pursuant to Section 4.2 hereof.

Dividend Equivalent Units means additional Restricted Stock Units credited pursuant to Section 3.3.

Dividend Equivalent Units means any additional Performance Restricted Stock Units credited pursuant to Section 3.4.

Dividend Equivalent Units means additional Units credited with respect to a Participant’s Restricted Units, Performance Units, or Annual Award Units pursuant to Section 6(c), Section 7(b) or Section 8(b) and which represent the equivalent value (in Units) of dividends paid on Shares.