Vested DSUs definition

Vested DSUs means DSUs that, as of such date the Company may determine when such DSUs are granted, have become redeemable.
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Vested DSUs means any portion of the DSUs subject to this Agreement that are and have become vested on a Monthly Vesting Date pursuant to Section 2(a).
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Vested DSUs means DSUs which have vested in accordance with Section 4.4 or Article 7.
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Examples of Vested DSUs in a sentence

  • Vested DSUs cannot be redeemed until the holder is no longer a member of the Board.

  • Vested DSUs shall be redeemed in whole or in part for shares issued from treasury or, subject to the approval of the Company, cash.

  • Vested DSUs are paid out in cash when the participant ceases to be a director, officer or employee.

  • Notwithstanding any allocation by the Plan Administrator to settle Vested DSUs, or portion thereof, in Shares or make a cash payment therefore, the Corporation reserves the right to change its allocation in respect thereof at any time up until payment is actually made, and the holder of such Vested DSUs shall not have the right at any time to enforce settlement as to the allocation of Shares or cash payment.

  • Vested DSUs become payable no later than the last business day in December of the first calendar year commencing after the termination of their Board mandate.

  • Vested DSUs are settled at the Corporation’s discretion at the settlement date, in Common Shares, or in cash (for an amount equivalent to the product of the number of vested DSUs multiplied by the closing price of a Common Share on the TSX on the day prior to the payment date) or in a combination of cash and Common Shares less applicable withholdings.

  • Vested DSUs and DSU dividend equivalents are settled in cash in accordance with the terms of the DSU Plan after the Director’s death, disability, resignation or retirement from the Board.

  • Vested DSUs are to be settled by the end of the year vesting occurs.

  • Vested DSUs will not be redeemable and paid except upon the earlier of the death, Retirement, or loss of office or directorship, or employment of the Participant with the Corporation and/or any of its Affiliates terminates (the “DSU Termination Date”).

  • Share-based Awards Name Vested DSUs (#) The number of outstanding DSUs includes dividend equivalents credited to the account.


More Definitions of Vested DSUs

Vested DSUs means DSUs that, as of the relevant date, have become redeemable; and
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Related to Vested DSUs

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

  • 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.

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

  • Unvested Units means any Executive Units which are not Vested Units.

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

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

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

  • 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.

  • 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;

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

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

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

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

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

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

  • 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.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • 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.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.