Common use of Bookkeeping Account Clause in Contracts

Bookkeeping Account. The Company shall record the number of Stock Units granted hereunder to a bookkeeping account for Executive (the "Stock Unit Account"). Executive's Stock Unit Account shall be debited by the number of Stock Units, if any, forfeited in accordance with Section 4 and by the number of shares of Stock transferred to Executive in accordance with Section 5 with respect to such Stock Units. Executive's Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with Section 10.

Appears in 2 contracts

Samples: Stock Unit Agreement (Stifel Financial Corp), Stock Unit Agreement (Stifel Financial Corp)

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Bookkeeping Account. The Company shall record the number of Stock Units granted hereunder to a bookkeeping account for Executive Employee (the "Stock Unit Account"). Executive's Employee’s Stock Unit Account shall be debited by the number of Stock Units, if any, forfeited in accordance with Section 4 and by the number of shares of Stock transferred to Executive Employee in accordance with Section 5 with respect to such Stock Units. Executive's Employee’s Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with Section 10.

Appears in 2 contracts

Samples: Baldor Electric Company (Baldor Electric Co), Baldor Electric Company (Baldor Electric Co)

Bookkeeping Account. The Company shall record the number of Stock Units granted hereunder to a bookkeeping account for Executive (the "Stock Unit Account"). Executive's Stock Unit Account shall be debited by the number of Stock Units, if any, forfeited in accordance with Section 4 and by the number of shares of Stock transferred to Executive in accordance with Section 5 with respect to such Stock Units. Executive's Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with Section 10.. -3-

Appears in 1 contract

Samples: Stock Unit Agreement (Stifel Financial Corp)

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Bookkeeping Account. The Company shall record the number of Stock Units granted hereunder to a bookkeeping account for Executive the Director (the "Stock Unit Account"). Executive's The Director’s Stock Unit Account shall be debited by the number of Stock Units, if any, forfeited in accordance with Section 4 and by the number of shares of Stock transferred to Executive the Director in accordance with Section 5 with respect to such Stock Units. Executive's Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with Section 10.

Appears in 1 contract

Samples: Baldor Electric Company (Baldor Electric Co)

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