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Common use of Compensation being Deferred Clause in Contracts

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2004 Plan. xXxx following Award: 2,688 shares of restricted stock (time vest only) Award dated February 7, 2006. 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2004 Plan. xXxx following Award: 2,688 shares of restricted stock (time Time vest only) and performance vest Award dated February 7August 4, 2006. 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2004 Plan. xXxx following Award: 2,688 July 14, 2004 Award dated July 15, 2004 (54,705 shares of restricted stock (time vest only) Award dated February 7, 2006and 109,409 shares of performance stock). 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2004 Plan. xXxx following Award: 2,688 1,924 shares of restricted performance stock (time vest only100% performance stock) Award dated February 74, 20062005. 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2004 Plan. xXxx following Award: 2,688 25,000 shares of restricted stock (time vest only) Award dated February 7September 29, 2006. 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)

Compensation being Deferred. You make the following election to receive Deferred Share Units (“DSUs”) in lieu of the Shares that would otherwise be issued to you upon vesting, after 2007, of the following awards (“Awards”), and hereby surrender and cancel all rights relating to both such Awards that would have vested after 2007 and the Shares subject hereto: 2004 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2004 Plan. ¨All üAll Performance Unit Awards awarded to me on or before 12/28/05 pursuant to the 2004 Plan. ¨The following Award: ________________ pursuant to the 2004 Plan. xXxx following Award: 2,688 shares of restricted stock (time vest only) Award dated February 7_______ __, 2006_____. 2007 Plan ¨All Restricted Shares awarded to me on or before _______ pursuant to the 2007 Plan. ¨All Performance Unit Awards awarded to me on or before _________ pursuant to the 2007 Plan. Notwithstanding this deferral election, whenever the Company pays cash dividends to its shareholders, you elect with respect to any DSUs credited pursuant to this Agreement – üto receive an immediate cash payment equal to the product of the DSUs then credited to your Account and the per Share dividend, or xxx receive additional DSU credits having a Fair Market Value equal to the cash that you would have received if you had so elected above.

Appears in 1 contract

Samples: Deferral Agreement (Capital Trust Inc)