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: Plan Awards Deferred 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: Time vest and performance vest Award dated August 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)

AutoNDA by SimpleDocs

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: Plan Awards Deferred 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: Time 25,000 shares of restricted stock (time vest and performance vest only) Award dated August 4September 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: Plan Awards Deferred 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: Time vest and performance vest July 14, 2004 Award dated August 4July 15, 20062004 (54,705 shares of restricted stock (time vest only) and 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: Plan Awards Deferred 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: Time vest and performance vest Award dated August 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)

AutoNDA by SimpleDocs

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: Plan Awards Deferred 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: Time 2,688 shares of restricted stock (time vest and performance vest only) Award dated August 4February 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: Plan Awards Deferred 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: Time vest and 1,924 shares of performance vest stock (100% performance stock) Award dated August February 4, 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!