Crediting to Accounts. If a Grantee elects to defer receipt of the earned Performance Units, there will be credited to the Grantee's account as of the day such Common Shares underlying the earned Performance Units would have been paid, a number of deferred units (the “Deferred Share Units”) equal to the number of Common Shares that would otherwise have been delivered to the Grantee pursuant to ARTICLE VII on such date. The Deferred Share Units credited to the Grantee's account (plus any cash or stock dividends on the equivalent number of Common Shares declared during the deferral period) will represent the number of Common Shares that the Company will issue to the Grantee at the end of the deferral period. All Deferred Share Units will be 100 percent vested at all times.
Appears in 11 contracts
Samples: Performance Unit Award Agreement (NorthWestern Energy Group, Inc.), Performance Unit Award Agreement (Northwestern Corp), Performance Unit Award Agreement (Northwestern Corp)
Crediting to Accounts. If a Grantee elects to defer receipt of the earned Performance UnitsShares, there will be credited to the Grantee's ’s account as of the day such Common Shares underlying the earned Performance Units Shares would have been paid, a number of deferred units (the “Deferred Share Units”) equal to the number of Common Shares that would otherwise have been delivered to the Grantee pursuant to ARTICLE Article VII on such date. The Deferred Share Units credited to the Grantee's ’s account (plus any cash or stock dividends on the equivalent number of Common Shares declared during the deferral period) , will represent the number of Common Shares that the Company will issue to the Grantee at the end of the deferral period. All Deferred Share Units will be 100 percent 100% vested at all times.
Appears in 3 contracts
Samples: Restricted Stock Award Agreement (Northwestern Corp), Restricted Stock Award Agreement (Northwestern Corp), Restricted Stock Award Agreement (Northwestern Corp)
Crediting to Accounts. If a Grantee elects to defer receipt of the earned Performance Units, there will be credited to the Grantee's ’s account as of the day such Common Shares underlying the earned Performance Units would have been paid, a number of deferred units (the “Deferred Share Units”) equal to the number of Common Shares that would otherwise have been delivered to the Grantee pursuant to ARTICLE VII on such date. The Deferred Share Units credited to the Grantee's ’s account (plus any cash or stock dividends on the equivalent number of Common Shares declared during the deferral period) will represent the number of Common Shares that the Company will issue to the Grantee at the end of the deferral period. All Deferred Share Units will be 100 percent vested at all times.
Appears in 1 contract
Samples: Performance Unit Award Agreement (Northwestern Corp)