Common use of Crediting to Accounts Clause in Contracts

Crediting to Accounts. If a Grantee elects to defer receipt of the earned performance shares, there will be credited to the Grantee’s account as of the day such Common Shares underlying the earned performance shares would have been paid, a number of deferred units (the “Deferred 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 Units credited to the Grantee’s account (plus any additional shares credited pursuant to Section 11.5 below) will represent the number of Common Shares that DPL will issue to the Grantee at the end of the deferral period. All Deferred Units will be 100% vested at all times.

Crediting to Accounts. If a Grantee elects to defer receipt of the earned performance shares or restricted shares, there will be credited to the Grantee’s account as of the day such Common Shares underlying the earned performance shares or restricted shares (subject to a one (1) year holding period) would have been paid, a number of deferred units (the “Deferred Units”) equal to the number of Common Shares that would otherwise have been delivered to the Grantee pursuant to Article VII VIII on such date. The Deferred Units credited to the Grantee’s account (plus any additional shares credited pursuant to Section 11.5 12.5 below) will represent the number of Common Shares that DPL will issue to the Grantee at the end of the deferral period. All Deferred Units will be 100% vested at all times.