Deferred Stock Units. Each Deferred Stock Unit that is outstanding immediately prior to the Distribution and which is held by a Tyco Employee listed in Schedule 6.1(c) or by a Tyco Director shall be adjusted such that the number of Deferred Stock Units reflects the impact of the ADT NA Distribution as set forth in Section 6.2(a)(i); provided that fractional shares will continue to be maintained until the payment of the unit is made. Such converted awards shall remain subject to the terms and conditions in effect with respect to the award immediately preceding the ADT NA Distribution Date.
Deferred Stock Units. Performance share units granted under the Plan, including Units granted pursuant to this Award, may be settled in the form of deferred stock units pursuant to a valid deferral election by the Holder. The Holder shall have all rights incident to ownership of such deferred stock units, including but not limited to the right to receive dividend equivalents in the form of additional deferred stock units.
Deferred Stock Units. Effective upon the Effective Date, and subject to the Executive’s employment with the Company on such date, the Executive shall be granted a number of stock units (the “Stock Units”) equal to the amount determined by dividing the Base Salary by the closing price per share of Class A Common Stock, par value $5.00, of the Company on the date of the public announcement of the Merger (in connection with the Merger, the Class A Common Stock will be converted into voting common stock of the Company (the “Common Stock”)). One-half (1/2) of the Stock Units granted to the Executive shall vest on each of the first and second anniversaries of the Effective Date, subject to the Executive’s continued employment with the Company through each such anniversary. The vested Stock Units shall be settled within thirty (30) days following the applicable anniversary and each Stock Unit shall entitle the Executive to a payment in cash on the settlement date in an amount equal to the closing price per share of Common Stock (the “Closing Price”) on the date of vesting.
Deferred Stock Units. Each Deferred Stock Unit that is outstanding immediately prior to the Distribution and which is held by a Trident Employee listed in Schedule 6.1(c) or by a Trident Director shall be adjusted such that the number of Deferred Stock Units reflects the impact of the Distribution as set forth in Section 6.2(a)(ii)(B); provided that fractional shares will continue to be maintained until the payment of the unit is made. Such converted awards shall remain subject to the terms and conditions in effect with respect to the award immediately preceding the Fountain Distribution Date.
Deferred Stock Units. Subject to the terms and provisions of the Plan, Awards of Deferred Stock Units may be granted to Non-employee Directors at any time and from time to time, as determined by the Board in its sole discretion, including the number of Deferred Stock Units subject to each Award and the terms and conditions of such Awards.
Deferred Stock Units. Deferred Stock Units means an award providing the right to receive one share of Common Stock for each unit awarded, on a specified delivery date, subject to such terms and conditions as the Committee may determine. Deferred Stock Units are a form of Other Share-Based Award described under the Plan.
Deferred Stock Units. At the Effective Time, each award of Company Deferred Stock Units that is outstanding as of immediately prior to the Effective Time will be cancelled, with the holder thereof becoming entitled to receive an amount in cash, payable in accordance with Section 2.3(f), equal to the product of (i) the total number of Shares subject to such award of Company Deferred Stock Units as of immediately prior to the Effective Time and (ii) the Merger Consideration, together with any dividends credited thereto in accordance with the terms of the applicable Company Deferred Compensation Plan.
Deferred Stock Units. (A) Each Tyco Deferred Stock Unit that is outstanding immediately prior to the Distribution Date and which is held by a Tyco Director shall be adjusted such that the number of Tyco Deferred Stock Units reflects the impact of the Distribution as set forth in Section 6.1(c). Such converted awards shall remain subject to the terms and conditions in effect with respect to the award immediately preceding the Distribution Date.
(B) Each Tyco Deferred Stock Unit that is outstanding immediately prior to the Distribution Date and which is held by an employee listed in Schedule 6.1(d) shall be adjusted such that the number of Tyco Deferred Stock Units reflects the impact of the Distribution as set forth in Section 6.1(c). Such converted awards shall remain subject to the terms and conditions in effect with respect to the award immediately preceding the Distribution Date.
Deferred Stock Units. The Company hereby awards the Participant stock units representing the same number of shares of the Company’s common stock, $0.50 par value (the “Deferred Stock Units”), according to the terms and subject to the conditions hereinafter set forth, as set forth in the Plan, and the policies and procedures concerning the award of deferred stock units set forth in the Arbitron, Inc. Director Deferred Compensation Plan (the “Policy”). The number of deferred stock units subject to this Agreement may increase based on Dividend Equivalent credits made pursuant to Section 4. Any such additional Deferred Stock Units (or fraction thereof) resulting from Dividend Equivalent credits shall be treated as Deferred Stock Units and shall be subject to the terms and conditions of this Agreement, the Plan and the Policy. Payment of the Deferred Stock Units shall be made as described below in Section 2.
Deferred Stock Units. Except as set forth on Schedule 5.3, ALLETE Deferred Stock Units held by ADESA Transferring Employees shall be converted into ADESA Deferred Stock Units and outstanding ALLETE Deferred Stock Units held by continuing employees and directors of ALLETE will be adjusted into new ALLETE Deferred Stock Units, in each case as follows:
(i) ALLETE Deferred Stock Units held by an ADESA Employee will be converted at the time of the Spin-off into ADESA Deferred Stock Units. The number of new ADESA Deferred Stock Unit shall be equal to the number of ALLETE Deferred Stock Units multiplied by the ADESA Option Ratio. The terms and conditions of the original ALLETE Deferred Stock Units shall apply to the new ADESA Deferred Stock Units provided that service with ADESA shall be treated as service with ALLETE. ADESA Employees identified on Schedule 5.3(b)(i) shall terminate their participation in the ALLETE SERP effective as of the Spin-Off Date. The Deferred Stock Units under the ALLETE SERP in respect of each ADESA Employee shall be transferred to the ADESA SERP as of the Spin-Off Date and ADESA shall assume such Liability.
(ii) ALLETE Deferred Stock Units held by an ALLETE Employee or ALLETE Director will be converted at the time of the Spin-off into adjusted ALLETE Deferred Stock Units. The number of adjusted ALLETE Deferred Stock Units shall equal the number of original ALLETE Deferred Stock Units multiplied by the ALLETE Option Ratio. The terms and conditions of the original ALLETE Deferred Stock Units shall continue to apply to the adjusted ALLETE Deferred Stock Units.
