Common use of Deferred Stock Units Clause in Contracts

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. Deferred Stock Units means an award providing provide a participant a vested right to receive shares of common stock in lieu of other compensation at termination of employment or service or at a specific future designated date. In the Committee’s discretion, Deferred Stock Units may include the right to receive one share of Common Stock for each unit awarded, on a specified delivery date, subject to such be credited with dividend equivalents in accordance with the terms and conditions as of the Committee may determine. Deferred Stock Units are a form of Other Share-Based Award described under the Planunits.