Common use of Deferred Stock Units Clause in Contracts

Deferred Stock Units. Deferred Stock Units 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 be credited with dividend equivalents in accordance with the terms and conditions of the units.

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