Common use of Determination of Deferred Share Account Clause in Contracts

Determination of Deferred Share Account. On any particular date, a Director's Deferred Share Account shall consist of the aggregate number of Deferred Shares credited thereto pursuant to Section 4.4, plus any dividend equivalents credited pursuant to Section 6.2, minus the aggregate amount of distributions, if any, made from such Deferred Share Account.

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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Determination of Deferred Share Account. On any particular date, a Director's Deferred Share Account shall be comprised of the Deferred Share Annual Equity Subaccount and the Deferred Share Other Equity Subaccount which shall consist of the aggregate number of Deferred Shares credited thereto pursuant to Section 4.44.5, plus any dividend equivalents credited pursuant to Section 6.2, minus the aggregate amount of distributions, if any, made from such Deferred Share AccountAnnual Equity Subaccount and Deferred Share Other Equity Subaccount.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

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Determination of Deferred Share Account. On any particular date, a Director's ’s Deferred Share Account shall consist of the aggregate number of Deferred Shares credited thereto pursuant to Section 4.4, plus any dividend equivalents credited pursuant to Section 6.2, minus the aggregate amount of distributions, if any, made from such Deferred Share Account.

Appears in 1 contract

Samples: Trust Agreement (Cliffs Natural Resources Inc.)

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