Common use of Dividend Equivalent Unit Account Clause in Contracts

Dividend Equivalent Unit Account. As soon as practical following each of the Company’s dividend payable dates, the Colleague’s Dividend Equivalent Unit Account shall be credited with the number of Dividend Equivalent Units equal to the dividends paid by the Company during the quarter on a number of Shares equal to the aggregate number of Restricted Stock Units in the Colleague’s Restricted Stock Unit Account as of the record date for such quarter’s dividend payment. Colleague shall be given the opportunity to elect one or more of the Investment Options for the purpose of determining the Investment Performance of the Colleague’s Dividend Equivalent Unit Account. Colleague’s initial election shall remain effective until amended; amendments will be allowed no more than once per calendar quarter and will be effective for the quarter following the quarter in which the election is made. If Colleague does not make an election, then Colleague’s Investment Performance will be calculated using the Three Month U.S.