Individual Account. The Units shall be credited to a separate account established and maintained by the Company for the Participant on the first business day following the date of grant of the Units (the “Account”). The Units will be deemed to be invested in Shares only. The Account shall be maintained on the Company's books solely for recordkeeping purposes, and shall not represent any actual segregation or investment of assets or Shares. All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Blyth Inc), Restricted Stock Unit Agreement (Blyth Inc)
Individual Account. The Units shall be credited to a separate account established and maintained by the Company for the Participant on the first business day following the date of grant of the Units (the “Account”). The Units will be deemed to be invested in Shares only. The Account shall be maintained on the Company's ’s books solely for recordkeeping purposes, and shall not represent any actual segregation or investment of assets or any interest in any Shares. All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Blyth Inc), Restricted Stock Unit Agreement (Blyth Inc)
Individual Account. The Units shall be credited to a separate account established and maintained by the Company for the Participant on the first business day following the date of grant of the Units (the “Account”). The Units will be deemed to be invested in Shares only. The Account shall be maintained on the Company's ’s books solely for recordkeeping record keeping purposes, and shall not represent any actual segregation or investment of assets or any interest in any Shares. All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.
Appears in 1 contract
Individual Account. The Units shall be credited to a separate account established and maintained by the Company for the Participant on the first business day following the date of grant of the Units (the “Account”). The Units will be deemed to be invested in Shares only. The Account shall be maintained on the Company's ’s books solely for recordkeeping record keeping purposes, and shall not represent any actual segregation or investment of assets or Shares. All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.
Appears in 1 contract
