Accrued DERs definition

Accrued DERs means DERs with the accrual rights described in Section 5(11).
Accrued DERs means dividend equivalent rights with the accrual rights described in Section 5(11).
Accrued DERs as described in the Plan. Current-Pay DERs shall be paid concurrently with any dividends or distributions paid on the Stock of the Company during the time the related Option is outstanding in an amount equal to the cash dividend (or Stock or other property distributed) per share being paid on the Stock times the number of Optioned Shares. Current-pay DERs are payable in cash, Stock or such other property as may be distributed to stockholders. [INSERT THE FOLLOWING IF ACCRUED DERS ARE GRANTED: ACCRUED DERS MAY BE ACCRUED IN RESPECT OF CASH DIVIDENDS ONLY OR CASH DIVIDENDS AND THE VALUE OF ANY STOCK OR OTHER PROPERTY DISTRIBUTED TO STOCKHOLDERS, AS THE ADMINISTRATOR SHALL DETERMINE AT THE TIME OF GRANT. ACCRUED DERS SHALL BE ACCRUED WITH RESPECT TO THE RELATED STOCK OPTIONS OUTSTANDING AS OF THE DATE DIVIDENDS ARE DECLARED ON THE COMPANY'S STOCK IN ACCORDANCE WITH THE FOLLOWING FORMULA: (A x B)/C UNDER WHICH "A" EQUALS THE NUMBER OF SHARES SUBJECT TO SUCH STOCK OPTIONS, "B" EQUALS THE CASH DIVIDEND PER SHARE OR THE VALUE PER SHARE OF THE STOCK OR OTHER PROPERTY BEING DISTRIBUTED, AS THE CASE MAY BE, AND "C" EQUALS THE FAIR MARKET VALUE PER SHARE OF STOCK ON THE DIVIDEND PAYMENT DATE. THE ACCRUED DERS SHALL REPRESENT SHARES OF STOCK WHICH SHALL BE ISSUABLE TO THE OPTIONEE OF THE RELATED STOCK OPTION PROPORTIONATELY AS THE OPTIONEE EXERCISES THE STOCK OPTION TO WHICH THE ACCRUED DERS RELATE, ROUNDED DOWN TO THE NEAREST WHOLE NUMBER OF SHARES.]

Examples of Accrued DERs in a sentence

  • The Accrued DERs shall represent shares of Stock which shall be issuable to the holder of the related Stock Option proportionately as the holder exercises the Stock Option to which the Accrued DERs relate, rounded down to the nearest whole number of shares.

  • Accrued DERs may be accrued in respect of cash dividends only or cash dividends and the value of any Stock or other property distributed to stockholders, as the Administrator shall determine at the time of grant.

  • DERs may be granted in either of two forms, "Current-pay DERs" and "Accrued DERs" and the Administrator may condition the payment or accrual of amounts in respect thereof subject to satisfaction of such performance objectives as the Administrator may specify at the time of grant.

  • Accrued DERs shall also be accrued with respect to Accrued DERs which, at the date dividends are declared on the Corporation's Common Stock, had previously accrued with respect to such Common Stock pursuant to this Agreement.

  • In addition, on the day after the annual meeting of stockholders of the Company to be held in the calendar year 1995, and on the day after each annual stockholders' meeting of the Company thereafter during the term of the Plan, each Eligible Non-Employee Director of the Company shall be granted a Non-Qualified Stock Option to purchase 2,500 shares of Stock, together with Accrued DERs with respect to such Non-Qualified Stock Option.

  • In order to comply with laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering (“Specified Law”), Xxxxx Fargo Bank, National Association is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with Xxxxx Fargo Bank, National Association.

  • For purposes of the Plan, the following terms shall be defined as set forth below: (1) "Accrued DERs" means dividend equivalent rights with the accrual rights described in Section 5(11).

  • That, in itself is a separate discussion, we will come to that at a later stage.8However, what I wish to illustrate here, is that she inherits 1 th .

  • The Option may be exercised as to 100% of the aggregate number of shares set forth in Section 2 hereof [subject to adjustment in the number of shares for Accrued DERs pursuant to Section 3 hereof and pursuant to Section 3(c) of the Plan] on and after the third anniversary of the Award Date.

  • DERs may be granted in either of two forms, "Current-pay DERs" and "Accrued DERs" and the Administrator may condition the 9 10 payment or accrual of amounts in respect thereof subject to satisfaction of such performance objectives as the Administrator may specify at the time of grant.

Related to Accrued DERs

  • Accrued Amounts means any unpaid annual base salary accrued through the date of a Participant’s Qualifying Termination and any accrued but unpaid vacation pay.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Accrued Rights shall have the meaning set forth in Section 4(a)(iv).

  • Accrued Obligations are (i) Executive’s accrued but unpaid salary through the date of termination, (ii) any unreimbursed business expenses incurred by Executive payable in accordance with the Company’s standard expense reimbursement policies, and (iii) benefits owed to Executive under any qualified retirement plan or health and welfare benefit plan in which Executive was a participant in accordance with applicable law and the provisions of such plan.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Accrued Obligation means the sum of (i) Executive’s Base Salary earned through the Date of Termination and (ii) to the extent permitted by the Company’s vacation policies as may exist from time to time, any accrued, unused vacation pay earned by Executive, in both cases, to the extent not theretofore paid.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Accrued Day(s) Off means the paid day(s) off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of this award.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Compensation Accrued at Termination means the following:

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Accrued Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis.

  • Accrued Benefit have the meanings specified in ERISA.

  • Accrued Expenses means the accrued and unpaid expenses appearing as a Liability on the Preliminary Closing Statement or the Final Closing Statement.

  • Existing Termination Date as defined in Section 2.18.

  • Revolving Termination Date means the earlier to occur of:

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Accrued Component Interest With respect to each Component for any Distribution Date, one month’s interest at the Class X Strip Rate applicable to such Component for such Distribution Date, accrued on the Component Notional Amount of such Component outstanding immediately prior to such Distribution Date. Accrued Component Interest shall be calculated on a 30/360 Basis and, with respect to any Component and any Distribution Date, shall be deemed to accrue during the calendar month preceding the month in which such Distribution Date occurs.

  • Funding Termination Date means the Business Day immediately preceding the ------------------------ Remittance Date occurring in the calendar month that is the third calendar month following the calendar month of the Closing Date, or November 30, 2001.

  • Accrued Day Off means the paid day off accruing to an employee resulting from an entitlement to the 38 hour week as prescribed in Clause 6. - Hours of Duty, Overtime and On Call, in this award.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.