Annual Stock Retainer definition

Annual Stock Retainer means with respect to each Non-Employee Director for each Plan Year, the dollar value to be delivered in the form of annual Stock awards under the Plan, as established from time to time by the Committee and set forth in Schedule I hereto.

Annual Stock Retainer means that portion of a Director’s Annual Retainer payable in Company Stock.

Annual Stock Retainer means with respect to each Non-Employee Director for each Plan Year, the dollar value to be delivered in the form of annual stock awards under the Plan, as set forth on Schedule I hereto and as may be amended from time to time be the Committee.

Examples of Annual Stock Retainer in a sentence

• The number of shares in the Initial Stock Grant to an Eligible Participant shall be determined by multiplying the Proration Factor (as defined below) by the amount determined by (A) dividing the Annual Stock Retainer as in effect for that Plan Year, by the Fair Market Value of the Stock on the Grant Date, and (B) rounding to the nearest whole number.

• The number of shares in the Annual Stock Grant to an Eligible Participant shall be determined by (A) dividing the Annual Stock Retainer as in effect for that Plan Year, by the Fair Market Value of the Stock on the Grant Date, and (B) rounding to the nearest whole number.

• Pursuant to the Company’s Non-Employee Directors Deferred Compensation Plan, Outside Directors may elect to defer, in whole or in part, receipt of the Annual Cash Retainer, the Annual Stock Retainer and Annual Committee Chair Retainers.

• For service during a Plan Year, a Director may receive an Annual Retainer, consisting of the Annual Cash Retainer and the Annual Stock Retainer.

• A person who becomes an Outside Director on a date other than the date of an Annual Meeting of Shareholders shall receive a fraction of the Annual Stock Retainer based on the number of whole or partial one-month periods remaining until the next Annual Meeting of Shareholders with the number of shares issuable to such person being determined by reference to the closing per share price of the Company’s common stock as quoted on the NYSE on the date on which he or she becomes an Outside Director.

More Definitions of Annual Stock Retainer

Annual Stock Retainer means the award of Stock or Stock Units made in accordance with Section 7 of the Plan.

Annual Stock Retainer means that portion of an Eligible Director's annual retainer paid in Company Stock.

Annual Stock Retainer means the amount payable annually to an Eligible Director in the form of Shares or Deferred Stock Units (as determined pursuant to Section 6) for his or her services as a member of the Board and its committees during the Company's fiscal year. The number of Shares or Deferred Stock Units awarded to an Eligible Director as his or her Annual Stock Retainer for a fiscal year shall be equal to the dollar amount of the Annual Stock Retainer for the fiscal year (as determined from time to time by the Board) divided by the Fair Market Value of a Share on the Grant Date for such fiscal year (rounded up to the next highest whole Share or Deferred Stock Unit). The number of Shares or Deferred Stock Units awarded to the Eligible Director shall be paid to such Eligible Director or credited to such

Annual Stock Retainer means the annual fee payable in Stock to a Non-Employee Director in consideration for his or her service to the Board and its committees.

Annual Stock Retainer means an annual stock award of 500 shares of Common Stock that shall be made as of June 1, 2005 and each January 1 thereafter while this Plan is in effect to Directors of the Sponsor who are members of the Board of Sponsor on such dates. In lieu of such stock award for the calendar year in which a Director is initially elected to the Sponsor’s Board, the new Director will receive a one-time award of 500 shares of Common Stock on the thirty-first day after being elected to the Board which for all purposes herein shall be treated the same as an Annual Stock Retainer.

Annual Stock Retainer means the 120 shares of Stock payable to each Director on an annual basis as part of each Director’s compensation for service on the Board.

Annual Stock Retainer means the portion of the annual retainer paid to Directors in Stock Units, as determined from time to time by the Committee, the Board or another committee thereof. Any portion of an annual retainer paid in cash shall be considered Cash Compensation and may be deferred only by election under § 3.2(a).