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.

• An Eligible Director also may elect to defer receipt of an Annual Stock Retainer as provided in Section 5.

• 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.

• An Eligible Director whose service terminates at an Annual Meeting shall not receive an Annual Stock Retainer.

More Definitions of Annual Stock Retainer

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

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

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 the 240 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 with respect to each Independent Director for each Plan Year, the dollar value to be delivered in the form of annual Equity Awards under the Plan, as established from time to time by the Board

Annual Stock Retainer means that portion of a Director’s annual retainer fee for acting as a Director that is not required to be paid solely in cash, as determined by the Corporation from time to time;