Company Stock Unit definition

Company Stock Unit means any stock unit payable in shares of Company Common Stock or whose value is determined with reference to the value of shares of Company Common Stock granted that is subject to time-based vesting under the Company Stock Plan.

Company Stock Unit means a hypothetical investment unit whose value is equal to the Fair Market Value of one Share.

Company Stock Unit. As defined in Section 4.1(g).

Examples of Company Stock Unit in a sentence

• All distributions from the Company Stock Unit Subaccount attributable to deferrals of PBRS Awards (but not Dividend Equivalents or earnings and losses attributable to such Dividend Equivalents) shall be made in the form of one share of Company Common Stock for each Company stock unit therein.

• A Participant shall vest in his or her Company Stock Unit Subaccount with respect to the Company stock units therein attributable to a PBRS Award on the date on which such PBRS Award would otherwise have vested had the Participant not elected to defer receipt of the Company Common Stock issuable pursuant to such PBRS Award.

• The Company or Plan Administrator shall establish and maintain a Company Stock Unit Subaccount for each Participant who elects to defer receipt of a PBRS Award.

• All shares of Company Common Stock ultimately distributed in respect of Company stock units under the Company Stock Unit Subaccount will be issued under the 2008 Omnibus Award Plan (or any successor plan).

• Immediately prior to the Effective Time, each Company Stock Unit that is outstanding and unvested immediately prior to the Effective Time shall be cancelled as of the Effective Time and converted into a vested right to receive cash in an amount equal to (i) the Merger Consideration, plus (ii) the amount of any unpaid dividend equivalents associated with such Company Stock Unit as of the Effective Time, subject to any withholding Taxes required by Law to be withheld in accordance with Section 2.03(f).

More Definitions of Company Stock Unit

Company Stock Unit means Company Awards consisting of rights (other than Company Options) to receive, with the passage of time or under certain circumstances, Company Shares.

Company Stock Unit means an accounting entry that is equal in value at any time to the current fair market value of one share of Company Stock, and that represents an unsecured obligation to pay that amount to a Participant in accordance with the terms of the Plan. A Company Stock Unit will not carry any voting, dividend or other similar rights and will not constitute an option or any other right to acquire any equity securities of the Controlling Company.

Company Stock Unit means any restricted stock unit or performance stock unit with respect to Company Stock granted under the Company Stock Plans.

Company Stock Unit means a bookkeeping unit representing a share of Common Stock.

Company Stock Unit means a unit of value, equal in value to one share of Company Stock, by which the value of an Executive's Company Stock Deferral Account and Company Stock Matching Account are determined pursuant to and in accordance with Section 6.3 hereof;

Company Stock Unit means a unit of value, equal in value to one share of Company Stock, by which the value of a Director's Company Stock Account is determined pursuant to and in accordance with Section 7.3 hereof;

Company Stock Unit means a stock unit representing one share of Company Common Stock credited to an employee or director and held under the Deferred Compensation Plan. A-4.