Examples of Company Stock Units in a sentence
Deferred Stock Account means a bookkeeping account reflecting the investment of a Participant’s deferred Compensation in Company Stock Units and any adjustments thereto.
After the Effective Time, the Company Stock Plan shall be terminated and no further Company Stock Units, Company Other Performance Units or Company Unpaid Performance Units shall be granted thereunder.
Amounts so deducted and withheld shall be promptly paid over to the appropriate taxing authority, and shall be treated for all purposes under this Agreement as having been paid to the holder of Certificates, Book-Entry Shares, Company Stock Units, Company Other Performance Units or Company Unpaid Performance Units, as applicable, in respect of which such deduction or withholding was made.
In each case, payment with respect to any Company Stock Units shall be made within five (5) Business Days after the Closing Date.
Each of Parent, the Surviving Corporation and the Exchange Agent shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of Certificates, Book-Entry Shares, Company Stock Units, Company Other Performance Units or Company Unpaid Performance Units such amounts for Taxes as may be required to be deducted and withheld with respect to the making of such payment under applicable Tax Law.
Cash equivalent units credited to the Participant's Equity Deferral Subaccount under this Section 5.4 may not be converted to Company Stock Units or reallocated to any other rate of return index.
The Company Stock Units credited to a Participant's Equity Deferral Subaccount may not be distributed in cash.
With respect to the obligation to pay cash in respect of the conversion of Company Stock Units under the Company Outside Directors' Equity Compensation Plan or an individual agreement, the obligation shall be payable or distributable in accordance with the terms of the agreement, plan or arrangement relating to the Company Stock Unit.
With respect to the obligation to pay cash in respect of the conversion of Company Stock Units under the Company Deferred Compensation Plans, the obligation shall be payable or distributable in accordance with the terms of the plan or arrangement relating to the Company Stock Unit.
The amount of increase or decrease in the number of Company Stock Units in such event will be equal to the adjustment that would have been made if each Company Stock Unit credited to a Participant’s Account immediately prior to the event constituted one share of Company Stock.