Deferred Share Unit Account definition

Deferred Share Unit Account or “DSU Account” means the sub-account used to record (i) deferrals made hereunder which are designated by the Director for allocation to the DSU Account and (ii) any credits on and adjustments of such amounts pursuant to Section 6.
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Deferred Share Unit Account has the meaning ascribed thereto in Section 5.1.
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Deferred Share Unit Account means an unfunded book-entry account maintained by the Committee to reflect Deferred Share Units granted to a Participant.
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Examples of Deferred Share Unit Account in a sentence

  • If the US Director does not select a Redemption Date, his Deferred Share Unit Account shall be redeemed by the Committee in sufficient time so that payment may be made on the last business day of the calendar year following the year in which the Director's Termination Date occurs.

  • The Deferred Share Unit Account of a US Director whose Director's Termination Date results from death shall be redeemed and paid to the US Director's estate during the calendar year next following the calendar year in which the death occurs.

  • Notwithstanding the provisions of Section 6.1 of the Plan to the contrary, the value of a US Director's Deferred Share Unit Account shall be redeemed during the calendar year next following the calendar year in which the US Director's Termination Date occurs.

  • If the US Director (or the US Director's estate) does not select a Redemption Date, his Deferred Share Unit Account shall be redeemed by the Committee in sufficient time so that payment may be made on the last business day of the calendar year following the year in which the death occurs.

  • Where Deferred Share Units are granted to a Director pursuant to Section 4.6, such Deferred Share Units shall be credited to the Eligible Director's Deferred Share Unit Account as of the Conversion Date applicable for the Quarter or other period to which the Deferred Share Units relate.


More Definitions of Deferred Share Unit Account

Deferred Share Unit Account or “DSU Account” means an account described in section 4.1.
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Deferred Share Unit Account means an account maintained for a Director or Management Member in accordance with Section 5.1.
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Deferred Share Unit Account means the notional account maintained by the Corporation for each Participant which will be credited with grants of Deferred Share Units in accordance with the terms of this Plan;
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Deferred Share Unit Account means a bookkeeping account established and maintained by the Company in the name of each Participant who elects hereunder to receive Deferred Share Units in lieu of Cash Director Fees.
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Deferred Share Unit Account means the account maintained for the Eligible Director on the books of the Corporation into which Deferred Share Units will be credited in accordance with Section 5.00 of this Agreement.
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Related to Deferred Share Unit Account

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • DSUs means the deferred share units granted under the DSU Plan;

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).