Examples of Deferred Share Unit Award in a sentence
Each Deferred Share Unit Agreement shall be executed by the Company and the Director to whom such Deferred Share Unit Award has been granted, unless the Deferred Share Unit Agreement provides otherwise; two or more Deferred Share Unit Awards granted to a single Director may, however, be combined in a single Deferred Share Unit Agreement.
Each Deferred Share Unit Award shall be evidenced by a Deferred Share Unit Agreement in substantially the form or forms as may be approved by the Administrator.
Any Deferred Share Unit Award that is subject to Code Section 409A shall satisfy the requirements of Code Section 409A.
Deferred Share Unit Awards shall not require any cash payment from the Deferred Share Unit Participant to whom such Deferred Share Unit Award is made, either at the time such Award is made or at the time any payment becomes due or Shares become issuable under that Award.
Provided that the terms and conditions applicable to a Deferred Share Unit Award permit it, a Participant may change the Participant’s distribution election, provided such change in distribution election shall comply with the procedures and rules set forth in Section 11.09 which apply to change in distribution elections, including such rules relating to invalid and valid but incomplete change in distribution elections.
Payment under a Deferred Share Unit Award shall be made in Shares that have an aggregate Fair Market Value equal to the value of the Deferred Share Units.
A Deferred Share Unit Award will be subject to an Award Agreement containing such terms and conditions, not inconsistent with the provisions of this Plan, as the Board shall determine.
STILLWATER MINING COMPANYBy: /s/ Mick McMullenTitle: President and CEODate: August 19, 2014EXHIBIT A STILLWATER MINING COMPANY INDEPENDENT DIRECTOR DEFERRED SHARE UNIT PLAN AWARD AGREEMENT This Deferred Share Unit Award Agreement (this “Agreement”) is made and entered into as of [GRANT DATE] (the “Grant Date”) by and between Stillwater Mining Company (“Company”) and [DIRECTOR NAME] (the “Independent Director”).
The amount of, the vesting and the transferability restrictions applicable to any Deferred Share Unit Award shall be determined by the Committee in its sole discretion.
The redemption of the Award granted hereby, issuance of Class A common shares and ownership of the Class A common shares are subject to the terms and conditions of the Plan (all of which are incorporated into and form part of this Deferred Share Unit Award Agreement) and this Deferred Share Unit Award Agreement.