Deferred Shares Account definition

Deferred Shares Account means the account described in Section 8(d).
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Deferred Shares Account or “Account” shall mean the separate account established under the Plan for each Participant, as described in Section 3.2.
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Deferred Shares Account means the Account, established pursuant to Section Five, to which is credited with Deferred Shares as provided herein.
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Examples of Deferred Shares Account in a sentence

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  • DEFERRAL AGREEMENT means an agreement delivered pursuant to the Plan between the Company and a Participant relating to the establishment of a Deferred Shares Account, in such form as the Administrator shall approve.

  • A Participant will have no beneficial or record interest or voting right in or other privileges relating to Shares as a result of the crediting of Deferred Shares to his Deferred Shares Account, and will obtain such rights and privileges only upon the issuance of a certificate representing the equivalent Shares.

  • The Employer shall establish and maintain a Diversified Account, a Deferred Shares Account, and a Company Account in the name of each Participant.

  • Such a Deferred Shares Account shall represent an unfunded and unsecured obligation of the Company and shall be subject to the terms and conditions of the applicable Deferral Agreement between such Participant and the Company.

  • The Company, through its accounting records, shall establish a Deferred Shares Account and a Cash Account, and, as necessary, a Matching Shares Account for each Participant who elects to defer a Bonus as provided in Section A 4.1. A 6.2 CREDITING OF DEFERRAL COMMITMENTS AND MATCHING CONTRIBUTIONS.

  • The Administrator (in its sole discretion) may permit a Participant to have Shares that otherwise would be delivered to such Participant as a result of the exercise of a Stock Option or the settlement of a Stock Grant credited to a Deferred Shares Account established for such Participant by the Administrator as an entry on the Company`s books.

  • The Company may elect to, but is not required to, actually hold Common Stock in an amount equal to the number of Shares credited to a Participant`s Deferred Shares Account.

  • Deferred Shares granted under this Agreement will be credited to the Participant’s Deferred Shares Account as of the Award Date set forth above.

  • Each time a cash dividend is paid on the shares, a Non-Employee Director who has shares credited to his Deferred Shares Account shall receive a credit for such dividends on the dividend payment date to such Non-Employee Director's Deferred Shares Account.


More Definitions of Deferred Shares Account

Deferred Shares Account means an account for a Non- Employee Director to which all or portions of a Non-Employee Director's fees have been or are to be credited in the form of shares of Common Stock.
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Deferred Shares Account means the Account established for a Participant and credited with Share Equivalents as the result of (i) a Participant's election to defer Stock Option Gains, Performance Share Awards, or Restricted Stock Awards; or (ii) the deferral of Dividend Equivalents.
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Related to Deferred Shares Account

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • 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.

  • 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.

  • 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 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 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;

  • 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 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;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Investment Account As defined in Section 3.12(a).

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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 Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

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

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

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

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.