Examples of Deferred Stock in a sentence
The number of shares of Deferred Stock shall be determined by the Committee and may be linked to the Performance Criteria or other specific performance criteria determined to be appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee.
Unless otherwise provided by the Committee, a Participant awarded Deferred Stock shall have no rights as a Company stockholder with respect to such Deferred Stock until such time as the Deferred Stock Award has vested and the Stock underlying the Deferred Stock Award has been issued.
The Administrator is authorized to grant Deferred Stock to any Eligible Individual.
Any Participant selected by the Committee may be granted an award of Deferred Stock in the manner determined from time to time by the Committee.
Shares of Deferred Stock may be awarded either alone or in addition to other awards granted under the Plan.