Deferred Stock Unit Account definition

Deferred Stock Unit Account means an account established and maintained by the Company for each Nonemployee Director who receives Stock Units under the Plan.

Deferred Stock Unit Account means the bookkeeping account established for each Deferral Participant in accordance with Section 2 of Article VI.

Deferred Stock Unit Account means the separate account maintained on the books of the Company for each Participant pursuant to Section 4.

Examples of Deferred Stock Unit Account in a sentence

• The dollar value of the Deferred Stock Units credited to a Participant's Deferred Stock Unit Account on any date shall be determined by multiplying the number of Deferred Stock Units (including fractional Deferred Stock Units) credited to the Participant's Deferred Stock Unit Account by the Closing Price on that date.

• In the event of a transaction or event described in this subsection (c), the number of Deferred Stock Units credited to a Participant's Deferred Stock Unit Account shall be adjusted in such manner as the Board, in its sole discretion, deems equitable.

• Subtractions from Deferred Cash Account and Deferred Stock Unit Account.

• For purposes hereof, a Participant's Deferral Benefit shall be the balance in his Deferred Cash Account and his Deferred Stock Unit Account at the time in question.

• All distributions from a Participant's Deferred Cash Account and Deferred Stock Unit Account shall be subtracted when such distributions are made.

More Definitions of Deferred Stock Unit Account

Deferred Stock Unit Account means the bookkeeping account established under these Procedures by the Company for each Participant, in which shall be reflected amounts credited as deferred stock units.

Deferred Stock Unit Account means a bookkeeping account established under the Plan for each Participant electing to defer a Stock Unit Award under Section 3.1.

Deferred Stock Unit Account means the notational account established pursuant to Article 5 to record the Net Shares deferred by the Participant and the dividend equivalents with respect to such Net Shares.

Deferred Stock Unit Account means a bookkeeping account maintained by the Company reflecting the number of Deferred Stock Units credited to a Participant pursuant to Section 6.2 hereof as a result of the Participant's Stock Election .

Deferred Stock Unit Account means an Account established for each Participant by the Committee with respect to the bookkeeping of such Participant’s Director Fees and/or LTI deferred as Deferred Stock Units by the Participant pursuant to a Deferral Election.

Deferred Stock Unit Account means the deferred stock unit account established for each Participant in accordance with Section 6.1 of the Plan.

Deferred Stock Unit Account means the notarial account established pursuant to Article VII to record the grant of Deferred Stock Units to the Participant.