Deferred Stock Unit Award definition

Deferred Stock Unit Award means an Award granted pursuant to Article VIII.

Deferred Stock Unit Award means a Stock Unit Award that a Participant has irrevocably elected to defer under the terms of this Plan.

Deferred Stock Unit Award means an award of Deferred Stock Units under this Plan.

Examples of Deferred Stock Unit Award in a sentence

• Unless otherwise provided by the Committee, a Participant awarded Deferred Stock Units shall have no rights as a Company stockholder with respect to such Deferred Stock Units until such time as the Deferred Stock Unit Award has vested and the Stock underlying the Deferred Stock Unit Award has been issued.

• In addition, nothing in your Deferred Stock Unit Award shall obligate the Company, its stockholders, Board, Officers or Employees to continue any relationship which you might have as a Director or Consultant for the Company.

• Participants may not elect to receive the Annual Deferred Stock Unit Award as current cash compensation.

• Prior to the issuance of shares of Stock in settlement of a Deferred Stock Unit Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by your creditors or by your beneficiary, except (i) transfer by will or by the laws of descent and distribution or (ii) transfer by written designation of a beneficiary, in a form acceptable to the Company, with such designation taking effect upon your death.

• By accepting the Deferred Stock Unit Award, you and the Company waive your respective rights to have any such disputes or claims tried by a judge or jury.

More Definitions of Deferred Stock Unit Award

Deferred Stock Unit Award means the Deferred Stock Unit Award granted to a Participant in accordance with Section 8 of the Plan.

Deferred Stock Unit Award means an award under Section 6.2 hereof of Deferred Stock Units as a result of a Participant’s Stock Election for a Board Term.

Deferred Stock Unit Award means an Award granted pursuant to Article VI.

Deferred Stock Unit Award means an award in the form of Deferred Stock Units.

Deferred Stock Unit Award means any annual award of Deferred Stock Units that may be granted to a Participant for services to the Company as an Independent Director under The Clorox Company 2005 Stock Incentive Plan (or any successor stock incentive plan approved by the stockholders of the Company).

Deferred Stock Unit Award means a Deferred Stock Unit award granted to a Participant under the Plan.

Deferred Stock Unit Award means an Annual Deferred Stock Unit Award, Discretionary Deferred Stock Unit Award or Retainer Deferred Stock Unit Award granted pursuant to Article VII.