Deferred Stock Unit Ledger definition

Deferred Stock Unit Ledger or "DSU Ledger" means a record that from time to time reflects the name of each Participant and credits such Participant with the number of DSU's which have been purchased on his or her behalf under the Plan. As each Participant becomes Partially Vested and Fully Vested in DSU's, the record will also indicate the vesting status of the DSU's.
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Deferred Stock Unit Ledger or "DSU Ledger" means a bookkeeping record maintained by the Company which, among other things, reflects the name of each Participant, the number of DSUs which have been purchased on his or her behalf under the Plan and the vesting status of the DSUs for such Participant.
Sample 1
Deferred Stock Unit Ledger or "DSU Ledger" means a record which from time to time reflects the name of each Participant and credits such Participant with the number of DSUs which have been purchased on his or her behalf under the Plan. As each Participant becomes Vested in DSUs, the record will also indicate the vesting status of the DSUs.
Sample 1

Examples of Deferred Stock Unit Ledger in a sentence

  • All amounts deferred in accordance with a Participant's election authorization shall be credited to such Participant's account under the Deferred Stock Unit Ledger, more fully described below.

  • On the Initial Valuation Date, the Company shall establish a Deferred Stock Unit Ledger which shall reflect the name of each Participant and credit to such Participant's account established thereunder (i) the amounts actually deferred from his or her Compensation in accordance with his or her election authorization and (ii) the number of his or her Deferred Stock Units.

  • All amounts deferred in accordance with a Participant's election authorization shall be credited to such Participant's account under the Deferred Stock Unit Ledger, as more fully described herein.

  • A Participant shall earn fully vested or partially vested interest in amounts credited to his KSL Deferred Stock Unit Ledger in the same pro-rata manner as he earns a Fully Vested or Partially Vested Interest in amounts credited to his DSU Ledger for the applicable Contribution Period.

  • Following the Distribution but effective as of the date of the Distribution, the Company shall establish a KSL Deferred Stock Unit Ledger which shall reflect the name of each Participant and credit to each such Participant's account established thereunder one non-monetary unit equal to one KSL Common Share for every three non-monetary units equal to three shares of Common Stock that is deemed credited to his DSU Ledger as of the record date for the Distribution.

  • Each quarter following the date of the Distribution, the Company shall also credit to the Participant's KSL Deferred Stock Unit Ledger with an amount equal to the Quarterly Cash Distribution.

  • As each Participant becomes partially vested and fully vested (determined in accordance with Section 11) the KSL Deferred Stock Unit Ledger shall reflect his or her cumulative vested interest therein.

  • Upon the Participant's Final Distribution Date, the Participant shall also be entitled to receive a cash payment in an amount equal to the aggregate amount of the Participant's vested interest in the Quarterly Cash Distributions credited to his KSL Deferred Stock Unit Ledger (and interest thereon).

  • Upon the Participant's Final Valuation Date, the Participant shall be entitled to receive such number of KSL Common Shares as is equal to the Participant's number of vested KSL DSU's credited to his KSL Deferred Stock Unit Ledger.

  • On the Initial Valuation Date, the Company shall establish a Deferred Stock Unit Ledger which shall reflect the name of each Participant and credit to each such Participant's account established thereunder (a) the amounts actually deferred from his or her Compensation in accordance with his or her election authorization and (b) the number of his or her Deferred Stock Units.

Related to Deferred Stock Unit Ledger

  • 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.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • 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.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

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

  • 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;

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • 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;

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

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

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Performance Share Unit or “PSU” 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 6;

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

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

  • 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.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.