Director DSU definition

Director DSU means any deferred stock unit award payable in shares of Company Common Stock or the value of which is determined with reference to the value of a share of Company Common Stock and that is held by a non-employee director of the Company, whether granted under a Company Stock Plan or otherwise.
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Director DSU means each time-based restricted stock unit granted to a non-employee director of the Company under the Atrion Corporation 2021 Equity Incentive Plan, which settles on a deferred basis.
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Director DSU means a deferred share unit allocated to a director of the Company pursuant to the terms of the Director DSU Plan;
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Examples of Director DSU in a sentence

  • Other Stock-based Compensation – Director DSU Awards In May 2014, the Board of Directors modified the director compensation program by replacing stock option grants to non- management directors with a director deferred share unit plan (the “Director DSU Plan”).

  • Director DSU awards are expensed in full on the date of grant and recognized in marketing, general and administrative expense in the consolidated statements of income.

  • DSU awards under the 2014 Director DSU Plan are accounted for as equity-settled stock-based transactions.

  • DSUs granted under the 2014 Director DSU Plan will continue to be governed by the terms of the 2014 Director DSU Plan.

  • DSU awards under the 2021 Director DSU Plan are accounted for as cash-settled stock-based transactions with the related liability revalued to fair value at the end of each reporting period.

  • Other Stock-based Compensation – Director DSU Awards In February 2021, the Board of Directors modified its director compensation program by replacing the 2014 Director DSU Plan (as defined below) with a director deferred share unit plan that provides for the settlement of DSUs in cash only (the “2021 Director DSU Plan”) for future grants.

  • The last award of DSUs under the 2014 Director DSU Plan was made on March 12, 2020.

  • The Board of Directors will no longer issue new DSUs under the director deferred share unit plan dated May 2014 (the “2014 Director DSU Plan”).

  • Each OPC DSU that is outstanding and held by an individual other than a CRC Director as of immediately prior to the Effective Time (an “OPC Director DSU”) shall, upon the Effective Time, be adjusted such that the number of shares of OPC Common Stock subject to such OPC Director DSU is the Adjusted OPC Share Number (an “Adjusted OPC DSU”).

  • Commencing in 2020, directors have the option of receiving up to 40% of their annual retainer fee, that is otherwise payable in cash, in the form of DSUs pursuant to the Director DSU Plan.


More Definitions of Director DSU

Director DSU means a DSU issued under the Director DSU Plan. Director DSU Holders means the holders of Director DSUs.
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Director DSU means a DSU issued under the Director DSU Plan.
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Related to Director DSU

  • Nonemployee Director means a Director who is not an Employee.

  • Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Qualified Director means a person who, at the time action is to be taken under:

  • Director Option means an Option granted pursuant to Section 6.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • Non-Employee Directors means that term as defined in Rule 16b-3 under the 1934 Act.

  • Non-Employee Director means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3.

  • Director Fees means the total compensation (including annual retainer and meeting fees, if any) paid by the Corporation to a Director in a calendar year for service on the Board;

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • Inside Director means a Director who is an Employee.

  • 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.

  • Investor Directors or “Investor Director” has the meaning set forth in Section 6.1(a) hereof.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

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

  • Preferred Directors means, collectively, the Series A Directors and the Series B Director.

  • 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.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

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