Examples of Director DSU Plan in a sentence
Represents deferred share units (“DSUs”) under the Non-Employee Director DSU Plan (See “Director Compensation - Compensation of Directors/Attendance” herein).
The Director DSU Plan enables Onex directors to apply directors’ fees earned to acquire Deferred Share Units (“DSUs”) based on the market value of Onex shares at the time.
Onex, the parent company, established a Director DSU Plan in 2004, which allows Onex directors to apply directors’ fees earned to acquire DSUs based on the market value of Onex shares at the time.
The last award of DSUs under the 2014 Director DSU Plan was made on March 12, 2020.
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.