Dividend Equivalent Units definition

Dividend Equivalent Units mean additional Restricted Stock Units credited pursuant to the Dividend Equivalent Right described in Section 3.3.

Dividend Equivalent Units means additional Restricted Units or additional Deferred Vested Units credited to a Participant's Account pursuant to Section 5(f) or Section 7(d)(vi).

Dividend Equivalent Units means additional Common Stock Units credited to a Participant’s Account pursuant to Section 5.05.

Examples of Dividend Equivalent Units in a sentence

• Such additional Dividend Equivalent Units shall be subject to the same terms and conditions and shall be settled or forfeited in the same manner and at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

• Dividend Equivalent Units shall become Vested Units at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

• Upon the settlement of any Earned Performance Unit and associated Earned Dividend Equivalent Units, such Earned Performance Unit and Earned Dividend Equivalent Units shall be cancelled.

• Upon the settlement of any vested Restricted Stock Units and Dividend Equivalent Units, such Restricted Stock Units and Dividend Equivalent Units shall be cancelled.

• Dividend Equivalent Units shall be subject to the same vesting terms and conditions as the RSUs to which they relate.

More Definitions of Dividend Equivalent Units

Dividend Equivalent Units means additional Restricted Units, additional Performance Units or additional Rights credited to a Participant pursuant to Section 5.04, Section 6.04 or Section 7.02.

Dividend Equivalent Units means the additions to a Participant’s Stock Unit Account pursuant to Section 4.2 hereof.

Dividend Equivalent Units has the meaning set out in Section 5.2.

Dividend Equivalent Units means additional Units credited with respect to a Participant's Restricted Units, Performance Units, or Annual Award Units pursuant to Section 6(c), Section 7(b) or Section 8(b).

Dividend Equivalent Units means the right to receive a payment based on dividends paid on Shares, which right may be awarded as described in Error! Reference source not found.

Dividend Equivalent Units means the right to receive additional Shares, based on dividends paid on Shares, which right may be awarded with respect to an Option.

Dividend Equivalent Units means additional Units credited with respect to a Participant’s Restricted Units, Performance Units, or Annual Award Units pursuant to Section 6(c), Section 7(b) or Section 8(b) and which represent the equivalent value (in Units) of dividends paid on Shares.