DSU Participant definition

DSU Participant means a director of the Corporation (who for greater certainty may also be an employee, if applicable) who has been designated by the Corporation for participation in the Plan and who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted thereunder;

DSU Participant means a director of the Company (who for greater certainty may not also be an employee) who has been designated by the Company for participation in the Plan and who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted thereunder;

DSU Participant means an Eligible Person who may be granted Deferred Share Units from time to time under this Plan;

Examples of DSU Participant in a sentence

• Pursuant to the Deferred Share Unit Plan (“DSU Plan”), the Board may, from time to time, at its discretion and in accordance with exchange requirements, grant to employees, directors and consultants, of the Company (collectively the “DSU Participants”), Deferred Share Units (“DSUs”) representing the right of the DSU Participant to receive one common share of the Company or cash equivalent (a “DSU Payment”) for each whole DSU held by such DSU Participant.

• If applicable, the Company shall also make a cash payment, net of any Applicable Withholding Taxes, to the DSU Participant with respect to the value of fractional Deferred Share Units standing to the DSU Participant’s credit after the maximum number of whole Shares have been issued by the Company, calculated by multiplying (i) the number of such fractional Deferred Share Units by (ii) the Market Value of such fractional Deferred Share Units on the applicable date.

• However, no amount will be paid to, or in respect of, the DSU Participants under the Plan or pursuant to any other arrangement, and no additional Deferred Share Units will be granted to such Participant to compensation for a downward fluctuation in the price of the Shares, nor will any other form of benefit be conferred upon, or in respect of, a DSU Participant for such purpose.

• If applicable, the Corporation shall also make a cash payment to the DSU Participant with respect to the value of fractional Deferred Share Units standing to the DSU Participant’s credit after the maximum number of whole Shares have been issued by the Corporation, calculated by multiplying (i) the number of such fractional Deferred Share Units by (ii) the Market Value on the DSU Termination Date.

• Notwithstanding any other provision of the Plan to the contrary, if the Deferred Share Units of a DSU Participant are subject to tax under both the income tax laws of Canada and the income tax laws of the United States, the following special rules regarding forfeiture will apply.

More Definitions of DSU Participant

DSU Participant means a Director of Concordia who has been designated by Concordia for participation in the Plan and who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted hereunder;

DSU Participant means a director of Flowr who has been designated by Flowr for participation in the Plan and who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted hereunder;

DSU Participant means the directors, full-time employees and officers of the Issuer or of any affiliate or associate of the Issuer permitted to participate in the DSU Plan in accordance with its terms.

DSU Participant means a director or employee of the Corporation who has been designated by the Corporation for participation in the Plan and who has agreed to participate in the Plan and to who Deferred Share Units have or will be granted thereunder;

DSU Participant means a Director DSU Participant or an Officer DSU Participant, as applicable;

DSU Participant means a Director of the Company who has been designated by the Company for participation in the Plan, who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted hereunder.

DSU Participant means an Eligible Participant of VR Resources who has been designated by VR Resources for participation in the Plan and who has agreed to participate in the Plan and to whom Deferred Share Units have or will be granted hereunder;