Examples of DSU Plan in a sentence
The DSU Plan permits certain non-management directors to defer receipt of all or a portion of their board fees until termination of the board service and to receive such fees in the form of common shares at that time.
Grants under the DSU Plan are awarded to non-executive directors of the Company.
Under the DSU plan, no common shares are to be issued, or cash payments made to, or in respect of a participant in the DSU Plan prior to such eligible participant’s termination date.
The Company shall pay out cash on the respective vesting dates of RSUs and redemption dates of DSUs. Only non-executive directors of the Company are eligible for grants under the DSU Plan.
The DSU Plan provides for the issuance of common shares from treasury, in the form of Deferred Share Units (“DSUs”).