Earned Stock Units definition

Earned Stock Units means the number of Stock Units earned pursuant to this Agreement based upon the achievement by the Company of the Performance Criteria as set forth in Exhibit A. Within ten (10) business days following the date on which the Award vests in a Stock Unit as set forth herein, the Company shall deliver to the Awardee one Share for each Stock Unit in which the Award becomes vested and such Stock Unit shall terminate.
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Examples of Earned Stock Units in a sentence

  • Subject to the terms and conditions of this Award, up to 150% of the number of Stock Units granted pursuant to this agreement may be earned with regard to the ROIC component for the Performance Period (ROIC Earned Stock Units).

  • If such termination occurs after the Measurement Date, subject to the Administrator’s determination and certification of the achievement of the Performance Targets in Accordance with Annex A, any Earned Stock Units that are unvested as of the date of such termination of Employment will immediately vest as of such date.

  • The payment of such Earned Stock Units is intended to comply with the requirements for a “short term deferral” under Section 409A of the Code and this Agreement and the Stock Units will be construed and administered to comply with such requirements.

  • If the Participant’s Qualifying Termination occurs after the Measurement Date, subject to the Administrator’s determination and certification of the achievement of the Performance Targets in accordance with Annex A, any Earned Stock Units that are unvested as of the date of such termination of Employment will immediately vest as of such date.

  • It is an independent non-political, non-governmental and non-partisan organization that observes international cooperative principles and is a member of the International Cooperative Alliance.

  • If such termination occurs after the Measurement Date, subject to the Administrator’s determination and certification of the achievement of the Performance Targets in accordance with Annex A, any Earned Stock Units that are unvested as of the date of such termination of Employment will immediately vest as of such date.

  • Subject to the terms and conditions of this Award, up to 160% of the number of Stock Units granted pursuant to this agreement may be earned with regard to the ROIC component for the Performance Period (ROIC Earned Stock Units).

  • The Company may also satisfy any withholding obligation by withholding Shares from the Shares otherwise issuable or deliverable to the Participant as a result of the vesting and/or settlement of the Earned Stock Units (or, in the case of PSUs settled in cash, a portion of the cash proceeds); provided, however, that no Shares will be withheld with a value exceeding the minimum amount of tax required to be withheld by law (as determined by the Administrator in good faith and in its sole discretion).

  • In the event the withholding requirements are not satisfied through the methods described herein, no Shares (or cash) will be issued in settlement of the Earned Stock Units unless and until satisfactory arrangements (as determined by the Administrator) have been made by the Participant with respect to the payment of any Tax—Related Items.

  • If the Participant becomes disabled after the Measurement Date, subject to the Administrator’s determination and certification of the achievement of the Performance Targets in Accordance with Annex A, any Earned Stock Units that are unvested as of the date the Participant becomes disabled will immediately vest as of such date.

Related to Earned Stock Units

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

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • RSUs means restricted stock units.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • 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.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

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

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.