Restricted Stock Unit Account definition

Restricted Stock Unit Account means the memorandum account maintained by the Company on behalf of each Colleague which is credited with Restricted Stock Units under this Agreement. Each Restricted Stock Unit represents the right to receive a distribution of one Share as provided in the Restricted Stock Unit Award Agreement and this Addendum. Shares means shares of the Company’s Common Stock.

Restricted Stock Unit Account or “RSU Account” means an account established on the Company’s books for each Participant who receives an Award of RSUs.

Restricted Stock Unit Account means a book account maintained by the Company reflecting the Restricted Stock Units allocated to a Participant pursuant to Section 4(b) hereof.

Examples of Restricted Stock Unit Account in a sentence

• The Participant shall not have any interest in any fund or specific assets of the Company by reason of this grant or the Restricted Stock Unit Account established for the Participant.

• The Company shall establish and maintain a Restricted Stock Unit account as a bookkeeping account on its records (the “Restricted Stock Unit Account”) for the Participant and shall record in such Restricted Stock Unit Account the number of Restricted Stock Units granted to the Participant.

• Until the Redemption Date (or the Deferred Date, if elected), if any dividends are paid with respect to the shares of Company Stock, the Company shall credit to a dividend equivalent account (the “Dividend Equivalent Account”) the value of the dividends that would have been distributed if the Restricted Stock Units credited to the Participant’s Restricted Stock Unit Account as of the date of payment of any such dividend were shares of Company Stock.

• Participant’s interest in the Restricted Stock Unit Account will make Participant only a general, unsecured creditor of the Company.

• Any securities, other property or amounts nominally credited to the Restricted Stock Unit Account other than Restricted Stock Units will be paid in kind or, in the Administrator’s discretion, in cash.

More Definitions of Restricted Stock Unit Account

Restricted Stock Unit Account means the aggregate value, measured on any given date, of (i) the number of Restricted Stock Units deferred by a Participant as a result of all Restricted Stock Unit Amounts, plus (ii) the number of additional shares credited to a Participant’s Restricted Stock Unit Account as a result of the deemed reinvestment of dividends in accordance with this Plan, less (iii) the number of Restricted Stock Units previously distributed to the Participant or his or her Beneficiary pursuant to this Plan, subject in each case to any adjustments to the number of such shares determined by the Committee with respect to the Stock Unit Fund pursuant to Section 3.8(c).

Restricted Stock Unit Account means the record keeping account where the number of Restricted Stock Units granted to a Participant are recorded.

Restricted Stock Unit Account means the account maintained with respect to each Participant under the Plan, containing the deferred Restricted Stock Units. The Restricted Stock Unit Account shall be credited in accordance with the rules in effect under Section 8.

Restricted Stock Unit Account means the account created by Hubbell pursuant Article III of this Plan in accordance with an election by a Director to defer Restricted Stock under Article II hereof.

Restricted Stock Unit Account means the individual bookkeeping account maintained by the Company in the name of a Participant to record the Participant’s Restricted Stock Units and other amounts granted to the Participant under Section 4.4.

Restricted Stock Unit Account means (i) the sum of all of a Participant's Annual Restricted Stock Unit Amounts deferred into this Plan, plus (ii) amounts credited or debited in accordance with all the applicable crediting and debiting provisions of this Plan that relate to the Participant's Restricted Stock Unit Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Restricted Stock Unit Account.

Restricted Stock Unit Account means the Account separately established for crediting deferrals of Restricted Stock Unit Awards, pursuant to Section 4.3 of this Plan.”