RSU Account definition

RSU Account means (i) the sum of all of a Participant’s RSU Deferral Amounts, plus (ii) the hypothetical deemed investment earnings and losses credited or charged in accordance with all the applicable provisions of this Plan that relate to the Participant’s RSU Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s RSU Account.

RSU Account means the account established by the Company in respect of a Member pursuant to Section 4.01 (RSU Accounts) to which RSU Allocations and RSU Dividends are recorded.

RSU Account means Restricted Stock Units credited to the Participant immediately prior to the Reallocation Date.

Examples of RSU Account in a sentence

• Restricted Stock Units shall be credited to the Grantee’s RSU Account as of the Grant Date of such Restricted Stock Units.

• No funds shall be set aside or earmarked for any RSU Account, which shall be purely a bookkeeping device.

• All amounts credited to the Grantee’s RSU Account shall constitute general assets of the Company and may be disposed of by the Company at such time and for such purposes, as it may deem appropriate.

• The right of the Grantee or his or her beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Company, and neither the Grantee nor his or her beneficiary shall have any rights in or against any amounts credited to the Grantee’s RSU Account or any other specific assets of the Company.

• Upon the payment of any dividends on Common Stock occurring during the period preceding the date the RSUs are settled in Common Stock and distributed to the Grantee as described in Section 6, the Company shall credit the Grantee’s RSU Account with an amount equal in value to the dividends that the Grantee would have received had the Grantee been the actual owner of the number of shares of Common Stock represented by the RSUs in the Grantee’s RSU Account on that date.

More Definitions of RSU Account

RSU Account means an unfunded bookkeeping account, notionally established on behalf of the Participant, that will be credited with any Accrued RSUs pursuant to the terms of this Agreement.

RSU Account means the account maintained by the Corporation for each Participant participating in this RSU Plan to be credited with notional grants of RSUs from time to time.

RSU Account means a bookkeeping account representing the Participant’s Deferred RSUs, including any adjustments for earnings, losses, or Dividend Equivalents.

RSU Account means a savings or loan account or demand account that may be accessed through use of an RSU.

RSU Account means the account maintain on the books of the Company for a Participant for the purpose of accounting for the Deferred RSUs and Converted RSUs.

RSU Account means the bookkeeping account maintained for each Participant and maintained in accordance with Section 5.3 and the applicable Equity Plan that reflects (a) all RSUs granted to him or her as part of an Award pursuant to this Program and the Equity Plan, (b) all RSUs added as a result of dividend equivalents deemed to be reinvested in RSUs, and (c) any cash, securities, or property distributions that were not deemed reinvested in additional RSUs.

RSU Account means a bookkeeping entry used by the Company to record and account for the grant of RSUs (and dividends credited to such RSUs pursuant to Section 9.2) until such time as the RSUs are distributed in the form of shares of Common Stock.