Stock Deferrals definition
Examples of Stock Deferrals in a sentence
Distribution of the Stock Deferrals shall be made in accordance with Article VII hereof.
Such Stock Deferrals shall be made pursuant to Section 2.2, above, in accordance with the provisions thereof.
The Plan Committee shall credit such Stock Deferrals to a bookkeeping account (to be known as a “Stock Account”) for the benefit of such Participant.
The deferred delivery of the shares of Stock deliverable on account of the Prior Stock Award (the "Stock Deferrals") shall be implemented by a credit to a bookkeeping account maintained by the Company evidencing the Executive's unfunded right to receive shares of Stock of the Company on the Executive's Termination Date.
Within 30 days after the Termination Date, shares of Stock representing the Stock Deferrals shall be registered in the name of the Executive and certificates representing such shares of Stock shall be delivered to the Executive.
The Stock Deferrals shall be implemented by a credit to a bookkeeping account maintained by the Company evidencing the Executive's unfunded right to receive shares of Stock of the Company on the Stock Deferral Date.
Any dividends payable with respect to any Stock Deferrals shall be converted into additional Deferred Shares or cash, as determined by the Plan Committee in its sole discretion, and held in the Participant’s Stock Account to be distributed at the same time as the Stock Deferrals to which the dividends relate.
Payments of Balances and Stock Deferrals shall be made or commence on the first business day of the month following the date that is six (6) months following the date of the Participant’s Separation from Service.
By executing this Agreement, the Executive hereby irrevocably elects to defer the receipt of any amounts which may be payable, or shares of Stock which may be deliverable, to him on account of Section 6 of the Employment Agreement (the "Stock Deferrals").
A Stock Account shall be established for each Participant for the purpose of recording the Stock Deferrals credited on his or her behalf in accordance with Section 4.2.