Stock Equivalent Account definition

Stock Equivalent Account means the investment alternative under which a Participant's Deferral Account is treated as if it is invested in the Company's common stock.

Stock Equivalent Account means one of two investment alternatives (the other being an Interest Account) in which a Non-Employee Director may elect to invest a Deferral or portion thereof as described in sections 6 and 7 below.

Stock Equivalent Account means an investment fund subaccount that is credited with the hypothetical purchase of whole shares of the Company’s Common Stock.

Examples of Stock Equivalent Account in a sentence

• A Deferred Stock Equivalent Account shall be established for each Director.

• The deferral, if elected, will result in the transfer of the RSUs into the Company’s deferred compensation plan Stock Equivalent Account in effect, and applicable to the Grantee, at the time the RSUs would have otherwise been distributed.

• A statement as to the balance of his or her Deferred Stock Equivalent Account will be sent to each Director at least once each calendar year.

• No interest will be credited on such amounts invested in the Interest Account following such Distribution Date and no dividend equivalent payments will accrue on such amounts invested in the Stock Equivalent Account after such Distribution Date.

• Under the Stock Equivalent Account, the value of the Participant's Deferral shall be determined as if the Deferral were invested in the Company's common stock as of the Deferral Crediting Date.

More Definitions of Stock Equivalent Account

Stock Equivalent Account means a bookkeeping account established in accordance with Article VI that represents a Participant’s hypothetical interest with respect to the Stock Equivalent Shares credited to such Account in accordance with paragraph (a) of Article V and paragraph (c) of Article VI.

Stock Equivalent Account means the investment alternative under which a Participant’s Deferral Account is treated as if it is invested in common stock equivalents.

Stock Equivalent Account means the Investment Fund under which all or a portion of a Non-Employee Director’s Deferral Account is treated as if it is invested in common stock equivalents.”

Stock Equivalent Account means the investment alternative under which all or a portion of a Participant’s Deferral Account is treated as if it is invested in common stock equivalents.

Stock Equivalent Account means a book account maintained by KeySpan reflecting the stock equivalents of KeySpan common stock allocated to the Participant as a result of the deferral of Compensation or Annual Stock Grant and any such additional stock equivalents of KeySpan common stock as shall be credited thereto in respect of dividends paid on KeySpan common stock pursuant to Section 5(d).

Stock Equivalent Account means a book account maintained by KeySpan reflecting the accumulated Stock Equivalents acquired by a Participant, through any Compensation deferred into Stock Equivalents, any Stock Equivalent Dividends paid and any Annual Stock Grant awarded in Stock Equivalents to such Participant.

Stock Equivalent Account means the investment alternative under which a Participant's Deferral Account is treated as if it is invested in Sara Lee common stock equivalents.