Stock Retainer definition

Stock Retainer means the annual Board retainer fee that is paid to the Director in the form of Common Stock.

Stock Retainer means the portion of each Outside Director's Retainer that is payable in the form of Stock pursuant to the Plan.

Stock Retainer means that portion of a Participant's Retainer which, pursuant to Article 5 of this Plan, such Participant has elected, or is required, to receive in Shares.

Examples of Stock Retainer in a sentence

• The shares of the Common Stock in a Participant's Deferred Stock Account with respect to any Stock Retainer for which a Deferral Election has been made (together with dividends attributable to such shares credited to such Deferred Stock Account) shall be delivered in accordance with this Paragraph 8 as soon as practicable after the applicable Delivery Date.

• The Company shall maintain a Deferred Stock Account for each Participant who makes a Deferral Election to which shall be credited, as of the applicable Payment Time, the number of shares of the Common Stock payable pursuant to the Stock Retainer to which the Deferral Election relates.

• The Company shall maintain a Deferred Stock Account for each Participant who makes a Deferral Election to which shall be credited, as of the applicable Payment Time, the number of shares of Common Stock payable pursuant to the Stock Retainer to which the Deferral Election relates.

• The shares of Common Stock in a Participant's Deferred Stock Account with respect to any Stock Retainer for which a Deferral Election has been made (together with dividends attributable to such shares credited to such Deferred Stock Account) shall be delivered in accordance with this Section 8 as soon as practicable after the applicable Delivery Date.

• Commencing on the Effective Date, the amount for service to directors or consultants shall instead be payable in shares of Common Stock ("Stock Retainer") pursuant to this Plan at the deemed issuance price of one tenth of one cent ($0.001) per Share.

More Definitions of Stock Retainer

Stock Retainer means the annual retainer paid to each Participant under this Plan, in the form of shares of Common Stock, as partial compensation for such Participant’s service as an Outside Director. The aggregate annual dollar amount of such retainer shall be determined each year, immediately following the Company’s Annual Meeting.

Stock Retainer means the payment of Common Stock pursuant to Article VIII as the annual equity retainer for services as a Non-Employee Director.

Stock Retainer means that portion of an Independent Director's annual Fiscal Year retainer for services on the Board of Directors on Hovnanian Enterprises, Inc. or a committee thereof which is payable in shares of Stock under any Hovnanian Enterprises, Inc. or Company non-employee director compensation plan. An Independent Director's Stock Retainer is generally payable during the January of the Fiscal Year in which the related service on the Board of Directors of Hovnanian Enterprises, Inc. is performed (e.g., a Stock Retainer for services performed during the November 1, 2011 – October 31, 2012 Fiscal Year is generally payable during January 2012).

Stock Retainer means the payment of Common Stock as the annual equity retainer for service as a Director.

Stock Retainer means the portion of the Director’s retainer fee that is required to be paid to the Director in Common Stock pursuant to the Company’s compensation policy for directors. Such amount may be denominated in dollars and/or shares of Common Stock.

Stock Retainer means the annual retainer fee paid in Common Stock to a Director.

Stock Retainer means the designated annual stock retainer (currently $60,000), payable quarterly, for Non-Employee Directors established from time to time by the Board as annual stock compensation for services rendered.