Vested Deferred Stock Units definition

Vested Deferred Stock Units means the portion of the Deferred Stock Units subject to this Agreement that become vested on the applicable Vesting Date set forth in Section 3 below.
View Source
Vested Deferred Stock Units means any portion of the Deferred Stock Units subject to this Agreement that is and has become vested pursuant to Section 3 hereof.
View Source
Vested Deferred Stock Units. On or about the Start Date, the Executive will be granted 50,000 shares of time-vested deferred stock units (including dividend equivalents payable thereon promptly after vesting thereof) under the Plan or subject to terms consistent therewith. The award of time-vested deferred stock units ▇▇▇▇ ▇▇▇▇▇ vest (and be promptly settled, together with all dividend equivalents accrued thereon) on the fifth anniversary of the grant date, provided that the Executive remains employed by the Company on such date (except as otherwise provided below in the event of a termination of the Executive’s employment without Cause). Dividend equivalents on the time-vested deferred stock units will be settled in shares of Common Stock having a fair market value on the settlement date equal to the dividend equivalents accrued through the vesting period.
View Source

Examples of Vested Deferred Stock Units in a sentence

  • For avoidance of doubt, Dividend Equivalents shall be paid in cash on the date the Vested Deferred Stock Units to which they relate are converted into shares of Common Stock and they shall only be paid with respect to Vested Deferred Stock Units.

  • The Participant (or any subsequent transferee) shall have no rights as a Stockholder with respect to any Deferred Stock Units until shares are issued pursuant to Section 1.3. The Participant shall be entitled to Dividend Equivalents with respect to the Vested Deferred Stock Units, as described herein.

  • If the Participant’s Continuous Service is terminated for any reason, any Deferred Stock Units that are not Vested Deferred Stock Units, and that do not become Vested Deferred Stock Units pursuant to this Section 3, shall be forfeited immediately upon such termination of Continuous Service without any payment to the Participant.

  • Vested Deferred Stock Units will be paid following the earlier of: (1) your termination of service as a Director of the Company, or (2) the date you elect which must be at least two years after the end of the Plan Year in which this Grant Agreement is executed.

  • Vested Deferred Stock Units will be settled in shares of Stock at the time you terminate your service with the Company and its subsidiaries.

  • Vested Deferred Stock Units will be paid on the earlier of: (1) the date of your termination of service as a Director of the Company, or as soon as reasonably practicable thereafter but in no event later than the 15th day of the third month following such date, or (2) the date that you elected on the Payment Date Election Form previously filed with the Company.

  • If the Company declares a normal cash dividend on its shares of Common Stock and the record date of such dividend is on or after the Award Date and on or before the date shares of Common Stock are issued pursuant to Section 1.3 in respect of any Vested Deferred Stock Units, the Participant (or any subsequent transferee) shall receive a Dividend Equivalent credit equal to such normal cash dividend for each outstanding Deferred Stock Unit.