Vested Share Unit definition

Vested Share Unit means a Vested Performance Share Unit or a Vested Restricted Share Unit.
Sample 1Sample 2Sample 3
Vested Share Unit means any Share Unit which has vested in accordance with the terms of this Plan and/or the terms of any applicable Grant Agreement; and
Sample 1Sample 2Sample 3
Vested Share Unit means a right to receive a share of Company Stock awarded upon the terms set forth in Section 11.
Sample 1Sample 2Sample 3

Examples of Vested Share Unit in a sentence

  • A holder of Share Units shall not have any right to demand, to be paid in, or receive any specific allocation of Shares or a cash payment in respect of a Vested Share Unit at any time.

  • A Participant shall have no further rights respecting any Vested Share Unit which has been redeemed in accordance with the Plan.3.7 Reporting of Share Units Statements of the Share Unit Accounts will be made available to Participants at least annually.

  • Fractional Shares shall not be issued and where a Participant would be entitled to receive a fractional Share in respect of any Vested Share Unit, the Company will pay to such Participant, in lieu of such fractional Share, cash equal to the Fair Market Value on the Issue Date, as applicable, of the fractional Vested Share Unit, net of Applicable Withholding Taxes.

  • Each whole Vested Share Unit (each being a Share Unit in respect of which all vesting terms and conditions set forth in the RSU Plan and the applicable Grant Agreement have been either satisfied or waived in accordance with the RSU Plan) shall be denominated or payable in Shares (subject to adjustment in accordance with the RSU Plan) or cash, at the sole discretion of the Corporation.

  • If the Redemption Date for a Vested Share Unit occurs during or within nine (9) Business Days following the end of a Blackout Period, then, notwithstanding any other provision of the Share Compensation Plan, the Vested Share Unit shall instead be redeemed on, and “Redemption Date” shall mean the date which is ten (10) Business Days after the date on which the Blackout Period ends.

  • To the extent a Vested Share Unit is to be payable in Shares, one Share is to be issued for each whole Vested Share Unit.

  • A Participant shall not have any right to demand, to be paid in, or to receive Shares in respect of a Vested Share Unit, at any time.

  • Notwithstanding any election by the Corporation to settle any Vested Share Unit or a portion thereof, in Shares, the Corporation reserves the right to change its election in respect thereof at any time up until payment is actually made and the Participant shall not have the right, at any time to enforce settlement in the form of Shares of the Corporation.

  • Each Share Unit represents the right to receive one Share issued from treasury for each Vested Share Unit, at the time, in the manner, and subject to the terms set forth in the Plan and the applicable Share Grant Agreement.

  • To the extent a Vested Share Unit is to be payable in cash, the amount of cash shall be determined as of the close of business on the Vesting Date as the product of: (a) the number of Vested Share Units payable in cash, and (b) the Fair Market Value.


More Definitions of Vested Share Unit

Vested Share Unit means a Vested Performance Share Unit or a Vested Restricted Share Unit and their related Dividend Share Units.
Sample 1

Related to Vested Share Unit

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Time-share unit means a condominium unit in which a time-share estate or a time-share license exists.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Restricted Share means a Common Share awarded under the Plan.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;