Vested Share Unit definition

Vested Share Unit means a Vested Performance Share Unit or a Vested Restricted Share Unit.
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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
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Vested Share Unit means a right to receive a share of Company Stock awarded upon the terms set forth in Section 11.
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Examples of Vested Share Unit in a sentence

  • 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 this 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.

  • A Participant shall have no further rights respecting any Vested Share Unit which has been redeemed in accordance with the Plan.

  • Each Restricted Share Unit represents the right to receive one Share to be issued and delivered pursuant to the terms hereof, subject to the Restricted Share Unit becoming an Earned Share Unit (as defined herein), subject to that Earned Share Unit becoming a Vested Share Unit (as defined herein), and subject to the other terms described herein.

  • Each Restricted Share Unit represents the right to receive one Share to be issued and delivered upon becoming Vested Share Units, subject to the Restricted Share Unit becoming Vested Share Unit (as defined herein), and subject to the other terms described herein.

  • 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.

  • 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.

  • Subject to Section 2.3(d), each full and fractional Vested Share Unit (including full and fractional Dividend Share Units) shall be redeemed on the Redemption Date.

  • Each Restricted Stock Unit will give the Participant the right to receive, with respect to each such Restricted Stock Unit which has become a Vested Share Unit pursuant to the provisions of the Plan and in accordance with and subject to the terms of the Grant Agreement relating to such Restricted Stock Unit, one Share or, in the discretion of the Corporation, a cash payment equal to the Fair Market Value of such Share.

  • Amended and Restated 2013 Incentive Compensation Plan, with terms as set forth in this Notice of Grant and the Vested Share Unit Agreement to which this Notice of Grant is attached.

  • Each Share Unit will give an Eligible Employee the right to receive one Share, or where specified in the applicable Grant Agreement, a cash payment in an amount equal to the Fair Market Value, provided such Share Unit becomes a Vested Share Unit in accordance with the terms of the Plan and the applicable Grant Agreement.


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.
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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 either an RSU or a PSU, as the context requires.

  • 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;

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • 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.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Share Award means an award of Restricted Shares.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • 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 Share, as awarded under the Plan.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of 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 Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

  • 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.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • 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).