Grant of Stock Unit Awards. A Stock Unit Award may be granted to any Eligible Employee selected by the Committee. The value of each stock unit under a Stock Unit Award is equal to the Fair Market Value of a Share on the applicable date or time period of determination, as specified by the Committee. A Stock Unit Award shall be subject to such restrictions and conditions as the Committee shall determine. A Stock Unit Award may be granted together with a dividend equivalent right with respect to the Shares subject to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in its discretion.
Grant of Stock Unit Awards. AUnits. The Company hereby grants to the Employee an Award of Stock Units on the terms and conditions set forth herein and in the Plan. Each Stock Unit Award may be grantedrepresents the right of the Employee to any Eligible Employee selected by the Committee. The value of each stock unit under a Stock Unit Award isreceive an amount equal to the Fair Market Value of a Share on the applicable date or time period of determination, as specified by the Committee. A Stock Unit Award shall be subject to such restrictions and conditions as the Committee shall determine. A Stock Unit Award may be granted together with a dividend equivalent rightthat payment is made with respect to the Shares subject to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in its discretion.Stock Unit.
Grant of Stock Unit Awards. A Stock Unit Award may be granted to any Eligible Employee selected by the Committee. The valueA Stock Award may be granted for past services, in lieu of each stock unit under a Stock Unit Award is equal to the Fair Market Value of a Share on the applicable datebonus or time period of determination,other cash compensation or for any other valid purpose as specifieddetermined by the Committee. A Stock Unit Award shall be subjectgranted to suchan Eligible Employee represents Shares that are issued without restrictions on transfer and conditionsother incidents of ownership and free of forfeiture conditions, except as otherwise provided in the Plan and the Award Agreement. The Committee shall determine. Amay, in connection with any Stock Unit Award may be granted together withAward, require the payment of a dividend equivalent right with respect to the Shares subject to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in its discretion.specified purchase price.
GrantVesting of Stock Unit Awards. On the Date of Grant, the Committee shall in its discretion determine any vesting requirements with respect to a Stock Unit Award, which shall be set forth in the Award Agreement, provided that the Committee may accelerate the vesting of a Stock Unit Award at any time. Vesting requirements may be based on the continued employment of the Participant with the Company or its Subsidiaries for a specified time period (or periods) or on the attainment of specified performance goals established by the Committee in its discretion. A Stock Unit Award may also be granted to any Eligible Employee selected by the Committee. The value of each stock unit underon a Stock Unit Award is equal to the Fair Market Value of a Share on the applicable date or time period of determination, as specified by the Committee. A Stock Unit Award shall be subject to such restrictions and conditions as the Committee shall determine. A Stock Unit Award may be granted togetherfully vested basis, with a dividend equivalent right with respect to the Shares subject to the Award, which may be accumulated and may be deemed reinvested in additional stock units, as determined by the Committee in its discretion.deferred payment date.
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