DSU Award. Each DSU credited to a Deferred Stock Unit Account represents the Company’s commitment to issue such Participants a fixed number of shares of Common Stock upon a Distribution Event. No actual shares of Common Stock shall be issued until a Distribution Event described in [Section 10] occurs, with such shares to be issued by the Company under the Incentive Plan, or under this Plan, as appropriate. The Deferred Stock Units under any DSU Award shall not be considered issued and outstanding shares for purposes of shareholder voting rights or for purposes of receiving dividends and other distributions, if any (other than as provided in [Section 8(c)(3)] below.)
“DSU Award. Each DSUAward” means each award or grant of Deferred Stock Units granted to a Participant pursuant to the terms of the Incentive Plan, this Plan, and such other terms and conditions set forth by the Committee, and which is credited to a Participant’s Deferred Stock Unit Account representsAccount. Notwithstanding any Plan provision to the Company’s commitment to issue such Participantscontrary, a fixed numberDSU Award may only be granted in whole numbers of shares of Common Stock upon a Distribution Event. No actual shares of Common Stock shall be issued until a Distribution Event described in [Section 10] occurs, with such shares to be issued by the Company under the Incentive Plan, or under this Plan, as appropriate. The Deferred Stock Units under any DSU Award shall not be considered issued and outstanding shares for purposes of shareholder voting rights or for purposes of receiving dividends and other distributions, if any (other than as provided in [Section 8(c)(3)] below.)Units.
Deferred Stock Unit Account represents the Company’s commitmentAward. The Company hereby grants to issue such Participants a fixed numberHolder an aggregate of shares of Common Stock upon a Distribution Event. No actual shares of Common Stock shall be issued until a Distribution Event described in [Section 10] occurs, with such shares to be issued by the Company under the Incentive Plan, or under this Plan, as appropriate. The Deferred Stock Units under any DSU (“Award DSUs”) on the terms and conditions set forth in the Plan and supplemented in this Award, including, without limitation, the restrictions more specifically set forth in [Sections 2 and 5]5] below. Such Award DSUs shall not be considered issued and outstanding shares for purposes of shareholder voting rights or for purposes of receiving dividends and other distributions, if any (other thancredited to Holder’s account. The Award DSUs shall be adjusted from time to time as provided in [Section 8(c)(3)] below.)the Plan.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.