Deferred Stock Account

Deferred Stock Account. That bookkeeping record established for each Participant who elects a Deferred Stock Benefit. A Deferred Stock Account is established only for purposes of measuring a Deferred Stock Benefit and not to segregate assets or to identify assets that may or must be used to satisfy a Deferred Stock Benefit. A Deferred Stock Account will be credited with the Participant's Compensation deferred as a Deferred Stock Benefit according to a Deferral Election Form and according to section 7 of this Plan. A... Deferred Stock Account will be credited periodically with amounts determined under subsection 7(b) of this Plan. View More

Deferred Stock Account. A bookkeeping account reflecting the investment of a Participant's deferred Compensation in Company Stock Units and any adjustments thereto

Deferred Stock Account. An appropriate bookkeeping account or record maintained by the Company denominated in Deferred Stock Units for the sole purpose of measuring and determining the number of shares of Common Stock to be delivered to the Non-Employee Director in exchange for Deferred Stock Units. The Deferred Stock Account shall not constitute or be treated as an escrow or trust fund of any kind, but shall constitute an unfunded, unsecured liability of the Company to make payments in accordance with the provisions... of the Director Deferred Stock Program. The Non-Employee Director shall not be entitled to redeem, exchange or otherwise receive any amount from the Deferred Stock Account except as provided in the Director Deferred Stock Program View More

Deferred Stock Account. Means a bookkeeping account maintained by the Company for a Director representing the Director's interest in the shares credited to such Account pursuant to Section 7.