Equity Participation Account

Equity Participation Account. A bookkeeping account maintained by the Company for a Participant to which Quarterly Accruals and Dividend Equivalents are credited in respect of Outside Directors through the Conversion Date (and, with respect to each Outside Director serving as a Director on February 2, 1996, a Special Accrual will be credited) and Interest Equivalents are credited subsequent to the Conversion Date, which Account shall be denominated in Units until the Conversion Date and, thereafter, shall be denominated in... dollars. View More

Equity Participation Account. Means a bookkeeping account maintained by the Company for a Participant to which Quarterly Accruals, Special Accruals and Dividend Equivalents are credited in respect of Outside Directors through the Conversion Date and Interest Equivalents are credited on dollar-denominated amounts subsequent to the Conversion Date, which Account shall be denominated in Units until the Conversion Date and, thereafter, for Units granted prior to January 1, 2009 shall be denominated in dollars and for Units... granted after December 31, 2008 (for service on or after October 1, 2008) shall be denominated in shares of Common Stock, except that any remaining fractional Unit shall be cancelled. View More