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PCG » Topics » “Elected Stock Unit Value”

This excerpt taken from the PCG 10-K filed Feb 24, 2009.
“Elected Stock Unit Value”).  The number of shares subject to the Restricted Stock Unit Award shall be determined by dividing the Elected Stock Unit Value by the Fair Market Value of the Stock as of the Grant Date (including fractions computed to three decimal places), except that for awards in 2009, the number of shares subject to the Restricted Stock Unit Awards shall be determined by dividing the Elected Stock Unit value by the average Fair Market Value of the Stock for the first five trading days of March 2009 (including fractions computed to three decimal places).  The Restricted Stock Units awarded to a Nonemployee Director shall be credited to the director’s Restricted Stock Unit account.  Each Restricted Stock Unit awarded to a Nonemployee Director in accordance with this Section 7.4(a) shall be deemed to be equal to one (1) (or fraction thereof) share of Stock on the Grant Date, and shall thereafter fluctuate in value in accordance with the Fair Market Value of the Stock.  No person shall receive more than one grant of Restricted Stock Units pursuant to this Section 7.4(a) during any calendar year.
 
(b)           
These excerpts taken from the PCG 10-K filed Feb 22, 2008.
“Elected Stock Unit Value”).  The number of shares subject to the Restricted Stock Unit Award shall be determined by dividing the Elected Stock Unit Value by the Fair Market Value of the Stock as of the Grant Date (including fractions computed to three decimal places).  The Restricted Stock Units awarded to a Nonemployee Director shall be credited to the director’s Restricted Stock Unit account.  Each Restricted Stock Unit awarded to a Nonemployee Director in accordance with this Section 7.4(a) shall be deemed to be equal to one (1) (or fraction thereof) share of Stock on the Grant Date, and shall thereafter fluctuate in value
 

  
 
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in accordance with the Fair Market Value of the Stock.  No person shall receive more than one grant of Restricted Stock Units pursuant to this Section 7.4(a) during any calendar year.
 
(b)  
“Elected Stock
Unit Value”).  The number of shares subject to the Restricted
Stock Unit Award shall be determined by dividing the Elected Stock Unit Value by
the Fair Market Value of the Stock as of the Grant Date (including fractions
computed to three decimal places).  The Restricted Stock Units awarded
to a Nonemployee Director shall be credited to the director’s Restricted Stock
Unit account.  Each Restricted Stock Unit awarded to a Nonemployee
Director in accordance with this Section 7.4(a) shall be deemed to be equal
to one (1) (or fraction thereof) share of Stock on the Grant Date, and shall
thereafter fluctuate in value

 





  


 



16






 




in
accordance with the Fair Market Value of the Stock.  No person shall
receive more than one grant of Restricted Stock Units pursuant to this
Section 7.4(a) during any calendar year.

 

(b)  

EXCERPTS ON THIS PAGE:

10-K
Feb 24, 2009
10-K (2 sections)
Feb 22, 2008

RELATED TOPICS for PCG:

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