PSU Account. The number of PSUs granted pursuant to this Award shall be credited to the Employee’s PSU Account. Each PSU Account shall be maintained on the books of the Company until full payment of the balance thereof has been made to the Employee (or the Employee’s beneficiaries if the Employee is deceased) in accordance with Section 1 above. No funds shall be set aside or earmarked for any PSU Account, which shall be purely a bookkeeping device and all amounts credited to the PSU Account shall continue for all purposes to be part of the general assets of the Company.
Appears in 3 contracts
Sources: Performance Based Restricted Stock Units Award and Non Solicitation and Confidentiality Agreement (TCF Financial Corp), Performance Based Restricted Stock Units Award and Non Solicitation / Confidentiality Agreement (TCF Financial Corp), Performance Based Restricted Stock Units Award and Non Solicitation / Confidentiality Agreement (TCF Financial Corp)