Section # Dividend Equivalents. The Committee may, at the Grant Date of Performance Shares, provide for the payment of dividend equivalents to the Participant either in cash or in additional Shares on a contingent basis, subject in all cases to deferral and payment on a contingent basis based on the Participants earning of the Performance Shares with respect to which such dividend equivalents are paid.
Section # Dividend Equivalents. The Committee may, aton the Grant Date of Grant of Performance Shares,Shares or Performance Units, provide for the payment of dividend equivalents to the Participantholder thereof either in cash or in additional Shares on a contingent basis,shares of Common Stock, which dividend equivalents will be subject in all cases to deferral and payment on a contingent basis based on the ParticipantParticipant’s earning and vesting of the Performance Shares or Performance Units, as applicable, with respect to which such dividend equivalents are paid.
Section # DividendDividends Equivalents. The Committee may, at the Grant Date of Performance Shares,Restricted Stock Units, provide for the payment of dividend equivalents to the Participant either in cash or in additional Shares on current, deferred or contingent basis; provided, however, that dividends or other distributions on Restricted Stock Units with restrictions that lapse as a contingent basis, subject in all cases to deferral and payment on a contingent basis based on the Participants earningresult of the achievement of Performance Shares with respect to which such dividend equivalents are paid.Targets will be deferred until and paid contingent upon the achievement of the applicable Performance Targets.
Section # Dividend Equivalents. The Committee may, atDividends and Other Distributions. At the Grant Date of Performance Shares, provide for the payment of dividend equivalents to the Participant either in cash or in additional Shares on a contingent basis, subject in all cases to deferral and payment on a contingent basis based on the Participants earningdiscretion of the Compensation Committee, Participants holding Performance Shares may be entitled to receive dividend equivalents with respect to which suchdividends declared with respect to the Shares. Such dividend equivalents are paid.may be in the form of cash, Shares, Restricted Stock, or Restricted Stock Units and may be subject to such accrual, forfeiture, or payout restrictions as determined by the Compensation Committee in its sole discretion and as evidenced in the Award Agreement. Notwithstanding the foregoing, with respect to Performance Awards granted after May 4, 2010, Participants holding Performance Shares may only be entitled to receive dividend equivalents with respect to the vested portions of Performance Awards.
Section # Dividend Equivalents. The Committee may,Equivalents on Performance Shares. Unless otherwise provided by the Committee, a cash payment ("Dividend Equivalent") in an amount equal to the dividend payable on one Share shall be made to a Participant for each Performance Share held by such Participant on the record date for the dividend. Such Dividend Equivalent, if any, will be payable at the Grant Date of Performance Shares, provide fortime the payment ofrelevant AT&T common stock dividend equivalents tois payable or at such other time as determined by the Participant either in cashCommittee, and may be modified or in additional Shares on a contingent basis, subject in all cases to deferral and payment on a contingent basis based onterminated by the Participants earning ofCommittee at any time. Notwithstanding the Performance Sharesforegoing, unless otherwise provided by the Committee, Dividend Equivalents paid with respect to whichPerformance Shares granted to an Officer Level Employee shall only be paid on the number of Performance Shares actually distributed and such dividend equivalentspayment shall be made when the related Performance Shares are paid.distributed.
Section # Dividend Equivalents. TheIn its discretion, the Committee may, atmay provide in the Grant Date ofAgreement evidencing any Performance-Based Restricted Stock Grant or Performance Shares, provide forShare Grant that the Grantee shall be entitled to receive Dividend Equivalents with respect to the payment of dividend equivalentscash dividends on Common Stock having a record date prior to the Participant eitherdate on which the Performance-Based Restricted Stock or Performance Shares are settled or forfeited. Dividend Equivalents, if granted must be accumulated and paid to the extent that the Performance-Based Restricted Stock or Performance Shares become nonforfeitable. Settlement of Dividend Equivalents may be made in cashcash, shares of Stock, or in additional Shares on a contingent basis, subject in all cases to deferralcombination thereof as determined by the Committee, and payment on a contingent basis basedmay be paid on the Participants earningsame basis as settlement of the related Performance Shares as provided in Section 10.7. Dividend Equivalents shall not be paid with respect to which such dividend equivalents are paid.Performance Units.
Section #Dividends and Dividend Equivalents. The CommitteeIn the sole and complete discretion of the Committee, an Award (other than an Option or a Stock Appreciation Right) may provide the Participant with dividends or Dividend Equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis. All dividends or Dividend Equivalents that are not paid currently may, at the Grant DateCommittee’s discretion, accrue interest, be reinvested into additional Shares, or, in the case of dividends or Dividend Equivalents credited in connection with Performance Shares, provide for the payment of dividend equivalentsAwards, be credited as additional Performance Awards, and such dividends and Dividend Equivalents shall be paid to the Participant either in cash or in additional Shares on a contingent basis, subject in all casesif and when, and to deferral andthe extent that, payment on a contingent basis based on the Participants earning of the Performance Shares with respectis made pursuant to which such dividend equivalents are paid.Award.
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.