Dividend Equivalents. The Participant shall receive a cash payment from the Company for each DSU equal to the dividend per Share with respect to each cash dividend paid on a Share for which the record date is on or after the Date of Grant and on or before the date that the DSUs are settled in accordance with paragraph 3. Each cash payment shall be made to the Participant on the date that the related cash dividend is paid to the Company’s shareholders.

If the Corporation declares a cash dividend payable any time between the time a DSU is credited to the Participant’s Account and the date the DSU settles in shares of Common Stock, the Participant will be credited with an amount equal to any cash that would have been received as a dividend had his or her outstanding DSUs been shares of Common Stock as of the record date with respect to which such cash dividend is to paid. The Corporation will credit such amount to the Participant’s Account, converting it into additional DSUs based on the Fair Market Value of a share of Common Stock on the date of payment, rounding to the nearest whole DSU.