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Stock Units. Dividend Equivalents shall be credited with respect to each Stock Unit credited to a Director on each dividend record date. Such Dividend Equivalents shall themselves be converted into Stock Units as of the dividend payment by dividing the amount of the Dividend Equivalents by the Value of the Company’s common stock as of the dividend payment date. Dividend Equivalents shall be credited on Stock Units attributable to a deferral of Director’s Fees and, except as otherwise provided by the terms of a Deferred Equity-Based Award, Stock Units attributable to Deferred Equity-Based Awards.

Stock Units.Dividends and Dividend Equivalents shall be credited with respectEquivalency. The Company will, on any date on which a cash or stock dividend is paid on its outstanding Shares, credit to each Stock Unit credited to a Director on each dividend record date. Such Dividend Equivalents shall themselves be converted intoEligible Director’s account that number of additional Deferred Stock Units as of the dividend payment(including fractional Deferred Stock Units, computed to three digits) calculated by dividing# multiplying the amount of the Dividend Equivalentsdividend per Share by the Valuenumber of Deferred Stock Units in the Company’s common stockaccount as of the record date for payment of the dividend, and # dividing the amount obtained by the Fair Market Value on the date on which the dividend payment date.is paid. (See [Section 13] of the Plan, Dividend Equivalents shall be credited onEquivalent Right). Holders of Deferred Stock Units attributablewhich have not yet vested are not entitled to a deferralreceive dividends, however, dividends may be accrued and paid upon the vesting of Director’s Fees and, except as otherwise provided by the terms of asuch Deferred Equity-Based Award, Stock Units attributable to Deferred Equity-Based Awards.Units.

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