Example ContractsClausesdividend equivalent rightsVariants
Remove:

Notwithstanding the cancellation of the A&B Holdings Award, any amounts that are at the time of cancellation credited to the Participant under that award pursuant to any dividend-equivalent rights provided under that award but that have not yet been distributed shall subsequently be distributed to the Participant in accordance with the distribution provisions (including the timing and method of distribution) applicable to such dividend equivalent rights, and nothing in the Substitute Award or Substitute Director Award shall affect the Participant’s right and entitlement to receive such credited amount in accordance with the terms and conditions of those distribution provisions. However, the Participant shall have no further dividend equivalent rights under the cancelled A&B Holdings Award with respect to any dividends or distributions paid on A&B Holdings common stock on or after the cancellation date, but shall have continuing dividend-equivalent rights under the Substitute Award or Substitute Director Award with respect to any dividends or distribution paid on the Corporation’s common stock; provided, however, that no such dividend-equivalent rights shall be provided with respect to any stock option grants made pursuant to this Addendum.

Notwithstanding the cancellation

The remaining terms and provisions of the A&B Holdings Award, any amounts that are at the time of cancellation credited to the Participant under that award pursuant to any dividend-equivalent rights provided under that award but that have not yet been distributed shall subsequently be distributed to the Participant in accordance with the distribution provisions (including the timing and method of distribution) applicable toeach such dividend equivalent rights, and nothing in the Substitute Award or Substitute Director Award shall affectbe the Participant’s right and entitlement to receive such credited amount in accordance withsame as the terms and conditions of those distribution provisions. However, the Participant shall have no further dividend equivalent rightsprovisions that are in effect under the cancelled A&B Holdings Award with respect to any dividends or distributions paid onwhich it pertains immediately prior to cancellation, including (without limitation) the same vesting schedule and applicable issuance dates, the same expiration date and other applicable termination provisions, the same applicable exercise procedures and the same dividend equivalent rights (if applicable), except that # all references in the cancelled A&B Holdings Award to A&B Holdings shall be replaced with references to the Corporation, # the shares of common stock on or after the cancellation date, but shall have continuing dividend-equivalent rightsissuable under the Substitute Award or Substitute Director Award with respect to any dividends or distribution paid onshall be shares of the Corporation’s common stock; provided, however, that no such dividend-equivalent rightsstock and # the foregoing adjustments to the number of shares and the exercise price (if any) shall be provided with respect to any stock option grants made pursuant to this Addendum.reflected in the new award agreement.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

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.