On each of the Ratable Vesting Dates, you will also receive an accumulated dividend equivalent cash payment on the vested portion of the Units Awarded (“Dividend Equivalent Payment”). The Dividend Equivalent Payment will be determined from the Award Date through the applicable Ratable Vesting Date for the vested portion of the Units Awarded.
Dividend Equivalents. On eachany date that a number of earned Units has been determined to have vested in accordance with the Ratable Vesting Dates, you will also receive an accumulatedterms of this Agreement, a total dividend equivalent cash payment on the vested portion of the Units Awarded (“Dividend Equivalent Payment”). The Dividend Equivalent Paymentamount will be determined fromby multiplying the Awardnumber of Units determined to have vested on such date by the per share amount of each cash dividend paid on the Company’s Stock with a record date and payment date occurring between the Grant Date throughand the applicable Ratable Vesting Date forvesting date, and adding those products together. The total dividend equivalent amount, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested portionUnits are settled as provided in Section 5 of the Units Awarded. this Agreement.
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