Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible Person to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.
Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to anany Eligible Person,Person entitling suchthe Eligible Person to receive cash, Stock,Shares, other Awards, or other property equal in value to the dividends paid with respect to a specified number of shares of Stock,Shares, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis orpayments, in connection with another Award (otherAward, other than an Award of RestrictedOption or Stock or a Stock Award).Appreciation Right Awards. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock,Shares, Awards, or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect toNotwithstanding the foregoing, Dividend Equivalents grantedcredited in connection with another Award, absent a contrary provision inan Award that vests based on the Award Agreement, such Dividend Equivalentsachievement of performance goals shall be subject to the same restrictions and risk of forfeiture to the same extent as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.have been credited.
Dividend Equivalents. The Committee is hereby authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible PersonPersons under which the Participant shall be entitled to receive payments (in cash, Stock,Shares, other Awards,securities, other Awards or other property equalas determined in valuethe discretion of the Committee) equivalent to the amount of cash dividends paid by the Company to holders of Shares with respect to a specified number of sharesShares determined by the Committee. Subject to the terms of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles,the Plan and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in theany applicable Award Agreement, such Dividend Equivalents shall be subject to the same restrictionsmay have such terms and risk of forfeitureconditions as the Award with respect to which the dividends accrue andCommittee shall not be paid unless and until such Award has vested and been earned.determine. Notwithstanding the foregoing, the Committee may not grant Dividend Equivalents shall only be paidto Eligible Persons in a manner that is either exempt fromconnection with grants of Options or in compliance with the Nonqualified Deferred Compensation Rules.Stock Appreciation Rights to such Eligible Persons.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible PersonParticipants Awards under which the holders thereof shall be entitled to receive cash, Stock, other Awards, or other property equal in valuepayments equivalent to dividends paidor interest with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). TheShares determined by the Committee, and the Committee may provide that Dividend Equivalents shall be paid or distributed when accrued orsuch amounts (if any) shall be deemed to have been reinvested in additional Stock, Awards,Shares or other investment vehicles, andotherwise reinvested. The Committee, in its sole discretion, may provide that such Award shall convey the right to receive dividends or Dividend Equivalents subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to any payments equivalent to dividends or interest declared during the period that such Award is outstanding, in which case, such dividends or Dividend Equivalent rights shall accumulate and shall be paid in cash or Shares on the settlement or vesting date of the Award, subject to the Participant’s earning of the Shares with respect to which such payments equivalent to dividends accrueor interest are paid upon achievement or satisfaction of applicable conditions specified by the Committee. Subject to the terms of the Plan, such dividends or Dividend Equivalents may have such terms and conditions as the Committee shall determine, but shall not be paid unlessawarded on unearned or unvested Awards. For the avoidance of doubt, dividends and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall onlymay not be paid in a manner that is either exempt fromuntil the vesting or in compliance with the Nonqualified Deferred Compensation Rules.settlement of an Award.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents toIn the sole and complete discretion of the Committee, an Eligible Person, entitling such Eligible Person to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted StockOption or a Stock Award). The CommitteeAppreciation 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 Committee’s discretion, accrue interest, be reinvested into additional Shares, or, in the case of dividends or Dividend Equivalents credited in connection with Performance Awards, be credited as additional Performance Awards, and such dividends and Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles,the Participant if and subjectwhen, and to the extent that, payment is made pursuant to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.Award.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible PersonAn Award may provide the Participant with the right to receive cash, Stock, other Awards,dividends or other property equal in value to dividends paiddividend equivalent payments with respect to a specified numberStock which may be either paid currently or credited to an account for the Participant, and may be settled in cash or Stock as determined by the Committee. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles, and subject to such conditions, restrictions on transferability and risks of forfeiture,contingencies as the Committee may specify. With respect to Dividend Equivalents grantedshall establish, including the reinvestment of such credited amounts in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.Stock equivalents.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible PersonAn Award may provide the Participant with the right to receive cash, Stock, other Awards,dividends or other property equal in value to dividends paiddividend equivalent payments with respect to a specified numberStock which may be either paid currently or credited to an account for the Participant, and may be settled in cash or Stock as determined by the Committee. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles, and subject to such conditions, restrictions on transferability and risks of forfeiture,contingencies as the Committee may specify. With respect to Dividend Equivalents grantedshall establish, including the reinvestment of such credited amounts in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.Stock equivalents.
Dividend Equivalents. The Committee is authorizedSubject to grant Dividend Equivalentsthe provisions of the Plan and any Award Agreement, the recipient of an Award (including any deferred Award) may, if so determined by the Committee, be entitled to an Eligible Person, entitling such Eligible Person to receivereceive, currently or on a deferred basis, cash, Stock, other Awards,stock or other property equaldividends, or cash payments in valueamounts equivalent to cash, stock or other property dividends paidon Shares (“Dividend Equivalents”) with respect to a specifiedthe number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis orShares covered by the Award, as determined by the Committee, in connection with another Award (other than an Award of Restricted Stock or a Stock Award).its sole discretion. The Committee may provide that such Dividend Equivalents (if any) shall be either # be paid with respect to such Award on the dividend payment date in cash or distributed when accruedin unrestricted Shares having a Fair Market Value equal to the amount of such dividends or shall# be deemed to have beendeferred and the amount or value thereof automatically reinvested in additional Stock, Awards,Shares, other Awards or other investment vehicles,otherwise reinvested and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in the Award Agreement,provide that such Dividend Equivalents shall beare subject to the same restrictions and risk of forfeiturevesting or performance conditions as the Awardunderlying Award; provided, however, that in no event shall any Dividend Equivalents be paid with respect to whichan Award subject to performance-based vesting conditions until (and only to the dividends accrue and shall not be paid unless and untilextent) such Award has vested andconditions have been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance with the Nonqualified Deferred Compensation Rules.satisfied.
Dividend Equivalents. TheExcept for Options and SARs, the Committee is authorized tomay grant Dividend Equivalents to an Eligible Person, entitlinga Participant based on the dividends declared on Shares that are subject to any Award granted to the Participant, with such Eligible Person to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded oncredited to the Participant as of the applicable dividend payment dates that occur during a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award). The Committee may provide thatperiod determined by the Committee. Dividend Equivalents shall be converted to and paid in cash or distributed when accruedadditional Shares or shall be deemed to have been reinvested in additional Stock, Awards, or other investment vehicles,Awards by such formula and at such time and subject to such restrictions on transferabilitylimitations as may be determined by the Committee. Notwithstanding the foregoing, dividends and risks of forfeiture, as the Committee may specify. WithDividend Equivalents with respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in theany Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiturevesting and, if applicable, performance conditions as the underlying Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstandingto a Participant at the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt from or in compliance withsame time as the Nonqualified Deferred Compensation Rules.underlying Award.
Section # Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to an Eligible Person, entitling such Eligible Person to receive cash, Stock, other Awards, or other property equal in value to dividends paid with respect to a specified number of shares of Stock, or other periodic payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award (other than an Award of Restricted Stock or a Stock Award).Directors. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Stock, Awards,Shares or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. With respect to Dividend Equivalents granted in connection with another Award, absent a contrary provision in the Award Agreement, such Dividend Equivalents shall be subject to the same restrictions and risk of forfeiture as the Award with respect to which the dividends accrue and shall not be paid unless and until such Award has vested and been earned. Notwithstanding the foregoing, Dividend Equivalents shall only be paid in a manner that is either exempt fromawards, or in compliance with the Nonqualified Deferred Compensation Rules.otherwise reinvested.
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