Example ContractsClausesdividend equivalentsVariants
Remove:

Dividend Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then the Company shall credit, as of each dividend payment date, a dollar amount of dividend equivalents to your account. The dollar amount of the dividend equivalents credited shall be determined by multiplying the number of Units credited to your account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest, and the amount of the accrued dividend equivalents shall be paid in cash, to the same extent and at the same time as the underlying Units to which the dividend equivalents relate vest and are settled, as provided in Sections 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.

Dividend Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then the Company shall credit, as of each dividend payment date, a dollar amount of dividend equivalents to your account. The dollar amount of the dividend equivalents credited shall be determined by multiplying the number of Units credited to your account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest, and the amount of the accrued dividend equivalents shall be paid in cash, to the same extent and at the same time as the underlying Units to which the dividend equivalents relate vest and are settled, as provided in Sections 54 and 76 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.

Dividend Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on the Company shall credit, as of each dividend payment date, a dollar amount of dividend equivalentsdate any Units vests pursuant to Section 5 above, the Total Dividend Equivalent Amount will be credited to your account.performance stock unit account in cash. The dollar amount of the dividend equivalents credited shallTotal Dividend Equivalent Amount” will be determined by multiplying the number of underlying Units crediteddetermined to your account pursuant to this Agreementhave vested as of the Vesting Date by the per share amount of each cash dividend paid on the Company’s common stock with a record date timesand payment date occurring between the dollar amount of the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest,Grant Date and the amount of the accrued dividend equivalents shallVesting Date, and adding those products together. The Total Dividend Equivalent Amount so credited will be paid in cash,fully vested and subject to the same extent andsettlement at the same time as the underlying Units to which the dividend equivalents relate vest and are settled, as provided in Sections 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents.Section 6 above. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.

Dividend Equivalents. IfOn any date that a number of earned Units has been determined to have vested in accordance with the Company pays cash dividends on its Shares while any Units subject toterms of this Agreement are outstanding, then the Company shall credit, as of eachAgreement, a total dividend payment date, a dollarequivalent amount of dividend equivalents to your account. The dollar amount of the dividend equivalents credited shallwill be determined by multiplying the number of Units crediteddetermined to your account pursuant to this Agreement ashave vested on such date by the per share amount of each cash dividend paid on the dividendCompany’s Stock with a record date timesand payment date occurring between the dollar amount of the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest,Grant Date and the applicable vesting date, and adding those products together. The total dividend equivalent amount, net of any amount of the accrued dividend equivalents shall be paid in cash,required to the same extent and at the same time as the underlying Units to which the dividend equivalents relate vest and are settled,satisfy withholding tax obligations as provided in SectionsSection 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.

Dividend Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on the Company shall credit, as of each dividend payment date, a dollar amount of dividend equivalentsdate this Award vests pursuant to Section 5 above, the Total Dividend Equivalent Amount will be credited to your account.performance stock unit account in cash. The dollar amount of the dividend equivalents credited shallTotal Dividend Equivalent Amount” will be determined by multiplying the number of Units credited to your account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest, and the amount of the accrued dividend equivalents shall be paid in cash, to the same extent and at the same time as the underlying Units to which the dividend equivalents relate vest and are settled, as provided in Sections 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.determined

Dividend Equivalents. IfEquivalent Rights Distributions. As of any date that the Company pays a special or ordinary cash dividendsdividend on its Shares while anyStock, the Company shall credit the Participant with a dollar amount equal to # the per share cash dividend paid by the Company on its Stock on such date, multiplied by # the total number of Units subject to the award that are outstanding immediately prior to the record date for that dividend (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Agreement are outstanding, thenSection 3.2 shall be subject to the Company shall credit,same vesting, payment and other terms, conditions and restrictions as of each dividend payment date, a dollarthe original Units to which they relate; the amount of dividend equivalents to your account. The dollar amount of the dividend equivalents creditedany vested Dividend Equivalent Rights shall be determined by multiplying the numberpaid only in cash. No crediting of Units credited to your accountDividend Equivalent Rights shall be made pursuant to this Agreement as ofSection 3.2 with respect to any Units which, immediately prior to the dividend record date timesfor that dividend, have either been paid pursuant to Section 5 or forfeited pursuant to Section 4 or otherwise terminated. Dividend Equivalent Rights shall only be credited to Participant in the dollar amount ofevent the cash dividend per Share. Your right to receive such accrued dividend equivalents shall vest, and the amount of the accrued dividend equivalents shall be paid in cash, to the same extent and at the same timePerformance Goals as the underlying Units to which the dividend equivalents relate vest andset forth on [Exhibit 2] are settled, as provided in Sections 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.met.

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.