Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to any Eligible Person entitling the Eligible Person to receive cash, Shares, other Awards, or other property equal in value to the dividends paid with respect to a specified number of Shares, or other periodic payments, in connection with another Award, other than Option or Stock 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 Shares, Awards, or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents credited in connection with an Award that vests based on the achievement of performance goals shall be subject to restrictions and risk of forfeiture to the same extent as the Award with respect to which such Dividend Equivalents have been credited.
Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to anyan Eligible PersonPerson, entitling thesuch Eligible Person to receive cash, Shares,Stock, other Awards, or other property equal in value to the dividends paid with respect to a specified number of Shares,shares of Stock, or other periodic payments,payments. Dividend Equivalents may be awarded on a free-standing basis or in connection with another Award, otherAward (other than Optionan Award of Restricted Stock or a Stock Appreciation Right Awards.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 Shares,Stock, Awards, or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing,With respect to Dividend Equivalents creditedgranted in connection with ananother Award, absent a contrary provision in the Award that vests based on the achievement of performance goalsAgreement, such Dividend Equivalents 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 have been credited.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 hereby authorized to grant Dividend Equivalents to any Eligible Person entitlingPersons under which the Eligible PersonParticipant shall be entitled to receive payments (in cash, 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 Shares, or other periodic payments,Shares determined by the Committee. Subject to the terms of the Plan and any applicable Award Agreement, such Dividend Equivalents may have such terms and conditions as the Committee shall determine. Notwithstanding the foregoing, the Committee may not grant Dividend Equivalents to Eligible Persons in connection with another Award, other than Optiongrants of Options or Stock 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 Shares, Awards, or other investment vehicles, and subjectRights to such restrictions on transferability and risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents credited in connection with an Award that vests based on the achievement of performance goals shall be subject to restrictions and risk of forfeiture to the same extent as the Award with respect to which such Dividend Equivalents have been credited.Eligible Persons.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to any Eligible Person entitlingParticipants Awards under which the Eligible Personholders thereof shall be entitled to receive cash, Shares, other Awards,payments equivalent to dividends or other property equal in value to the dividends paidinterest with respect to a specified number of Shares, or other periodic payments, in connection with another Award, other than Option or Stock Appreciation Right Awards. 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 Shares, 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 transferabilityAward 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 risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents creditedshall be paid in connection with an Award that vests basedcash or Shares on the achievementsettlement or vesting date of performance goals shall bethe Award, subject to restrictions and riskthe Participant’s earning of forfeiture to the same extent as the AwardShares with respect to which such payments equivalent to dividends or 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 been credited.such terms and conditions as the Committee shall determine, but shall not be awarded on unearned or unvested Awards. For the avoidance of doubt, dividends and Dividend Equivalents may not be paid until the vesting or settlement of an Award.
Dividends and Dividend Equivalents. The Committee is authorized to grantIn the sole and complete discretion of the Committee, an Award (other than an Option or a Stock Appreciation Right) may provide the Participant with dividends or Dividend Equivalents to any Eligible Person entitling the Eligible Person to receiveEquivalents, payable in cash, Shares, other Awards,securities or other property equal in value to theon a current or deferred basis. All dividends paid with respect to a specified number of Shares, or other periodic payments, in connection with another Award, other than Option or Stock Appreciation Right Awards. The Committee may provide that Dividend Equivalents shallthat are not paid currently may, at the Committee’s discretion, accrue interest, be paid or distributed when accrued or shall be deemed to have been reinvested ininto additional Shares, Awards,or, in the case of dividends or other investment vehicles, and subject to such restrictions on transferability and risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents credited in connection with an Award that vests based on the achievement of performance goalsPerformance Awards, be credited as additional Performance Awards, and such dividends and Dividend Equivalents shall be subject to restrictions and risk of forfeiturepaid to the sameParticipant if and when, and to the extent as the Award with respectthat, payment is made pursuant to which such Dividend Equivalents have been credited.Award.
Dividend Equivalents. TheExcept for Options and SARs, the Committee is authorized tomay grant Dividend Equivalents to a Participant based on the dividends declared on Shares that are subject to any Eligible Person entitling the Eligible Person to receive cash, Shares, other Awards, or other property equal in valueAward granted to the dividends paidParticipant, with respectsuch Dividend Equivalents credited to the Participant as of the applicable dividend payment dates that occur during a specified number of Shares, or other periodic payments, in connection with another Award, other than Option or Stock Appreciation Right Awards. 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 Shares, Awards, or other investment vehicles,Awards by such formula and at such time and subject to such restrictions on transferability and risks of forfeiture,limitations as may be determined by the Committee may specify.Committee. Notwithstanding the foregoing, dividends and Dividend Equivalents credited in connection with anrespect to any Award that vests based on the achievement of performance goals shall be subject to restrictions and risk of forfeiture to the same extentvesting and, if applicable, performance conditions as the underlying Award with respectand shall be paid to which such Dividend Equivalents have been credited.a Participant at the same time as the underlying Award.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to any Eligible Person entitling the Eligible Person to receive cash, Shares, other Awards, or other property equal in value to the dividends paid with respect to a specified numberterms of Shares, or other periodic payments, in connection with another Award, other than Option or Stock Appreciation Right Awards. The Committeean Award may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares, Awards, or other investment vehicles, anda Participant with the right, subject to such restrictions on transferabilityterms and risks of forfeiture,conditions as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents credited in connection with an Award that vests based on the achievement of performance goals shall be subjectspecify, to restrictions and risk of forfeiture to the same extent as the Awardreceive dividend payments or dividend equivalent payments with respect to Shares covered by the Award, which such Dividend Equivalents have been credited.payments may be either made currently or credited to an account established for the Participant, and may be settled in cash or Shares, as determined by the Committee.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to any Eligible Person entitlingAn Award may provide the Eligible PersonParticipant with the right to receive cash, Shares, other Awards,dividends or other property equal in value to the dividends paiddividend equivalent payments with respect to a specified number of Shares,Stock which may be either paid currently or other periodic payments,credited to an account for the Participant, and may be settled in connection with another Award, other than Optioncash or Stock Appreciation Right Awards. The Committeeas determined by the Committee. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in shares of Stock, may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares, Awards, or other investment vehicles, and subject to such conditions, restrictions on transferability and risks of forfeiture,contingencies as the Committee may specify. Notwithstandingshall establish, including the foregoing, Dividend Equivalentsreinvestment of such credited amounts in connection with an Award that vests based on the achievement of performance goals shall be subject to restrictions and risk of forfeiture to the same extent as the Award with respect to which such Dividend Equivalents have been credited.Stock equivalents.
Dividends and Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to any Eligible Person entitlingAn Award may provide the Eligible PersonParticipant with the right to receive cash, Shares, other Awards,dividends or other property equal in value to the dividends paiddividend equivalent payments with respect to a specified number of Shares,Stock which may be either paid currently or other periodic payments,credited to an account for the Participant, and may be settled in connection with another Award, other than Optioncash or Stock Appreciation Right Awards. The Committeeas determined by the Committee. Any such settlements, and any such crediting of dividends or dividend equivalents or reinvestment in shares of Stock, may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares, Awards, or other investment vehicles, and subject to such conditions, restrictions on transferability and risks of forfeiture,contingencies as the Committee may specify. Notwithstandingshall establish, including the foregoing, Dividend Equivalentsreinvestment of such credited amounts in connection with an Award that vests based on the achievement of performance goals shall be subject to restrictions and risk of forfeiture to the same extent as the Award with respect to which such Dividend Equivalents have been credited.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 any Eligible Person entitling the Eligible Person to receivereceive, currently or on a deferred basis, cash, Shares, other Awards,stock or other property equaldividends, or cash payments in valueamounts equivalent to thecash, stock or other property dividends paidon Shares (“Dividend Equivalents”) with respect to a specifiedthe number of Shares, or other periodic payments,Shares covered by the Award, as determined by the Committee, in connection with another Award, other than Option or Stock Appreciation Right Awards.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 Shares, Awards,other Awards or other investment vehicles,otherwise reinvested and subject tomay provide that such restrictions on transferability and risks of forfeiture, as the Committee may specify. Notwithstanding the foregoing, Dividend Equivalents credited in connection with an Award that vests based on the achievement of performance goals shall beare subject to restrictions and risk of forfeiture to the same extentvesting 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 extent) such Dividend Equivalentsconditions have been credited.satisfied.
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