Dividend Equivalents. Dividend Equivalents will be earned with respect to any Shares issued pursuant to the Award. The amount of Dividend Equivalents earned shall be equal to the total dividends declared on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.
Dividend Equivalents. The Company will establish an amount for each RSU equal to the per Share quarterly dividend payments made to Shareholders during the period beginning on the Grant Date and ending on the date that such RSU vests or is cancelled (“Dividend Equivalents”). The Company shall accumulate Dividend Equivalents and, upon vesting of the related RSU, will be earnedpay the Grantee a single lump sum cash amount equal to the Dividend Equivalents on the same date that a share is delivered with respect to any Shares issued pursuant to the Award. The amountsuch RSU, as described in Section 4 of this Grant Agreement. Any accumulated and unpaid Dividend Equivalents earned shallattributable to a RSU that is cancelled are immediately forfeited upon cancellation and will not be equal to the total dividends declared on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.paid.
Dividend Equivalents. The Company will establish an amount for each RSU equal to the per share quarterly dividend payments made to the Company’s shareholders during the period beginning on the Grant Date and ending on the date that such RSU vests or is cancelled (“Dividend Equivalents”). The Company shall accumulate Dividend Equivalents and, upon vesting of the related RSU, will be earnedpay the Grantee a single lump sum cash amount equal to the Dividend Equivalents on the same date that a share of Common Stock is delivered with respect to any Shares issued pursuant to the Award. The amountsuch RSU, as described in Section 4 of this Grant Agreement. Any accumulated and unpaid Dividend Equivalents earned shallattributable to a RSU that is cancelled are immediately forfeited upon cancellation and will not be equal to the total dividends declared on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.paid.
Dividend Equivalents. Until such time as the RSUs vest in full, the Grantee shall be credited with an amount equal to all cash and stock dividends (whether ordinary or extraordinary) (“Dividend Equivalents will be earned with respect to any Shares issued pursuantEquivalents”) that would have been paid to the Award. The amountGrantee if one share of Dividend Equivalents earned shall be equal to the total dividends declaredStock had been issued on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuantfor each RSU granted to the Grantee as set forth in this Agreement and that remains outstanding. In its discretion, the Company may reinvest any cash Dividend Equivalents into additional shares of Stock. Dividend Equivalents shall be subject to the same vesting ofrestrictions, forfeiture and other conditions as the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days afterattributable and shall be paid, if at all, on the Sharessame date that the RSUs to which they are issued. Noattributable are settled in accordance with Section 2 hereof. Dividend Equivalents willthat are held for the benefit of the Grantee shall be issued for unvesteddistributed in cash or forfeited RSUs.in the discretion of the Company, in shares of Stock based on the closing price of a share of Stock on the Vesting Date.
Dividend Equivalents. During the Vesting Period, Dividend Equivalents will be earned with respect to any Shares issued pursuant tocredited on the Award. The amountRSUs in the form of Dividend Equivalents earned shall be equal toadditional RSUs. At the total dividends declared on a Share for stockholders of record between the Grant Date of this Award and the vesting dateend of the RSUs, multiplied by the number of Shares issued pursuant to the vesting ofVesting Period, the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. Noplus RSUs representing any accrued Dividend Equivalents will be issued for unvested or forfeited RSUs.paid to you in the form of Shares. Any fractional Shares accrued from Dividend Equivalents, if applicable, will be paid in cash.
Dividend Equivalents. Pursuant to and subject to the terms and conditions set forth herein, and in the Plan, the Company hereby awards to the Grantee a right to receive in respect of each RSU held by the Grantee on a dividend record date occurring after the Grant Date and prior to the Vest Date, the equivalent value of any ordinary cash dividends that are paid on a share of Common Stock (“Dividend Equivalent”). Dividend Equivalents will be earned with respect to any Sharesreinvested in the form of additional RSUs determined by dividing the value of the Dividend Equivalent by the Fair Market Value of a share of Common Stock on the Company’s dividend payment date. Dividend Equivalents will also accrue on the additional RSUs issued pursuantfrom Dividend Equivalents (and be reinvested into additional Dividend Equivalents). Dividend Equivalents are subject to the Award. The amount of Dividend Equivalents earned shall be equal tosame conditions as the total dividends declared on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued orattributable, including but not limited to vesting, transferability, forfeiture, time and form of settlement as soon thereafter as practicable, but no later than 60 days afterfurther described in this Agreement and the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.Plan.
Dividend Equivalents. Dividend Equivalents will be earnedIf, after the Grant Date set forth in the Grant Notice and prior to the distribution or payment in settlement of the RSUs, dividends with respect to anythe Shares issued pursuantare declared or paid by the Company, Participant shall be entitled to the Award. The amount ofreceive Dividend Equivalents earned shall bein an amount, without interest, equal to the totalcumulative dividends declared or paid on a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs,Share, if any, during such period multiplied by the number of Shares issued pursuantRSUs to the vesting of theextent such RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. Novest. Dividend Equivalents will be issuedsubject to the same terms and conditions of the Grant Notice and the Agreement applicable the RSUs. The Dividend Equivalents will be paid on the applicable date of distribution or payment in settlement of the underlying RSUs in cash or Shares, as determined by the Administrator in its discretion. If the underlying RSUs are forfeited or cancelled prior to the applicable date of distribution or payment in settlement of the underlying RSUs for unvestedany reason, any accrued and unpaid Dividend Equivalents related to forfeited or cancelled RSUs shall be forfeited RSUs.and cancelled.
Dividend Equivalents. Dividend Equivalents willNotwithstanding Section 6 hereof, for record dates that occur before a Share is issued in accordance with Section 6 hereof, Participant shall be earnedentitled to receive, with respect to any Shareseach Share that is so issued, dividend equivalent amounts if dividends are declared by the Board of Directors on Common Stock. The dividend equivalent amounts shall be an amount of cash per share that is issued pursuant to the Award. The amount of Dividend Equivalents earned shall bethis Award Agreement equal to the total dividends declaredper share paid to common stockholders of the Company on a share of Common Stock during the Performance Period. The dividend equivalent amounts shall be accrued (without interest and earnings) rather than paid when a dividend is paid on a share of Common Stock. If a RSU is forfeited, the dividend equivalents on the RSU are forfeited. The Company shall pay the dividend equivalents on a RSU when the Company issues a Share for stockholders of record between the Grant Date of this Award and the vesting date of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. Any Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.RSU.
Dividend Equivalents. Notwithstanding Section 6 hereof, for record dates that occur before the Company issues a Participant any Shares for a vested RSU (or, if the RSUs are deferred as described in Section 6, before the date on which a Share would have been issued in accordance with Section 6 hereof but for such deferral), the Participant shall be entitled to receive dividend equivalent amounts (“Dividend Equivalents”) if dividends are declared by the Board of Directors on the Company’s Common Stock. The Dividend Equivalents willshall be earned with respect to any Shares issued pursuant to the Award. Thean amount of Dividend Equivalents earned shall becash per RSU equal to the total dividends declaredper share paid to common stockholders of the Company. The Dividend Equivalents shall be accrued (without interest and earnings) rather than paid when a dividend is paid on a Share for stockholders of record between the Grant Date of this Award and the vesting dateshare of the RSUs, multiplied by the number of Shares issued pursuant to the vesting of the RSUs awarded in the Award Agreement. AnyCompany’s Common Stock. The Dividend Equivalents earned shall be paid in cash when the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.
Dividend Equivalents. Dividend EquivalentsPromptly after each date on which the RSUs vest, the Company will be earned with respectpay to the Eligible Director an amount in cash (subject to any Shares issued pursuant to the Award. The amount of Dividend Equivalents earned shall beapplicable taxes or charges) equal to the total dividends declared on a Share for stockholderssum of the regular quarterly per share cash dividends, if any, paid by the Company to holders of record betweenon or after the Grant Date of this Award and the vesting date of the RSUs,(the “Dividend Equivalent”) multiplied by the number of Shares issued pursuantRSUs then vesting in Shares. If, prior to the final vesting date of an Award hereunder (the “Final Vesting Date”), there is a record date for the Company’s regularly quarterly cash dividend that will be payable after the Final Vesting Date, then as soon as practicable after the later of the date the RSUs awardedare settled in Shares or the Award Agreement. Anydate the declared dividend is paid to shareholders generally, the Company shall pay the Eligible Director the Dividend Equivalents earnedEquivalent on the RSUs that were held by such Eligible Director on such record date, calculated as provided above. Except for the payment of Dividend Equivalents, an Eligible Director shall be paid in cash whenhave no right to receive any payment on account of any dividend or other distribution on the Shares to which they relate are issued or as soon thereafter as practicable, but no later than 60 days after the Shares are issued. No Dividend Equivalents will be issued for unvested or forfeited RSUs.underlying Shares.
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