Dividend Equivalents. Participant’s Unit Account referred to in Section 2 shall be credited with additional Units equivalent to the value of any dividends declared and paid on Common Stock (“Dividend Equivalents”) determined as if the Units credited to the Participant’s Unit Account were an equivalent number of shares of Common Stock, with the number of additional Units to be credited determined by the number of whole shares, and a fraction thereof, of Common Stock having a value on the date such dividend is declared equal to such dividend amount.
Dividend Equivalents. As of any date that cash dividends are paid with respect to the Common Stock from time to time, each Participant’s Stock Unit Account referred to in Section 2 shall be credited with an additional number of Stock Units equivalent todetermined by dividing # the valueaggregate dollar amount of anythe dividends declared andthat would have been paid on Commonthe Stock (“Dividend Equivalents”) determined as if the Units credited to the Participant’s Stock Unit Account were an equivalent numberas of the record date for such dividend had such Stock Units been actual shares of Common Stock, withStock by # the numberFair Market Value of additional Units to be credited determined by the number of whole shares, and a fraction thereof, of Common Stock having a value on the date such dividend is declared equal to such dividend amount. payment date.
Dividend Equivalents. Participant’Each Participant's Unit Account referred to in Section 2 shall be credited with additional Units equivalentequal to the value of any dividends declared and"dividend equivalent" when a cash dividend is paid on Common Stock (“Dividend Equivalents”) determined as ifShares. Such "dividend equivalent" shall be equal to a fraction where the numerator is the product of # the number of Units in such Participant's Unit Account on the date that dividends are paid multiplied by # the dividend paid per Common Share and the denominator of which is the Market Price of one Common Share calculated on the date that dividends are paid, and additional Units equal to such "dividend equivalent" shall be credited to the Participant's Unit Account. Any additional Units credited to the Participant’a Participant's Unit Account were an equivalent numberas a "dividend equivalent" shall have a Payment Date or Vesting Date, as applicable, which is the same as the Payment Date or Vesting Date, as applicable, for the Units in respect of shares of Common Stock, with the number ofwhich such additional Units to be credited determined by the number of whole shares, and a fraction thereof, of Common Stock having a value on the date such dividend is declared equal to such dividend amount. are credited.
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