Example ContractsClausesdividends, payments, and guarantees during event of defaultIdentical
Dividends, Payments, and Guarantees During Event of Default
Dividends, Payments, and Guarantees During Event of Default contract clause examples

Dividends. In the event that dividends are paid, Grantee will be credited as of the date each such dividend is paid with additional Restricted Stock Units having a value equal to the aggregate amount of the dividend that would have been paid with respect to Grantee’s Restricted Stock Units if they had been actual Shares, based on the Fair Market Value (as defined in the Plan) of a Share on the applicable dividend payment date. Such additional Restricted Stock Units shall also be credited with additional Restricted Stock Units as dividends are paid thereafter, and shall be subject to the same restrictions and conditions as the Restricted Stock Unit with respect to which they were credited.

Restricted Stock Unit Award Agreement
Source: SEC EDGAR database • Date: May 2, 2019 • SIC: 5065 • CIK: 5065

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