Dividend Equivalents. The Employee shall become entitled to receive from the Company on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stock equal to the number of vested RSUs (if any) would have been entitled to receive as dividends on such Common Stock during the period commencing on the effective date hereof and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this Section shall be net of any required withholding taxes.
Dividend Equivalents. The EmployeeNotwithstanding [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 becomebe entitled to receive fromdividend equivalent amounts (“Dividend Equivalents”) if dividends are declared by the CompanyBoard of Directors on each applicable Vesting Date (or such earlier date provided in [Section 8]) athe Company’s Common Stock. The Dividend Equivalents shall be an amount of cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stockper RSU equal to the numberdividends per share paid to common stockholders of vested RSUs (if any) would have been entitled to receive as dividends on such Common Stock during the period commencing on the effective date hereof and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this SectionCompany. The Dividend Equivalents shall be netaccrued (without interest and earnings) rather than paid when a dividend is paid on a share of any required withholding taxes.the Company’s Common Stock. The Dividend
Dividend Equivalents. The Employee shall become entitledPursuant 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 fromin respect of each RSU held by the CompanyGrantee on each applicable Vestinga dividend record date occurring after the Grant Date (or such earlier date provided in [Section 8])and prior to the Vest Date, the equivalent value of any ordinary cash dividends that are paid on a cash payment equaling the same amount(s) that the holder of record of a number of sharesshare of Common Stock equal(“Dividend Equivalent”). Dividend Equivalents will be reinvested 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 from Dividend Equivalents (and be reinvested into additional Dividend Equivalents). Dividend Equivalents are subject to the numbersame conditions as the RSUs to which they are attributable, including but not limited to vesting, transferability, forfeiture, time and form of vested RSUs (if any) would have been entitled to receivesettlement as dividends on such Common Stock duringfurther described in this Agreement and the period commencing on the effective date hereof and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this Section shall be net of any required withholding taxes.Plan.
Dividend Equivalents. The EmployeeCompany 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 become entitledaccumulate Dividend Equivalents and, upon vesting of the related RSU, will pay the Grantee a single lump sum cash amount equal to receive from the CompanyDividend Equivalents on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s)date that the holder of record of a number of sharesshare of Common Stock equalis delivered with respect to the number of vested RSUs (if any) would have been entitled to receivesuch RSU, as dividends on such Common Stock during the period commencing on the effective date hereof and ending on each applicable Vesting Date (or such earlier date provideddescribed in [Section 8]) as provided under [Section 3]. Payments under4] of this Section shallGrant Agreement. Any accumulated and unpaid Dividend Equivalents attributable to a RSU that is cancelled are immediately forfeited upon cancellation and will not be net of any required withholding taxes.paid.
Dividend Equivalents. The EmployeeUntil such time as the RSUs vest in full, the Grantee shall become entitled to receive from the Company on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stockbe credited with an amount equal to the number of vested RSUs (if any)all cash and stock dividends (whether ordinary or extraordinary) (“Dividend Equivalents”) that would have been entitledpaid to receive as dividends on such Commonthe Grantee if one share of Stock during the period commencinghad been issued on the effective date hereofGrant Date for each RSU granted to the Grantee as set forth in this Agreement and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this Sectionthat remains outstanding. In its discretion, the Company may reinvest any cash Dividend Equivalents into additional shares of Stock. Dividend Equivalents shall be netsubject to the same vesting restrictions, forfeiture and other conditions as the RSUs to which they are attributable and shall be paid, if at all, on the same date that the RSUs to which they are attributable are settled in accordance with [Section 2] hereof. Dividend Equivalents that are held for the benefit of any required withholding taxes.the Grantee shall be distributed in cash or 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. The EmployeePrior to the Distribution Date, the RSUs shall become entitled to receive from the Company on each applicable Vesting Date (or such earlier date providedbe credited with dividend equivalents in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stockan amount equal to the numberdividends paid on the Company’s Common Stock. Such dividend equivalents shall be credited to a bookkeeping account established by the Company under the Plan in Your name in each calendar quarter prior to the Distribution Date that the Company pays a dividend on its outstanding Shares of vested RSUs (if any) would have been entitledCommon Stock. Amounts credited to receivethis account shall be credited with a quarterly rate equal to the dividend payment rate with dividends invested as dividends on suchof the last business day of each quarter and share price equal to the average of the high and low actual sale prices of the Company’s Common Stock during the period commencing on the effectiveNew York Stock Exchange on the date hereof and ending on each applicable Vesting Date (or such earlier date providedthe transaction is credited. Amounts accumulated in [Section 8]) as provided under [Section 3]. Payments under this Sectionaccount shall be netproportionately distributed to You in Shares at the same time that the Shares related to the RSUs are distributed to You. Such dividend equivalents shall Vest in accordance with the Vesting of any required withholding taxes.the underlying Award.
Dividend Equivalents. The Employee shall become entitled to receive from the CompanyAny cash or Common Stock dividends paid on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stock underlying an RSU prior to the Settlement Date for such RSU shall be credited to a dividend book entry account on your behalf (any such credited amount, a “Dividend Equivalent”). Any cash Dividend Equivalents shall not be deemed to be reinvested in shares of Common Stock and will be held uninvested and without interest. Your right to receive any Dividend Equivalents with respect to cash dividends shall vest only if and when the related RSU vests, and an amount equal to such cash dividends shall be paid to you in cash on the applicable Settlement Date on which the related RSU is settled. Your right to receive any Dividend Equivalents with respect to dividends of Common Stock shall vest only if and when the related RSU vests, and on the applicable Settlement Date on which the related RSU is settled you will be paid an amount in cash equal to the numberFair Market Value of vested RSUs (if any) would have been entitled to receive as dividends on suchthe Common Stock duringunderlying such dividend as of the period commencing onapplicable Settlement Date. Prior to the effective date hereof and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this Section shallpayment thereof, any Dividend Equivalents will be net of any required withholding taxes.encompassed within the term “Award” with respect to the relevant RSUs.
Dividend Equivalents. The Employee shall become entitled to receive fromDuring the Company on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stock equal to the number of vested RSUs (if any) would have been entitled to receive as dividends on such Common Stock during the period commencingPeriod, Dividend Equivalents will be credited on the effective date hereof and ending on each applicableRSUs in the form of additional RSUs. At the end of the Vesting Date (or such earlier date providedPeriod, the RSUs plus RSUs representing any accrued Dividend Equivalents will be paid to you in [Section 8]) as provided under [Section 3]. Payments under this Section shallthe form of Shares. Any fractional Shares accrued from Dividend Equivalents, if applicable, will be net of any required withholding taxes.paid in cash.
Dividend Equivalents. The Employee shall become entitled to receive from the Company onwill establish an amount for each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common StockRSU equal to the number of vested RSUs (if any) would have been entitledper Share quarterly dividend payments made to receive as dividends on such Common StockShareholders during the period commencingbeginning on the effective date hereofGrant Date and ending on each applicable Vesting Date (orthe date that such earlierRSU vests or is cancelled (“Dividend Equivalents”). The Company shall accumulate Dividend Equivalents and, upon vesting of the related RSU, will pay the Grantee a single lump sum cash amount equal to the Dividend Equivalents on the same date providedthat a share is delivered with respect to such RSU, as described in [Section 8]) as provided under [Section 3]. Payments under4] of this Section shallGrant Agreement. Any accumulated and unpaid Dividend Equivalents attributable to a RSU that is cancelled are immediately forfeited upon cancellation and will not be net of any required withholding taxes.paid.
Dividend Equivalents. The Employee shall become entitled to receive from the CompanyAny cash or Common Stock dividends paid on each applicable Vesting Date (or such earlier date provided in [Section 8]) a cash payment equaling the same amount(s) that the holder of record of a number of shares of Common Stock underlying an RSU prior to the Settlement Date for such RSU shall be credited to a dividend book entry account on your behalf (any such credited amount, a “Dividend Equivalent”). Any cash Dividend Equivalents shall not be deemed to be reinvested in shares of Common Stock and will be held uninvested and without interest. Your right to receive any Dividend Equivalents with respect to cash dividends shall vest only if and when the related RSU vests, and an amount equal to such cash dividends shall be paid to you in cash on the applicable Settlement Date on which the related RSU is settled. Your right to receive any Dividend Equivalents with respect to dividends of Common Stock shall vest only if and when the related RSU vests, and on the applicable Settlement Date on which the related RSU is settled you will be paid an amount in cash equal to the numberFair Market Value of vested RSUs (if any) would have been entitled to receive as dividends on suchthe Common Stock duringunderlying such dividend as of the period commencing onapplicable Settlement Date. Prior to the effective date hereof and ending on each applicable Vesting Date (or such earlier date provided in [Section 8]) as provided under [Section 3]. Payments under this Section shallpayment thereof, any Dividend Equivalents will be net of any required withholding taxes.encompassed within the term “Award” with respect to the relevant RSUs.
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