Dividend Equivalents. On any date that a number of earned Units has been determined to have vested in accordance with the terms of this Agreement, a total dividend equivalent amount will be determined by multiplying the number of Units determined to have vested on such date by the per share amount of each cash dividend paid on the Company’s Stock with a record date and payment date occurring between the Grant Date and the applicable vesting date, and adding those products together. The total dividend equivalent amount, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5 of this Agreement.
Dividend Equivalents. OnIf the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on the date that a number of earnedany Units has been determinedvests pursuant to have vestedSection 5 above, the Total Dividend Equivalent Amount will be credited to your performance stock unit account in accordance with the terms of this Agreement, a total dividend equivalent amountcash. The “Total Dividend Equivalent Amount” will be determined by multiplying the number of underlying Units determined to have vested on such dateas of the Vesting Date by the per share amount of each cash dividend paid on the Company’s Stockcommon stock with a record date and payment date occurring between the Grant Date and the applicable vesting date,Vesting Date, and adding those products together. The total dividend equivalent amount, net of any amount requiredTotal Dividend Equivalent Amount so credited will be fully vested and subject to satisfy withholding tax obligationssettlement at the same time as the underlying Units as provided in Section 8 of6 above. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement, willAgreement shall also be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5 of this Agreement. forfeited.
Dividend Equivalents. OnIf the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on the date that a number of earned Units has been determinedthis Award vests pursuant to have vestedSection 5 above, the Total Dividend Equivalent Amount will be credited to your performance stock unit account in accordance with the terms of this Agreement, a total dividend equivalent amountcash. The “Total Dividend Equivalent Amount” will be determined by multiplying the number of underlying Units determined to have vested on such date by the per share amount of each cash dividend paid on the Company’s Stock with a record date and payment date occurring between the Grant Date and the applicable vesting date, and adding those products together. The total dividend equivalent amount, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5 of this Agreement.
Dividend Equivalents. On any date that a number of earned Units has been determined to have vested in accordance withas of the terms of this Agreement, a total dividend equivalent amount will be determined by multiplying the number of Units determined to have vested on such dateVesting Date by the per share amount of each cash dividend paid on the Company’s Stockcommon stock with a record date and payment date occurring between the Grant Date and the applicable vesting date,Vesting Date, and adding those products together. The total dividend equivalent amount, net of any amount requiredTotal Dividend Equivalent Amount so credited will be fully vested and subject to satisfy withholding tax obligationssettlement at the same time as the underlying Units as provided in Section 8 of6 above. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement, willAgreement shall also be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5 of this Agreement. forfeited.
Dividend Equivalents. OnIf the Company pays cash dividends on its Shares while any date thatUnits subject to this Agreement are outstanding, then the Company shall credit, as of each dividend payment date, a numberdollar amount of earned Units has been determineddividend equivalents to have vested in accordance withyour account. The dollar amount of the terms of this Agreement, a total dividend equivalent amount willequivalents credited shall be determined by multiplying the number of Units determinedcredited to have vested on suchyour account pursuant to this Agreement as of the dividend record date bytimes the per sharedollar amount of eachthe cash dividend paid on the Company’s Stock with a record date and payment date occurring between the Grant Dateper Share. Your right to receive such accrued dividend equivalents shall vest, and the applicable vesting date,amount of the accrued dividend equivalents shall be paid in cash, to the same extent and adding those products together. The totalat the same time as the underlying Units to which the dividend equivalent amount, net of any amount required to satisfy withholding tax obligationsequivalents relate vest and are settled, as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in SectionSections 5 and 7 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.
Dividend Equivalents. OnIf the Company pays cash dividends on its Shares while any date thatUnits subject to this Agreement are outstanding, then the Company shall credit, as of each dividend payment date, a numberdollar amount of earned Units has been determineddividend equivalents to have vested in accordance withyour account. The dollar amount of the terms of this Agreement, a total dividend equivalent amount willequivalents credited shall be determined by multiplying the number of Units determinedcredited to have vested on suchyour account pursuant to this Agreement as of the dividend record date bytimes the per sharedollar amount of eachthe cash dividend paid on the Company’s Stock with a record date and payment date occurring between the Grant Dateper Share. Your right to receive such accrued dividend equivalents shall vest, and the applicable vesting date,amount of the accrued dividend equivalents shall be paid in cash, to the same extent and adding those products together. The totalat the same time as the underlying Units to which the dividend equivalent amount, net of any amount required to satisfy withholding tax obligationsequivalents relate vest and are settled, as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the time the vested Units are settled as provided in Section 5Sections 4 and 6 of this Agreement. No interest shall accrue on any unpaid dividend equivalents. Any dividend equivalents accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited.
Dividend Equivalents. On any date that a numbereach of earned Units has been determined to have vested in accordance with the terms of this Agreement, a totalRatable Vesting Dates, you will also receive an accumulated dividend equivalent amountcash payment on the vested portion of the Units Awarded (“Dividend Equivalent Payment”). The Dividend Equivalent Payment will be determined by multiplyingfrom the number of Units determined to have vested on such date by the per share amount of each cash dividend paid on the Company’s Stock with a record date and payment date occurring between the GrantAward Date andthrough the applicable vesting date, and adding those products together. The total dividend equivalent amount, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement, will be paid to you (or your permitted transferee) in cash at the timeRatable Vesting Date for the vested portion of the Units are settled as provided in Section 5 of this Agreement.Awarded.
Dividend Equivalents. On any dateEquivalent means a right, granted under this Plan, to receive the cash equivalent of all of the dividends declared and paid with respect to one share of the Companys Stock during the Vesting Period that a number of earned Units has been determinedapplies to have vestedan Award. The Dividend Equivalent amount shall be calculated based upon the dividend rate in accordance with the terms of this Agreement, a total dividend equivalent amount will be determined by multiplying the number of Units determined to have vested on such date by the per share amount of each cash dividend paideffect on the Company’last day of the Vesting Period that applies to an award of Units. Dividend Equivalents shall not be deemed reinvested in the Companys Stock with a record dateStock, and payment date occurring between the Grant Date and the applicable vesting date, and adding those products together. The total dividend equivalent amount, net of any amount required to satisfy withholding tax obligations as provided in Section 8 of this Agreement, willshall be paid to you (or your permitted transferee) in cash at the timeParticipants on the vested Units are settled as provided in Section 5 of this Agreement. appropriate Settlement Date.
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