Dividend Equivalent Payments Contract Clauses (44)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Dividend Equivalent Payments clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Dividend Equivalent Payments. At the time of the payment of any vested Performance Shares, the Grantee shall receive a cash dividend equivalent payment in an amount equal to the product of (a) the Earned Number and (b) the aggregate amount of dividends per share declared and paid to the Company's shareholders on Shares during the period from the Date of Grant through the date of the payment of the Performance Shares, without interest (the "Actual Dividends Paid"); provided, however, that in the event that Section 4(b), 4(c) ...or 4(d) applies, the amount of the dividend equivalent payment to the Grantee shall be equal to the product of (i) the number of Performance Shares in which the Grantee becomes vested pursuant to Section 4(b), 4(c) or 4(d) of this Agreement, as applicable, and (ii) the Actual Dividends Paid. Notwithstanding anything in Section 7 of this Agreement to the contrary, to the extent the payment of the vested Performance Shares occurs after both the date a dividend has been declared by the Company and the record date for such dividend, but prior to the dividend payment date related thereto, the amount of the Actual Dividend Paid also shall include such dividend. In the case of a dividend payment to be paid in property, the dividend payment shall be deemed to be the fair market value of the property at the time of distribution of the dividend payment to the Grantee, as determined by the Committee. View More
Found in REYNOLDS AMERICAN INC contract
Dividend Equivalent Payments. At the time of the payment of any vested Performance Shares, the Grantee shall receive a cash dividend equivalent payment in an amount equal to the product of (a) the Earned Number and (b) the aggregate amount of dividends per share declared and that are paid to the Company's shareholders of the Company (or, after a BAT Change of Control, the aggregate amount of dividends or similar distributions per share (or other equity unit) that are paid to the holders of British American Tobacco p.l.c. Ame...rican Depositary Receipts) on Shares during the period from the Date of Grant through the date of the payment of the Performance Shares, without interest (the "Actual Dividends Paid"); provided, however, that in the event that Section 4(b), 4(c) or 4(d) applies, the amount of the dividend equivalent payment to the Grantee shall be equal to the product of (i) the number of Performance Shares in which the Grantee becomes vested pursuant to Section 4(b), 4(c) or 4(d) of this Agreement, as applicable, and (ii) the Actual Dividends Paid. Notwithstanding anything in this Section 7 of this Agreement to the contrary, to the extent the payment of the vested Performance Shares occurs after both the date a dividend has been declared by the Company and the record date for such dividend, but prior to the dividend payment date related thereto, the amount of the Actual Dividend Paid also shall include such dividend. In the case of a dividend payment to be paid in property, the dividend payment shall be deemed to be the fair market value of the property at the time of distribution of the dividend payment to the Grantee, as determined by the Committee. View More
Found in REYNOLDS AMERICAN INC contract
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Dividend Equivalent Payments. The Participant shall be eligible to receive dividend equivalents pursuant to the provisions of Sections 9(d)(ii) and 14(c) of the Plan.
Found in US FOODS, INC. contract
Dividend Equivalent Payments. The Participant shall be eligible to receive dividend equivalents pursuant to the provisions of Sections 9(d)(ii) and 14(c) 13(c) of the Plan.
Found in US Foods Holding Corp. contract
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Dividend Equivalent Payments. After a Vesting Date, Participant shall be paid in cash the accumulated amount equivalent to the dividends which would have been paid on the Company's Capital Stock underlying the Restricted Stock Units to the extent the Company's Board of Directors had approved and declared a dividend on its Capital Stock. Such dividend equivalent amount shall be paid during the month following the applicable Vesting Date. Subject to Section 5 below, the dividend equivalent payment shall be forfeited for any Re...stricted Stock Units terminated under Section 5. View More
Found in Campbell Soup contract
Dividend Equivalent Payments. After a Vesting Date, Participant shall be paid in cash the accumulated amount equivalent to the dividends which would have been paid on the Company's Capital Stock underlying the Restricted Stock Units to the extent the Company's Board of Directors had approved and declared a dividend on its Capital Stock. Such dividend equivalent amount shall be paid during the month following the applicable that Vesting Date. Subject to Section 5 below, the dividend equivalent payment shall be forfeited for a...ny Restricted Stock Units terminated under Section 5 if the Participant is no longer employed by the Company or its subsidiaries and an exception does not apply. View More
Found in Campbell Soup contract
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