Dividends Equivalents Clause Example with 5 Variations from Business Contracts
This page contains Dividends Equivalents clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Dividends Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on each dividend payment date a dividend equivalent dollar amount equal to the number of Units credited to your performance stock unit account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash dividend per Share shall be deemed reinvested in additional Units as of the dividend payment date and such additional Units shall be credited to your ...performance stock unit account. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units so credited will be subject to the same terms and conditions, including the timing of vesting and settlement, applicable to the underlying Units to which the dividend equivalents relate.7. Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect to satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value equal to the amount of such withholding tax obligations by notifying the Company of such election.View More
Variations of a "Dividends Equivalents" Clause from Business Contracts
Dividends Equivalents. If The following provisions shall apply if the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then outstanding. (a) Prior to Scheduled Vesting Date. Prior to the Scheduled Vesting Date, on each dividend payment date date, a dividend equivalent dollar amount equal to the number Target Number of ROIC Units credited to your performance stock unit account pursuant to this Agreement as of the dividend record date times the dollar amount of the cas...h dividend per Share shall be deemed reinvested in additional Units as of the dividend payment date and such additional Units shall be credited to your performance stock unit account. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units so credited will be subject to the same terms and conditions, including the timing of vesting and settlement, applicable to the underlying Units to which the dividend equivalents relate.7. Tax Consequences and Withholding. No Shares relate. (b) As of Scheduled Vesting Date. As of the Scheduled Vesting Date, you will be delivered to you in settlement credited with an additional number of vested Units unless you have made arrangements acceptable if and to the Company for payment extent that your performance stock unit account would have been credited with additional Units under Section 6(a) had the determination of any federal, state, local or foreign withholding taxes that may be due additional Units in Section 6(a) been based on the actual number of Units (ROIC and Diversification) earned under this Agreement, as a result of determined by the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations Committee in accordance with the provisions Annex A. The calculation of Section 14 of the Plan. You may elect to satisfy such withholding tax obligations by having the Company withhold a additional number of Shares that would otherwise Units pursuant to this Section 6(b) will be issued to you in settlement of the Units and that have a Fair Market Value equal determined according to the amount same formula as set forth in Section 6(a). The additional number of such withholding tax obligations by notifying Units credited pursuant to this Section 6(b) will be fully vested and subject to settlement at the Company of such election. same time as the underlying Units as provided in Section 5 above. View More
Dividends Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on each dividend payment the date a dividend equivalent dollar amount equal this Award vests pursuant to Section 5 above, the number of Units Total Dividend Equivalent Amount will be credited to your performance stock unit account pursuant in cash. The "Total Dividend Equivalent Amount" will be determined by multiplying the number of underlying Units determined to this Agreement have ...vested as of the Vesting Date by the per share amount of each cash dividend paid on the Company's common stock with a record date times the dollar amount of the cash dividend per Share shall be deemed reinvested in additional Units as of the dividend and payment date occurring between the Grant Date and such additional Units shall be credited to your performance stock unit account. the Vesting Date, and adding those products together. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units Total Dividend Equivalent Amount so credited will be fully vested and subject to settlement at the same terms and conditions, including the timing of vesting and settlement, applicable to time as the underlying Units to which the as provided in Section 6 above. Any dividend equivalents relate.7. accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited. PSU Agreement (2019 Omnibus Plan – FY21-23 LTIP) Page 3 8. Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested Units Units, and no payment of any vested Total Dividend Equivalent Amount will be made, unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. Shares and any such payment. You hereby authorize the Company (or any Affiliate) to withhold from the Total Dividend Equivalent Amount, payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect further authorize and consent to satisfy such the Company, or its respective agents, that all withholding tax obligations may be satisfied by having the Company or its agent withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value fair market value equal to the then-outstanding amount of such withholding tax obligations obligations, unless in lieu thereof, you elect at the time of conversion of the Units such other then-permitted method or combination of methods established by notifying the Company of such election. Committee in its discretion, if any, to satisfy your withholding tax obligations. View More
Dividends Equivalents. If the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then on each dividend payment the date a dividend equivalent dollar amount equal any Units vests pursuant to Section 5 above, the number of Units Total Dividend Equivalent Amount will be credited to your performance stock unit account pursuant in cash. The "Total Dividend Equivalent Amount" will be determined by multiplying the number of underlying Units determined to this Agreement have v...ested as of the Vesting Date by the per share amount of each cash dividend paid on the Company's common stock with a record date times the dollar amount of the cash dividend per Share shall be deemed reinvested in additional Units as of the dividend and payment date occurring between the Grant Date and such additional Units shall be credited to your performance stock unit account. the Vesting Date, and adding those products together. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units Total Dividend Equivalent Amount so credited will be fully vested and subject to settlement at the same terms and conditions, including the timing of vesting and settlement, applicable to time as the underlying Units to which the as provided in Section 6 above. Any dividend equivalents relate.7. accrued on Units that are forfeited in accordance with this Agreement shall also be forfeited. PSU Agreement (2019 Plan) Page 3 8. Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested Units Units, and no payment of any vested Total Dividend Equivalent Amount will be made, unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. Shares and any such payment. You hereby authorize the Company (or any Affiliate) to withhold from the Total Dividend Equivalent Amount, payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect further authorize and consent to satisfy such the Company, or its respective agents, that all withholding tax obligations may be satisfied by having the Company or its agent withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value fair market value equal to the then-outstanding amount of such withholding tax obligations obligations, unless in lieu thereof, you elect at the time of conversion of the Units such other then-permitted method or combination of methods established by notifying the Company of such election. Committee in its discretion, if any, to satisfy your withholding tax obligations. View More
Dividends Equivalents. If The following provisions shall apply if the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then outstanding. (a)Prior to Scheduled Vesting Date. Prior to the Scheduled Vesting Date, on each dividend payment date date, a dividend equivalent dollar amount equal to the number Target Number of Units credited to your performance stock unit account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash divi...dend per Share shall be deemed reinvested in additional Units as of the dividend payment date and such additional Units shall be credited to your performance stock unit account. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units so credited will be subject to the same terms and conditions, including the timing of vesting and settlement, applicable to the underlying Units to which the dividend equivalents relate.7. relate. (b)As of Scheduled Vesting Date. As of the Scheduled Vesting Date, you will be credited with an additional number of Units if and to the extent that your performance stock unit account would have been credited with additional Units under Section 6(a) had the determination of additional Units in Section 6(a) been based on the actual number of Units achieved under this Agreement, as determined by the Committee in accordance with Annex A. The calculation of such additional number of Units pursuant to this Section 6(b) will be determined according to the same formula as set forth in Section 6(a). The additional number of Units credited pursuant to this Section 6(b) will be fully vested and subject to settlement at the same time as the underlying Units as provided in Section 5 above.4EXHIBIT 10.27. Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with the provisions of Section 14 of the Plan. You may elect to satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value equal to the amount of such withholding tax obligations by notifying the Company of such election. View More
Dividends Equivalents. If The following provisions shall apply if the Company pays cash dividends on its Shares while any Units subject to this Agreement are outstanding, then outstanding. (a)Prior to Scheduled Vesting Date. Prior to the Scheduled Vesting Date, on each dividend payment date date, a dividend equivalent dollar amount equal to the number Target Number of Units credited to your performance stock unit account pursuant to this Agreement as of the dividend record date times the dollar amount of the cash divi...dend per Share shall be deemed reinvested in additional Units as of the dividend payment date and such additional Units shall be credited to your performance stock unit account. The number of additional Units so credited shall be determined based on the Fair Market Value of a Share on the applicable dividend payment date. Any additional Units so credited will be subject to the same terms and conditions, including the timing of vesting and settlement, applicable to the underlying Units to which the dividend equivalents relate.7. relate. (b)As of Scheduled Vesting Date. As of the Scheduled Vesting Date, you will be credited with an additional number of Units if and to the extent that your performance stock unit account would have been credited with additional Units under Section 6(a) had the determination of additional Units in Section 6(a) been based on the actual number of Units earned under this Agreement, as determined by the Committee in accordance with Annex A. The calculation of such additional number of Units pursuant to this Section 6(b) will be determined according to the same formula as set forth in Section 6(a). The additional number of Units credited pursuant to this Section 6(b) will be fully vested and subject to settlement at the same time as the underlying Units as provided in Section 5 above.7. Tax Consequences and Withholding. No Shares will be delivered to you in settlement of vested Units unless you have made arrangements acceptable to the Company for payment of any federal, state, local or foreign withholding taxes that may be due as a result of the delivery of the Shares. You hereby authorize the Company (or any Affiliate) to withhold from payroll or other amounts payable to you any sums required to satisfy such withholding tax obligations, and otherwise agree to satisfy such obligations in accordance with 4with the provisions of Section 14 of the Plan. You may elect to satisfy such withholding tax obligations by having the Company withhold a number of Shares that would otherwise be issued to you in settlement of the Units and that have a Fair Market Value equal to the amount of such withholding tax obligations by notifying the Company of such election. View More
