Dividends Equivalents Clause Example with 6 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. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement or the Plan. If the Company declares a regular cash dividend on the Shares during the Performance Period, the Participant shall receive dividend equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement or the Plan, multiplied by the amount of the cash dividend per Share declared during the Performance Period, as if the P...articipant had held a number of Shares equal to the number of PSUs that vests as of each dividend record date during the Performance Period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, the “Performance Period” shall be deemed to have ended as of the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, less applicable withholding taxes pursuant to Section 9. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract

Variations of a "Dividends Equivalents" Clause from Business Contracts

Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement or the Plan. If Specifically, if the Company declares declared a regular cash dividend on the Shares during the Performance Period, period commencing on the Grant Date and ending on a date on which any of the PSUs vests (each such period, a “Dividend Equivalent Period”), the Participant shall be entitled to receive dividend equivalents in an amount equal to the ...number of PSUs that vest, if any, pursuant to this Agreement or the Plan, vested on such date multiplied by the amount of the cash dividend per Share declared during the Performance Dividend Equivalent Period, as if the Participant had held a number of Shares equal to the number of PSUs that vests vested on such date as of each dividend record date during the Performance Dividend Equivalent Period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, the “Performance Period” shall be deemed to have ended as of the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, 9, less applicable withholding taxes pursuant to Section 9. 10. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract
Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement Agreement, the Plan or the Plan. If Employment Agreement. Specifically, if the Company declares declared a regular cash dividend on the Shares during the Performance Period, period commencing on the Grant Date and ending on a date on which any of the PSUs vests (each such period, a “Dividend Equivalent Period”), the Participant shall be entitled to receive divid...end equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement or the Plan, vested on such date multiplied by the amount of the cash dividend per Share declared during the Performance Dividend Equivalent Period, as if the Participant had held a number of Shares equal to the number of PSUs that vests vested on such date as of each dividend record date during the Performance Dividend Equivalent Period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, the “Performance Period” shall be deemed to have ended as of the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, 9, less applicable withholding taxes pursuant to Section 9. 10. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract
Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement or the Plan. If the Company declares a regular cash dividend on the Shares during the Performance Period, period commencing on January 1, 2020 and ending on the End Date, the Participant shall receive dividend equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement or the Plan, multiplied by the amount of the cash divid...end per Share declared during the Performance Period, period commencing on January 1, 2020 and ending on the End Date, as if the Participant had held a number of Shares equal to the number of PSUs that vests as of each dividend record date during the Performance Period. such period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, the “Performance Period” “End Date” shall be deemed to have ended as of occurred on the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, less applicable withholding taxes pursuant to Section 9. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract
Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement Agreement, the Plan, or the Plan. Employment Agreement. If the Company declares a regular cash dividend on the Shares during the Performance Period, the Participant shall receive dividend equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement Agreement, the Plan, or the Plan, Employment Agreement, multiplied by the amo...unt of the cash dividend per Share declared during the Performance Period, as if the Participant had held a number of Shares equal to the number of PSUs that vests as of each dividend record date during the Performance Period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, Plan or the Employment Agreement, the “Performance Period” shall be deemed to have ended as of the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, less applicable withholding taxes pursuant to Section 9. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract
Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement Agreement, the Plan, or the Plan. Employment Agreement. If the Company declares a regular cash dividend on the Shares during the Performance Period, the Participant shall receive dividend equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement Agreement, the Plan, or the Plan, Employment Agreement, multiplied by the amo...unt of the cash dividend per Share declared during the Performance Period, as if the Participant had held a number of Shares equal to the number of PSUs that vests as of each dividend record date during the Performance Period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, Plan or the Employment Agreement, the “Performance Period” shall be deemed to have ended as of the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, less applicable withholding taxes pursuant to Section 9. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract
Dividends Equivalents. The Participant shall be entitled to receive dividend equivalents in respect of each PSU that vests, if any, pursuant to this Agreement Agreement, the Plan, or the Plan. Employment Agreement. If the Company declares a regular cash dividend on the Shares during the Performance Period, period commencing on January 1, 2020 and ending on the End Date, the Participant shall receive dividend equivalents in an amount equal to the number of PSUs that vest, if any, pursuant to this Agreement Agreement, t...he Plan, or the Plan, Employment Agreement, multiplied by the amount of the cash dividend per Share declared during the Performance Period, period commencing on January 1, 2020 and ending on the End Date, as if the Participant had held a number of Shares equal to the number of PSUs that vests as of each dividend record date during the Performance Period. such period. For purposes of the foregoing sentence only, if the PSUs are subject to accelerated vesting pursuant to the Plan, Plan or the “Performance Period” Employment Agreement, the “End Date” shall be deemed to have ended as of occurred on the date of the event which serves as the basis for such accelerated vesting. Any such dividend equivalents relating to the Participant’s vested PSUs shall be payable in cash at the same time as the Shares underlying the vested PSUs are issued to the Participant in accordance with Section 8, less applicable withholding taxes pursuant to Section 9. If the PSUs are forfeited, the Participant shall have no right to receive any dividend equivalents. View More
Found in Park Hotels & Resorts Inc. contract