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 Performance Share Units are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) if such dividends or distributions are paid on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Units shall be converted into additional Performance Share Units in Grantee's name, based on the Fair Market... Value of the Common Stock as of the date such dividends or distributions are paid, or (ii) if such dividends or distributions are paid after the final Payment Date, Grantee shall receive a cash payment in respect of such dividends or distributions. Any additional Performance Share Units pursuant to this Section 5 shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Units with respect to which they relate. View More
Found in EQT Corp contract

Variations of a "Dividends Equivalents" Clause from Business Contracts

Dividends Equivalents. If the Performance Share Restricted Stock Units are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) if such dividends or distributions are paid on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Restricted Stock Units shall be converted into additional Performance Share Restricted Stoc...k Units in Grantee's Participant's name, based on the Fair Market Value of the Common Stock as of the date such dividends or distributions are paid, or (ii) if such dividends or distributions are paid after (rounded down to the final Payment Date, Grantee shall nearest whole Restricted Stock Unit), with any fractional Restricted Stock Units converted into a right to receive a cash payment an equivalent amount in respect of such dividends or distributions. cash. Any additional Performance Share Restricted Stock Units or cash pursuant to this Section 5 shall vest at the same time and in the same manner as the Restricted Stock Units to which they are attributable vest, and will be paid to the Participant in accordance with the Payment Dates set forth in Section 4 above. Any additional Restricted Stock Units pursuant to this Section 5 shall also be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Restricted Stock Units with respect to which they relate. View More
Found in EQT Corp contract
Dividends Equivalents. If the Performance Share Restricted Stock Units are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) if such dividends or distributions are paid on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Restricted Stock Units shall be converted into additional Performance Share Restricted Stoc...k Units in Grantee's name, based on the Fair Market Value of the -4- Common Stock as of the date such dividends or distributions are paid, or (ii) if such dividends or distributions are paid after the final Payment Date, Grantee shall receive a cash payment in respect of such dividends or distributions. Any additional Performance Share Units restricted stock units pursuant to this Section 5 shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Restricted Stock Units with respect to which they relate. View More
Found in EQM Midstream Partners, LP contract
Dividends Equivalents. If the Performance Share Restricted Stock Units are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) if such dividends or distributions are paid - - on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Restricted Stock Units shall be converted into additional Performance Share Restricted ...Stock Units in Grantee's name, based on the Fair Market Value of the Common Stock as of the date such dividends or distributions are paid, or (ii) if such dividends or distributions are paid after the final Payment Date, Grantee shall receive a cash payment in respect of such dividends or distributions. Any additional Performance Share Units restricted stock units pursuant to this Section 5 shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Restricted Stock Units with respect to which they relate. View More
Found in 2 Contracts from EQT Corp
Dividends Equivalents. If the Performance Share Restricted Stock Units are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) if such dividends or distributions are paid on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Restricted Stock Units shall be converted into additional Performance Share Restricted Stoc...k Units in Grantee's name, based on the Fair Market Value of the Common Stock as of the date such dividends or distributions are paid, or (ii) if such dividends or distributions are paid after the final Payment Date, Grantee shall receive a cash payment in respect of such dividends or distributions. Any additional Performance Share Units restricted stock units pursuant to this Section 5 shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Restricted Stock Units with respect to which they relate. View More
Found in EQT Corp contract
Dividends Equivalents. If the Performance Share Units Awards are outstanding on the record date for dividends or other distributions with respect to the Common Stock, then (i) (a) if such dividends or distributions are paid on or before the final Payment Date, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Common Stock then underlying the Performance Share Units Awards shall be converted into additional Performance Share Units Awards in Grantee's name,... based on the Fair Market Value of the Common Stock as of the date such dividends or distributions are paid, or (ii) (b) if such dividends or distributions are paid after the final Payment Date, Grantee shall receive a cash payment in respect of such dividends or distributions. Any additional Performance Share Units Awards pursuant to this Section 5 shall be subject to the same performance and time-vesting conditions and transfer restrictions as apply to the Performance Share Units Awards with respect to which they relate. View More
Found in EQM Midstream Partners, LP contract