Dividends Clause Example with 4 Variations from Business Contracts
This page contains Dividends 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. If on any date while RSUs are outstanding the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the Employee shall, as of the record date for such dividend payment, be increased by a number of RSUs equal to: (a) the product of (x) the number of RSUs held by the Employee as of such record date, multiplied by (y) the per Share amount of any cash dividend (or, in the case of any dividend payable, in whole or in part, other than in ...cash, the per Share value of such dividend, as determined in good faith by the Company), divided by (b) the average closing price of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, such record date. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Employee shall be increased by a number equal to the product of (1) the aggregate number of RSUs held by the Employee on the record date for such dividend, multiplied by (2) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In the case of any other change in the Shares occurring after the date hereof, the number of RSUs shall be adjusted as set forth in Section 4(b) of the Plan.View More
Variations of a "Dividends" Clause from Business Contracts
Dividends. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the Employee Participant shall, as of the record date for such dividend payment, payment date, be increased by a number of RSUs equal to: (a) the product of (x) the number of RSUs held by the Employee Participant as of such the related dividend record date, multiplied by (y) the per Share amount of any cash dividend (or, in ...the case of any dividend payable, payable in whole or in part, part other than in cash, the per Share value of such dividend, as determined in good faith by the Company), Committee), divided by (b) the average closing price Fair Market Value of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, payment date of such record date. dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Employee Participant shall be increased by a number equal to the product of (1) (a) the aggregate number of RSUs that are held by the Employee Participant on the related dividend record date for such dividend, date, multiplied by (2) (b) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In the case of any other change in the Shares occurring after the date hereof, the number of Any RSUs attributable to dividends under this Section 3 shall be adjusted as set forth subject to the vesting provisions provided in Section 4(b) of the Plan. 2. View More
Dividends. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the Employee Participant shall, as of the record date for such dividend payment, payment date, be increased by a number of RSUs equal to: (a) the product of (x) the number of RSUs held by the Employee Participant as of such the related dividend record date, multiplied by (y) the per Share amount of any cash dividend (or, in ...the case of any dividend payable, payable in whole or in part, part other than in cash, the per Share value of such dividend, as determined in good faith by the Company), Committee), divided by (b) the average closing price Fair Market Value of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, payment date of such record date. dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Employee Participant shall be increased by a number equal to the product of (1) (a) the aggregate number of RSUs that have been held by the Employee on Participant through the related dividend record date for such dividend, date, multiplied by (2) (b) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In For the case avoidance of doubt, any other change in the Shares occurring after the date hereof, the number of additional RSUs granted pursuant to this Section 3 shall be adjusted as set forth subject to the terms and conditions contained in Section 4(b) of the Plan. this Agreement. View More
Dividends. If on any date while RSUs PRSUs are outstanding the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs PRSUs granted to the Employee shall, as of the record date for such dividend payment, be increased by a number of RSUs PRSUs equal to: (a) the product of (x) the number of RSUs PRSUs held by the Employee as of such record date, multiplied by (y) the per Share amount of any cash dividend (or, in the case of any dividend payable, in whole or... in part, other than in cash, the per Share value of such dividend, as determined in good faith by the Company), divided by (b) the average closing price of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, such record date. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs PRSUs granted to the Employee shall be increased by a number equal to the product of (1) the aggregate number of RSUs PRSUs held by the Employee on the record date for such dividend, multiplied by (2) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In the case of any other change in the Shares occurring after the date hereof, the number of RSUs PRSUs shall be adjusted as set forth in Section 4(b) of the Plan. View More
Dividends. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the Employee Participant shall, as of the record date for such dividend payment, payment date, be increased by a number of RSUs equal to: (a) the product of (x) (i) the number of RSUs held by the Employee Participant as of such the related dividend record date, multiplied by (y) (ii) the per Share amount of any cash dividend... (or, in the case of any dividend payable, payable in whole or in part, part other than in cash, the per Share value of such dividend, as determined in good faith by the Company), Committee), divided by (b) the average closing price Fair Market Value of a Share on the Nasdaq Global Select Market on the twenty (20) trading days preceding, but not including, payment date of such record date. dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Employee Participant shall be increased by a number equal to the product of (1) (a) the aggregate number of RSUs held by the Employee on Participant through the related dividend record date for such dividend, date, multiplied by (2) (b) the number of Shares (including any fraction thereof) payable as a dividend on a Share. In Any additional RSUs granted to the case Participant pursuant to this Section 4 during the Performance Period or prior to 6 the Vesting Date shall also be subject to the vesting requirements of any Sections 1(c) and (d) and the other change terms and conditions contained in the Shares occurring after the date hereof, the number of RSUs shall be adjusted as set forth in Section 4(b) of the Plan. this Agreement. View More
