Payment of Dividend Equivalents Clause Example with 7 Variations from Business Contracts

This page contains Payment of Dividend 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.
Payment of Dividend Equivalents. With respect to each of the RSUs covered by this Agreement, Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee receives payment for the RSUs pursuant to Section 6 hereof or at the time when the RSUs are forfeited in accordance with Section 5 of t...his Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as the RSUs for which the dividend equivalents were credited. View More
Found in TimkenSteel Corporation contract

Variations of a "Payment of Dividend Equivalents" Clause from Business Contracts

Payment of Dividend Equivalents. With respect to each of the RSUs Performance Shares covered by this Agreement, Grantee the Holder shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee the Holder receives payment for the RSUs Performance Shares pursuant to Section 6 hereof or at the time w...hen the RSUs Performance Shares are forfeited in accordance with Section 5 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid in the form of Common Shares at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) manner as the RSUs Performance Shares for which the dividend equivalents were credited. credited, based on the Market Value per Share on the trading day immediately preceding the date of payment. View More
Found in 2 Contracts from SITE Centers Corp.
Payment of Dividend Equivalents. With respect to each of the RSUs PRSUs covered by this Agreement, Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee receives payment for the RSUs PRSUs pursuant to Section 6 hereof or at the time when the RSUs PRSUs are forfeited in accordance w...ith Section 5 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as the RSUs PRSUs for which the dividend equivalents were credited. In the event such Review Period begins in 1 taxable year of the Grantee, and ends in a 2nd taxable year of the Grantee, then to the extent necessary to avoid any penalties or additional taxes under Section 409A of the Code, no payment shall be made before the 2nd taxable year. View More
Found in 2 Contracts from Timken Co
Payment of Dividend Equivalents. With respect to each of the RSUs PRSUs covered by this Agreement, Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee receives payment for the RSUs PRSUs pursuant to Section 6 hereof or at the time when the RSUs PRSUs are forfeited in accordance w...ith Section 5 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as the RSUs PRSUs for which the dividend equivalents were credited. In the event such Review Period begins in one taxable year of Grantee, and ends in a second taxable year of Grantee, then to the extent necessary to avoid any penalties or additional taxes under Section 409A of the Code, no payment shall be made before the second taxable year. View More
Found in 2 Contracts from Timken Co
Payment of Dividend Equivalents. With respect to each of the RSUs covered by this Agreement, Grantee the Participant shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per share of Common Share Stock of any cash dividends declared by the Board on the outstanding shares of Common Shares Stock during the period beginning on the Date of Grant and ending either on the date on which Grantee the Participant receives payment for the RSUs pursuant to Section 6 hereof or at the tim...e when the RSUs are forfeited in accordance with Section 5 7 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be deferred until, and paid at contingent upon, the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as vesting of the RSUs for which the dividend equivalents were credited. View More
Found in Cibus Global, Ltd. contract
Payment of Dividend Equivalents. With respect to each of the RSUs PRSUs covered by this Agreement, Grantee the Holder shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending either on the date on which Grantee the Holder receives payment for the RSUs PRSUs pursuant to Section 6 hereof or at the time when the RSUs PRSUs are for...feited in accordance with Section 5 of this Agreement. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid in the form of Common Shares at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) manner as the RSUs PRSUs for which the dividend equivalents were credited. credited, based on the Market Value per Share on the trading day immediately preceding the date of payment. View More
Found in SITE Centers Corp. contract
Payment of Dividend Equivalents. With respect to each of the RSUs covered by this Agreement, the Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share Stock of any cash dividends declared by the Board on the outstanding Common Shares Stock during the period beginning on the Date of Grant and ending either on the date on which the Grantee receives payment for the RSUs pursuant to Section 6 hereof or at the time when the RSUs are forfeited in accordance... with Section 5 of this Agreement. hereof. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) Stock as the RSUs for which the dividend equivalents were credited. View More
Found in Mercantil Bank Holding Corp contract
Payment of Dividend Equivalents. With respect to each of the RSUs covered by this Agreement, the Grantee shall be credited on the records of the Company with dividend equivalents in an amount equal to the amount per Common Share Stock of any cash dividends declared by the Board on the outstanding Common Shares Stock during the period beginning on the Date of Grant and ending either on the date on which the Grantee receives payment for the RSUs pursuant to Section 6 hereof or at the time when the RSUs are forfeited in accordance... with Section 5 of this Agreement. hereof. These dividend equivalents will accumulate without interest and, subject to the terms and conditions of this Agreement, will be paid at the same time, to the same extent and in the same manner, in cash or Common Shares (as determined by the Committee) as the RSUs for which the dividend equivalents were credited. View More
Found in Mercantil Bank Holding Corp contract