Common use of Reinvested Dividend Equivalent Share Units Clause in Contracts

Reinvested Dividend Equivalent Share Units. If dividends are paid on Common Stock during the Vesting Period while the award is outstanding, you will receive on the vesting date additional units representing shares of Common Stock as calculated in this section. The number, if any, will be based on the dividends that would have been paid during the Vesting Period as of each dividend payment date on the actual number of shares of Common Stock distributable to you resulting from the vesting of the PSUs, if any, and treated as reinvested in additional shares of Common Stock on each dividend payment based on the Fair Market Value of one share of Common Stock on each dividend payment date (“Reinvested Dividend Equivalent Share Units”).

Appears in 5 contracts

Samples: Award Agreement (Jpmorgan Chase & Co), Award Agreement (Jpmorgan Chase & Co), Award Agreement (Jpmorgan Chase & Co)

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