Common use of Additional Credits Clause in Contracts

Additional Credits. Prior to settlement in accordance with Section 6(a) hereof, additional Dividend Equivalents will be credited to the Employee’s Account to the extent Performance Shares in excess of the Target Number are settled so that Employee is credited for Dividend Equivalents on the excess Performance Shares on the same basis they would have been had the excess Performance Shares been credited to Employee’s Account as of the relevant earlier date.

Appears in 4 contracts

Samples: Performance Shares Agreement (New Jersey Resources Corp), New Jersey Resources Corporation (New Jersey Resources Corp), New Jersey Resources (New Jersey Resources Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.