Additional Delivery. Within 2½ months of the date the PSUs have been vested pursuant to this Award Agreement, the Company shall pay to the Grantee a dividend equivalent equal to the aggregate per share cash dividends with respect to all cash dividend record dates that fall between the Award Date and the Vesting Date, multiplied by the number of PSUs that vest as of such Vesting Date (without interest). The Company may withhold from any payment that it is required to make under this Award Agreement amounts sufficient to satisfy applicable withholding requirements under any federal, state, local or foreign law due in connection with this Award or the payment described in this Section. No dividends shall be paid to the Grantee with respect to any Restricted Stock Unit that does not vest and is forfeited by Grantee.
Appears in 3 contracts
Sources: Long Term Performance Based Restricted Stock Unit Award Agreement (Methode Electronics Inc), Long Term Performance Based Restricted Stock Unit Award Agreement (Methode Electronics Inc), Long Term Performance Based Restricted Stock Unit Award Agreement (Methode Electronics Inc)
Additional Delivery. Within 2½ two and one-half months of the date the PSUs RSUs have been vested pursuant pursuant to this Award Award Agreement, the Company shall pay to the Grantee a dividend equivalent equal equal to the aggregate per share share cash dividends with respect to all cash dividend record dates that fall fall between the Award Date Date and the relevant Vesting Date, Date multiplied by the number of PSUs that RSUs that vest as as of such Vesting Date (without interest). The Company may withhold from any any payment that it it is required to make under this Award Agreement amounts sufficient to satisfy applicable withholding applicable withholding requirements under any federal, state, local or foreign law due in connection with this this Award or or the payment described in this Section. No dividends shall be paid to the Grantee with with respect to to any Restricted Stock Unit that does not vest and is forfeited by Grantee.the Grantee.
Appears in 3 contracts
Sources: Long Term Time Based Restricted Stock Unit Award Agreement (Methode Electronics Inc), Restricted Stock Unit Award Agreement (Methode Electronics Inc), Restricted Stock Unit Award Agreement (Methode Electronics Inc)
Additional Delivery. Within 2½ two and one-half months of the date the PSUs have been vested pursuant to this Award Agreement, the Company shall pay to the Grantee a dividend equivalent equal to the aggregate per share cash dividends with respect to all cash dividend record dates that fall between the Award Date and the Vesting Date, multiplied by the number of PSUs that vest as of such Vesting Date (without interest). The Company may withhold from any payment that it is required to make under this Award Agreement amounts sufficient to satisfy applicable withholding requirements under any federal, state, local or foreign law due in connection with this Award or the payment described in this Section. No dividends shall be paid to the Grantee with respect to any Restricted Stock Unit PSU that does not vest and is forfeited by Grantee.
Appears in 1 contract
Sources: Performance Based Restricted Stock Unit Award Agreement (Methode Electronics Inc)