Common use of Additional Delivery Clause in Contracts

Additional Delivery. Within two and one-half months of the date the RSUs have vested ‎pursuant to this ‎Award Agreement, the Company shall pay to 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 relevant Vesting Date multiplied by the number of RSUs ‎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 Grantee ‎with respect ‎to any RSU that does not vest and is forfeited by Grantee‎.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (Methode Electronics Inc), Restricted Stock Unit Award Agreement (Methode Electronics Inc)