After Record Date Sample Clauses
The "After Record Date" clause defines the rights or actions that may occur following a specified record date, which is typically the cutoff date for determining which parties are entitled to certain benefits or obligations, such as dividends or voting rights. In practice, this clause clarifies what transactions, entitlements, or changes are permitted or restricted after the record date has passed; for example, it may specify that only shareholders of record as of that date can vote at an upcoming meeting, regardless of subsequent share transfers. The core function of this clause is to ensure certainty and fairness by establishing a clear point in time for determining rights or responsibilities, thereby preventing disputes over eligibility or entitlement after the record date.
After Record Date. Except as otherwise provided in Section 5.4(a) (Termination for Cause), Section 5.6 (Clawback, Adjustment or Recoupment), or Section 14.9 (Applicable Law; Clawback, Adjustment or Recoupment), if the termination of the right to ongoing Dividend Equivalents occurs after the dividend record date for a quarter but before the related dividend payment date, the Corporation will nonetheless make such a quarterly dividend equivalents payment to Grantee with respect to that record date, if any. Suspensions. Where payment of Dividend Equivalents that would otherwise be made is suspended pursuant to Section 5.3 or pursuant to Section 5.5 pending resolution of a potential forfeiture of the Restricted Share Units, then such payment will be made only if and when the suspension is resolved favorable to Grantee and the Restricted Share Units are not forfeited. No interest will be paid with respect to any suspended payments. If the suspension is resolved adverse to Grantee, both the Restricted Share Units and any suspended Dividend Equivalents payments will be forfeited without payment.