Cash Dividend Clause Samples

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 x SP0 SP0 - C where: NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 x SP0 SP0 - C where: NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and

Cash Dividend. In the event that the Subject Corporation declares and pays a dividend (whether regular, special, or otherwise, subject to “Other Actions” below) on the Underlying Shares in cash (a “Cash Dividend”), outstanding Trust Certificates will be treated as follows: Dividend Certificates: Each Registered Owner as of the Record Date of a Dividend Certificate will receive its pro rata share (less the Dividend Fee pursuant to Section 5.13(c) of the Agreement applicable to such Dividend Certificate type, any other expenses required to be paid by such Registered Owner to the Trust Administrator pursuant to the Agreement, and any taxes required to be withheld) as a Cash Distribution (as defined below) by the Trust Administrator of the aggregate amount of such Cash Dividend distributed to the Trust. Asset Certificates: Asset Certificates do not have any rights with respect to Cash Dividends and would receive no distribution or payment.

Cash Dividend. Prior to the declaration of the Special Distribution, Discover shall declare and distribute to MSDCI a cash dividend (the “Cash Dividend”) in an amount equal to the excess of Discover’s balance sheet capital over the estimated amount that is determined to be necessary as of the Distribution Time, based on ▇▇▇▇▇▇ ▇▇▇▇▇▇▇’▇ and Discover’s views (which will take into consideration, among other things, the amount of managed credit card receivables, deferred tax assets and intangible assets of the Discover Group) of underlying business risk, regulatory requirements and rating agency views.

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: where: NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If a dividend with respect to shares of Common Stock is payable in cash, then, as of the applicable dividend payment date, the Participant shall be credited with a right to receive a “Deferred Cash Dividend Equivalent” equal to (i) the cash dividend payable with respect to a share of Common Stock, multiplied by (ii) the number of Restricted Stock Units outstanding (i.e., the number of Restricted Stock Units granted hereunder less the number of such Restricted Stock Units that have settled in accordance with Section 5 below) on the applicable dividend record date.

Cash Dividend. If the Company pays any cash dividend to holders of Ordinary Shares or ADSs, it shall simultaneously pay to the Holder the amount by which any dividend that would have been payable in respect of the Warranty ADSs had this Warrant been exercised prior to the relevant record date for the payment of such cash dividend exceeds the Notional Interest Amount then accrued.

Cash Dividend. If a dividend with respect to shares of Common Stock is payable in cash, then, as of the applicable dividend payment date, the Executive shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend payable with respect to a share of Common Stock, multiplied by (ii) the number of Restricted Stock Units outstanding (i.e., the number of Restricted Stock Units granted hereunder less the number of such Restricted Stock Units that have settled in accordance with Section 6 below) on the applicable dividend record date, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date.

Cash Dividend. If the Company makes any cash dividend (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or any Transaction Consideration in a Reorganization Event or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which each Warrant is exercisable will be adjusted based on the following formula: NS' = NS0 x ▇▇▇ ▇▇▇ - C where, NS' = the number of Warrant Shares for which each Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which each Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Current Market Price per share of Common Stock ending on the last Trading Day immediately preceding the first date on which the Common Stock trade regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after the close of business, on the date for the determination of stockholders entitled to receive such cash dividend. No adjustment shall be made pursuant to this Section 5.1(e) which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of the Warrants. To the extent such distribution is not so paid or made, the number of Warrant Shares will be readjusted to the number that would then be in effect had the adjustment been made on the basis of only the distribution, if any, actually made or paid.