Common use of Dividend Equivalent Payments Clause in Contracts

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such date, payable on the tenth (10th) day of March, June, September, and December, equal to dividends declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent shall be equal to the amount of the regular quarterly dividend paid in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s leave of absence.

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such record date, . The dividend equivalent payment shall be payable on the tenth (10th) day of March, June, September, and December, . Each dividend equivalent shall be equal to dividends the regular quarterly dividend declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent Stock and shall be equal to the amount of the regular quarterly dividend paid in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s leave of absence.

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such record date, payable on the tenth (10th) day of March, June, September, and December, . Each dividend equivalent shall be equal to dividends the regular quarterly dividend declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent shall be equal to , and payable on or about the amount of date on which the Corporation pays the regular quarterly dividend paid on its Common Stock in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s leave of absence.

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such date, payable on the tenth (10th) day of March, June, September, and December, equal to dividends declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent shall be equal to the amount of the regular quarterly dividend paid in accordance with the Corporation’s 's normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s 's leave of absence.

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash dividend equivalent payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such record date, payable on the tenth (10th) day of March, June, September, and December, . Each dividend equivalent shall be equal to dividends the regular quarterly dividend declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent shall be equal to , and payable on or about the amount of date on which the Corporation pays the regular quarterly dividend paid on its Common Stock in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s leave of absence.

Dividend Equivalent Payments. Except as otherwise provided herein, the Corporation shall make to a Participant who holds Restricted Stock Units on the declared record date a cash payment on the number of shares of Common Stock represented by the Restricted Stock Units held by Participant on such record date, . The dividend equivalent payment shall be payable on or about the tenth (10th) day of March, June, September, and December, . Each dividend equivalent shall be equal to dividends the regular quarterly dividend declared by the Board of Directors of the Corporation and paid on Common Stock. Each dividend equivalent Stock and shall be equal to the amount of the regular quarterly dividend paid in accordance with the Corporation’s normal dividend payment practice as may be determined by the Committee, in its sole discretion. Dividend equivalent payments shall not be made during a Participant’s leave of absence.