Common use of Dividend Equivalent Rights Distributions Clause in Contracts

Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common Stock, the Company shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividend. Any Dividend Equivalents credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment and other terms, conditions and restrictions applicable to the Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents shall be paid in cash. No crediting of Dividend Equivalents shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Paragraph 8 or forfeited pursuant to the terms of this Award.

Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common StockShares, the Company shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock Shares on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividend. Any Dividend Equivalents credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment and other terms, conditions and restrictions applicable to the Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents shall be paid in cash. No crediting of Dividend Equivalents shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Paragraph 8 or forfeited pursuant to the terms of this Award.

Dividend Equivalent Rights Distributions. As of any date that the Company Corporation pays an ordinary cash dividend on its Common Stock, the Company Corporation shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company Corporation on its Common Stock on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 14 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividenddividend (a “Dividend Equivalent Right”). Any Dividend Equivalents Equivalent Rights credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment withholding and other terms, conditions and restrictions applicable to as the original Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalents Equivalent Rights shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Paragraph 8 7 or forfeited pursuant to the terms of this Award.

Dividend Equivalent Rights Distributions. As of any date that the Company Corporation pays an ordinary cash dividend on its Common Stock, the Company Corporation shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company Corporation on its Common Stock on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 14 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividenddividend (a “Dividend Equivalent Right”). Any Dividend Equivalents Equivalent Rights credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment and other terms, conditions and restrictions applicable to the Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalents Equivalent Rights shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Paragraph 8 or forfeited pursuant to the terms of this Award.

Dividend Equivalent Rights Distributions. As of any date that the Company Corporation pays an ordinary cash dividend on its Common Stock, the Company Corporation shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company Corporation on its Common Stock on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 14 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividenddividend (a “Dividend Equivalent Right”). Any Dividend Equivalents Equivalent Rights credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment and other terms, conditions and restrictions applicable to the Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalents Equivalent Rights shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Paragraph 8 7 or forfeited pursuant to the terms of this Award.

Dividend Equivalent Rights Distributions. As of any date that the Company Corporation pays an ordinary cash dividend on its Common Stock, the Company Corporation shall credit the Participant with Dividend Equivalents in a dollar amount equal to (i) the per share cash dividend paid by the Company Corporation on its Common Stock on such date, multiplied by (ii) the total number of Restricted Stock Units (with such total number adjusted pursuant to Section 12.2 14 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividenddividend (a “Dividend Equivalent Right”). Any Dividend Equivalents Equivalent Rights credited pursuant to the foregoing provisions of this Paragraph 6(b) shall be subject to the same vesting, payment, tax withholding, forfeiture, repayment withholding and other terms, conditions and restrictions applicable to as the original Restricted Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalents Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalents Equivalent Rights shall be made pursuant to this Paragraph 6(b) with respect to any Restricted Stock Units which, immediately prior to the record date for that dividend, have either been paid settled pursuant to Paragraph 8 or forfeited pursuant to the terms of this Award.