Common use of Dividend Equivalent Rights Distributions Clause in Contracts

Dividend Equivalent Rights Distributions. As of any date that the Corporation pays an ordinary cash dividend on its Class B Common Shares, the Corporation shall credit the Participant with an additional number of Share Units equal to (i) the per share cash dividend paid by the Corporation on its Class B Common Shares on such date, multiplied by (ii) the total number of Share Units (including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to Section 7.1 of the Plan) subject to the Award as of the related dividend payment record date, divided by (iii) the fair market value of a Class B Common Share on the date of payment of such dividend. Any Share Units credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Share Units to which they relate. No crediting of Share Units shall be made pursuant to this Section 5(b) with respect to any Share Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.

Dividend Equivalent Rights Distributions. As of any date that the Corporation pays an ordinary cash dividend on its Class B Common SharesStock, the Corporation shall credit the Participant Executive with an additional number of Share Stock Units equal to (i) the per share cash dividend paid by the Corporation on its Class B Common Shares Stock on such date, multiplied by (ii) the total number of Share Stock Units (including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to Section 7.1 of the PlanPlan and/or Section 9 hereof) subject to the Award as of the related dividend payment record date, divided by (iii) the fair market value Fair Market Value of a Class B share of Common Share Stock on the date of payment of such dividend. Any Share Stock Units credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Share Stock Units to which they relate. No crediting of Share Stock Units shall be made pursuant to this Section 5(b) with respect to any Share Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. Not less frequently than once per annum, the Corporation shall provide the Executive with a statement of the total number of Stock Units which are subject to this Award.