Dividend Equivalent Rights. As of any date that the Corporation pays an ordinary cash dividend on its Common Stock, the Corporation shall pay the Participant an amount equal to the per share cash dividend paid by the Corporation on its Common Stock on such date multiplied by the number of Stock Units remaining subject to this Award as of the related dividend payment record date. No such payment shall be made with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.
Appears in 8 contracts
Samples: Neo Retentive Ltip Rsu Agreement (Hcp, Inc.), Restricted Stock Unit Award Agreement (Hcp, Inc.), Restricted Stock Unit Award Agreement (Hcp, Inc.)
Dividend Equivalent Rights. As of any date that the Corporation pays an ordinary cash dividend on its Common Stock, the Corporation shall pay the Participant an amount equal to the per share cash dividend paid by the Corporation on its Common Stock on such date multiplied by the number of Stock Units remaining subject to this the Award as of the related dividend payment record date. No such payment shall be made with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.
Appears in 3 contracts
Samples: Retentive Restricted Stock Unit Agreement (Healthpeak Properties, Inc.), Retentive Ltip Rsu Agreement (Hcp, Inc.), Retentive Ltip Rsu Agreement (Hcp, Inc.)
Dividend Equivalent Rights. As of any date that the Corporation pays an ordinary cash dividend on its Common Stock, the Corporation shall pay the Participant Director an amount equal to the per share cash dividend paid by the Corporation on its Common Stock on such date multiplied by the number of Stock Units remaining subject to this Award as of the related dividend payment record date. No such payment shall be made with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Hcp, Inc.), Non Employee Director Rsu Agreement (Hcp, Inc.)
Dividend Equivalent Rights. As of any date that the Corporation Company pays an ordinary cash dividend on its Common Stock, the Corporation Company shall pay the Participant Director an amount equal to the per share cash dividend paid by the Corporation Company on its Common Stock on such date multiplied by the number of Stock Units remaining subject to this Award as of the related dividend payment record date. No such payment shall be made with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8.
Appears in 1 contract
Samples: Non Employee Director Restricted Stock Unit Award Agreement (Healthpeak Properties, Inc.)
