Dividend Equivalent Units. If an award vests, Grantee shall also receive an amount equal to the dividends that would have been paid on such Shares had Grantee held such Shares from the date of grant through the date the Shares become deliverable. Such dividend equivalent amount shall be delivered in Shares based on the Fair Market Value of a Share on the date of the payment of the dividend.
Appears in 12 contracts
Samples: Cycle Agreement (Lincoln National Corp), Cycle Agreement (Lincoln National Corp), Cycle Agreement (Lincoln National Corp)