Common use of Dividend Equivalents; Voting and Other Rights Clause in Contracts

Dividend Equivalents; Voting and Other Rights. Grantee shall have no rights of ownership in the shares of Common Stock underlying the Restricted Stock Units and shall have no right to vote such shares of Common Stock until the date on which the shares of Common Stock are transferred to Grantee pursuant hereto. Dividend equivalents will be paid in cash on the shares of Common Stock underlying the Restricted Stock Units and shall be deferred (with no earnings accruing) until and paid contingent upon the earning of the related Restricted Stock Units and paid at the same time the underlying shares are transferred to Grantee.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Axiall Corp/De/), Ebitda Based Restricted Stock Unit Agreement (Axiall Corp/De/), Restricted Stock Unit Agreement (Axiall Corp/De/)

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Dividend Equivalents; Voting and Other Rights. Grantee shall have no rights of ownership in the shares of Common Stock underlying the Restricted Stock Units PRSUs and shall have no right to vote such shares of Common Stock until the date on which the shares of Common Stock are transferred to Grantee pursuant hereto. Dividend equivalents will be paid in cash on the shares of Common Stock underlying the Restricted Stock Units PRSUs and shall be deferred (with no earnings accruing) until and paid contingent upon the earning of the related Restricted Stock Units PRSUs and paid at the same time the underlying shares are transferred to the Grantee.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Axiall Corp/De/), TSR Based Performance Restricted Stock Unit Agreement (Axiall Corp/De/)

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