Common use of Dividend Equivalents Clause in Contracts

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 24 contracts

Samples: Amn Healthcare Equity Plan Restricted Stock Unit Agreement (Amn Healthcare Services Inc), Restricted Stock Unit Agreement (Amn Healthcare Services Inc), Amn Healthcare Equity Plan Restricted Stock Unit Agreement (Amn Healthcare Services Inc)

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Dividend Equivalents. (a) If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs Restricted Stock Units credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs Restricted Stock Units to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) Restricted Stock Units credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 4 contracts

Samples: Phase Forward Incorporated 2004 (Phase Forward Inc), Restricted Stock Unit Award Agreement (Athenahealth Inc), Restricted Stock Unit Award Agreement (Lemaitre Vascular Inc)

Dividend Equivalents. (a) If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee on such dividend payment date; X = the aggregate number of vested RSUs (whether vested or unvested) credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 3 contracts

Samples: Deferred Stock Award Agreement (Harvard Apparatus Regenerative Technology, Inc.), Deferred Stock Award Agreement (Harvard Bioscience Inc), Deferred Stock Award Agreement (Harvard Apparatus Regenerative Technology, Inc.)

Dividend Equivalents. (a) If on any date the Company shall pay any cash dividend on shares of Stock of the CompanyStock, the number of RSUs Deferred Stock Units credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs Deferred Stock Units to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) Deferred Stock Units credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 1 contract

Samples: Deferred Stock Unit Agreement (Progress Software Corp /Ma)

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Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: EXHIBIT 10.3 W = the number of additional RSUs to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 1 contract

Samples: Amn Healthcare Equity Plan Restricted Stock Unit Agreement (Amn Healthcare Services Inc)

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee Participant shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee Participant on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee Participant as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Arbinet Thexchange Inc)

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