Common use of Dividend Payments Clause in Contracts

Dividend Payments. With respect to any unvested portion of the Award Shares, the Executive shall be entitled to receive a payment equal to the amount that would otherwise have been paid on or after the date hereof as dividends or other distributions on the Award Shares had such unvested portion been vested in the Executive as of the record date for such dividend or other distribution, provided such payment shall only be made to the Executive at the time of vesting of the unvested portion of the Award Shares on which such dividend or other distribution was paid.

Appears in 5 contracts

Samples: Restricted Share Award Agreement (Vector Group LTD), Restricted Share Award Agreement (Vector Group LTD), Restricted Share Award Agreement (Vector Group LTD)

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Dividend Payments. With respect to any unvested portion of the Award Shares, the Executive shall be entitled to receive a payment equal to the amount that would otherwise have been paid on or after the date hereof Effective Date as dividends or other distributions on the Award Shares had such unvested portion been vested in the Executive as of the record date for such dividend or other distribution, provided such payment shall only be made to the Executive at the time of vesting of the unvested portion of the Award Shares on which such dividend or other distribution was paid.

Appears in 1 contract

Samples: Restricted Share Agreement (New Valley Corp)

Dividend Payments. With respect to any unvested portion of the Award Shares, the Executive shall be entitled to receive a payment equal to the amount all dividends or other distributions, if any, that would otherwise have been paid on or after the date hereof as dividends or other distributions on the made with respect to such Award Shares had such unvested portion been vested in the Executive as of the record date for such dividend or other distribution, provided such payment shall only be made to the Executive at the time of vesting of the unvested portion of the Award Shares on which such dividend or other distribution was paid.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Vector Group LTD)

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Dividend Payments. With respect to any unvested portion of the Award Shares, the Executive shall be entitled to receive a payment equal to the amount all dividends or other distributions, if any, that would otherwise have been paid on or after the date hereof as dividends or other distributions on the made with respect to such Award Shares had such unvested portion been vested in the Executive as of the record date for such dividend or other distribution, provided such payment shall only be made to the Executive at the time of vesting of the unvested portion of the Award Shares on which such dividend or other distribution was paid. .

Appears in 1 contract

Samples: Restricted Share Award Agreement (Vector Group LTD)

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