Dividend Units. Dividend units shall be credited to the Director with regard to the Stock Units. Dividend units shall be calculated based on the dividends paid on shares of Common Stock. Dividend units shall be deemed to be reinvested in shares of Common Stock as of the date dividends are paid on Common Stock, shall be paid to the Director at the same time and in the same form as Stock Units are paid to the Director, and are subject to the same terms and conditions as the Stock Units, including, without limitation, the same vesting requirements.
Dividend Units. Prior to vesting and settlement of the Restricted Stock Units, the Restricted Stock Units shall accrue Dividend Units in accordance with, and as defined in, Section 1(c) of the Terms and Conditions. By signing below, the Participant agrees that this Restricted Stock Unit Award is granted under and governed by the terms and conditions of the Agreement and the Plan. [Participant Name]«Participant» Annie’s, Inc. By: Title: Date: Date: , 20 Exhibit H TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AWARD These Terms and Conditions of Restricted Stock Unit Award relate to the Notice of Grant of Restricted Stock Unit Award attached hereto (the “Notice”, and collectively with these Terms and Conditions, the “Agreement”), by and between the Annie’s Inc. (the “Company”) and the Participant designated in the Notice. The Committee has approved an award to the Participant under the Company’s Omnibus Incentive Plan, as may be amended from time to time (the “Plan”) of the number of Restricted Stock Units set forth in the Notice representing the right to receive a corresponding number of shares of the Company’s Common Stock (“Shares”) in the future subject to the terms, conditions and restrictions set forth in the Agreement. For purposes of the Agreement, any reference to the Company shall include a reference to any Subsidiary or Affiliate.
Dividend Units. In the event a cash dividend is paid on the Common Stock while the Employee holds undistributed Restricted Stock Units pursuant to this Award that have not been forfeited, whether or not then vested, the Corporation shall credit to the account of the Employee an additional fractional unit representing a fictional interest in a share of Common Stock (a “Dividend Unit”) with respect to each such Restricted Stock Unit, with a numerator equal to the amount of the per share cash dividend declared on the Common Stock and a denominator equal to the closing price of a share of Common Stock on the New York Stock Exchange on the date the cash dividend is paid. Dividend Units shall be subject to all other terms and conditions of this Agreement, provided that no additional Dividend Units shall be credited with respect to outstanding Dividend Units.
Dividend Units. If on any date while RSUs are outstanding hereunder, the Company pays any dividend on shares of Common Stock (other than a dividend payable in shares of Common Stock), the number of RSUs granted to the Participant shall, as of such dividend payment date, be increased by a number of RSUs equal to: (a) the product of (i) the number of RSUs held by the Participant as of the related dividend record date, multiplied by (ii) a dollar amount equal to the per share amount of any cash dividend, divided by (b) the Fair Market Value of a share of Common Stock on the payment date of such dividend. In the case of any dividend declared on shares of Common Stock that is payable in the form of shares of Common Stock, the number of RSUs granted to the Participant shall be increased by a number equal to the product of (A) the aggregate number of RSUs that have been held by the Participant through the related dividend record date, multiplied by (B) the number of shares of Common Stock (rounded up to the nearest whole share) payable as a dividend on a share of Common Stock. Additional RSUs granted pursuant to this Section 3 shall be subject to the vesting provisions and other terms and conditions as the RSUs to which they relate and shares of Common Stock shall be transferred with respect to all additional RSUs granted pursuant to this Section 3 at the same time as such whole shares of Common Stock are transferred with respect to the RSUs to which such additional RSUs were attributable.
Dividend Units. The amount of dividends paid per share on the Common Stock will be determined from January 1, [___] through the Determination Date, the date of the Participant’s death under Section 4.1, the date of the Participant’s termination of employment under Sections 4.2 to 4.5, or the date of the Change in Control under Section 4.7. Such amount, multiplied by the number of Earned Shares, will be paid in cash to the Participant during the first payroll period following the Payment Date, or the applicable date of payment under Sections 4.1 and 4.7.
Dividend Units. Any dividend paid, whether in cash or otherwise, on the shares of F.N.B. common stock between the Grant Date and the date the Vested Amount is to be paid to Participant in accordance with Section 7 herein, subject to the vesting requirements described herein, shall be converted into additional Restricted Stock Units and upon vesting, shall be distributed to Participant in accordance with Section 7 herein. Any Restricted Stock Units resulting from the conversion of these dividend amounts (“Dividend Units”) will be considered Restricted Stock Units for purposes of this Agreement and will be subject to all the terms, conditions and restrictions set forth herein. All Dividend Units shall be subject to the same vesting requirements applicable to the Restricted Stock Units in respect of which they were credited and shall be payable in accordance with Section 7 of this Agreement. Each Dividend Unit shall be rounded to the nearest whole Dividend Unit.
Dividend Units. Beginning on the Award Date, a "Dividend Unit", equal in amount to the dividends paid on a share of Stock, will be accrued on the books of the Company at the same time and in the same amount actual dividends are paid to owners of Stock (the "Dividend Date"), whether in the form of Stock, cash or other property. Dividend Units will be allocated to the Share Units to which such Dividend Units relate and the vesting restrictions on such Share Units will also apply to its corresponding Dividend Units. If the Company pays a cash dividend to owners of Stock, then, on the Dividend Date, the Company shall credit as Dividend Units share units equal to the amount of such dividend divided by the Fair Market Value (as defined in Section 4(a)(i)) of a share of Stock on the Dividend Date. If the Company pays a dividend to owners of its Stock in a form other than cash or its Stock (referred to herein as "Other Property"), then a Dividend Unit shall be credited with units of the Other Property, the value of which shall be determined by reference to the Fair Market Value of Other Property (defined below). (c)
Dividend Units. Beginning on the Award Date, Dividend Units (in an amount equal to dividends paid on Shares) will be accrued on the books of the Corporation at the same time that actual dividends are paid to owners of Shares. Interest will accrue in arrears and will be credited on the books of the Corporation at the same rate used under the Corporation's deferred compensation plans. Dividend Units and the interest thereon will be paid in cash when the Share Units vest, unless otherwise deferred pursuant to Section 8 of this Agreement.
Dividend Units. Dividend units shall be credited to the Director with regard to the Stock Units. Dividend units shall be calculated based on the dividends paid on shares of Common Stock. Dividend units shall be deemed to be reinvested in shares of Common Stock as of the date dividends are paid on Common Stock, shall be paid to the Director at the same time and in the same form as Stock Units are paid to the Director and are subject to the same terms and conditions as the Stock Units, including, without limitation, the same vesting requirements. The Spin-Off described in Section 14 shall not be treated as an event that triggers the crediting of a dividend unit.
Dividend Units. If on any date while Target PSUs are outstanding hereunder, the Company pays any dividend on shares of Common Stock (other than a dividend payable in shares of Common Stock), the number of Target PSUs granted to the Participant shall, as of such dividend payment date, be increased by a number of Target PSUs equal to: (a) the product of (i) the number of Target PSUs held by the Participant as of the related dividend record date, multiplied by (ii) a dollar amount equal to the per share amount of any cash dividend, divided by (b) the Fair Market Value of a share of Common Stock on the payment date of such dividend. In the case of any dividend declared on shares of Common Stock that is payable in the form of shares of Common Stock, the number of Target PSUs granted to the Participant shall be increased by a number equal to the product of (A) the aggregate number of Target PSUs that have been held by the Participant through the related dividend record date, multiplied by (B) the number of shares of Common Stock (rounded up to the nearest whole share) payable as a dividend on a share of Common Stock. Additional Target PSUs granted pursuant to this Section 3 shall be subject to the vesting provisions and other terms and conditions as the Target PSUs to which they relate and shares of Common Stock shall be transferred with respect to all additional Target PSUs granted pursuant to this Section 3 at the same time as such whole shares of Common Stock are transferred with respect to the Target PSUs to which such additional Target PSUs were attributable. For the avoidance of doubt, for purposes of this, the number of Target PSUs held by the Participant as of an applicable dividend record date shall be deemed to the aggregate number of additional PSUs (if any) previously credited to the Participant pursuant to this Section in respect of any prior dividend declared on a share of Common Stock since the Grant Date.
