Common use of DIVIDENDS, DISTRIBUTIONS Clause in Contracts

DIVIDENDS, DISTRIBUTIONS. The Company shall pay to the Employee any dividends or other distributions payable with respect to the Restricted Stock, notwithstanding the Restrictions, beginning on the date hereof but not beyond the date of any forfeiture thereof pursuant to the provisions of paragraph 3.

Appears in 6 contracts

Sources: Employment Agreement (Florida East Coast Industries Inc), Employment Agreement (Florida East Coast Industries Inc), Employment Agreement (Florida East Coast Industries Inc)

DIVIDENDS, DISTRIBUTIONS. The Company Corporation shall pay to the Employee any dividends or other distributions payable with respect to the Restricted Stock, notwithstanding the Restrictions, beginning on the date hereof but not beyond the date of any forfeiture thereof pursuant to the provisions of paragraph 3.

Appears in 5 contracts

Sources: Restricted Stock Agreement (Florida East Coast Industries, Inc.), Restricted Stock Agreement (Florida East Coast Industries, Inc.), Employment Agreement (Florida East Coast Industries Inc)