Common use of Dividends; Rights as Stockholder Clause in Contracts

Dividends; Rights as Stockholder. Each PSU is granted, together with Dividend Equivalent Rights, with respect to the payment of cash dividends on Stock during the period beginning on the Grant Date and ending, with respect to each share subject to the PSUs, on the earlier of the date the PSUs are settled or the date on which it is terminated. Dividend Equivalent Rights, if any, shall be paid in the form of cash or with additional whole PSUs as of the date of payment of such cash dividends on Stock (which, for the avoidance of doubt, shall be made (if at all) at the same time payments are made for the PSUs originally subject to this PSU Agreement), as determined by the Committee. The number of additional PSUs, if any, to be credited shall be determined in accordance with the terms of the Plan. Such cash amount or additional PSUs shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as the PSUs originally subject to this PSU Agreement. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares covered by the PSUs until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company).

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD), Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)

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Dividends; Rights as Stockholder. Each PSU RSU is granted, together with Dividend Equivalent Rights, with respect to the payment of cash dividends on Stock during the period beginning on the Grant Date and ending, with respect to each share subject to the PSUsRSUs, on the earlier of the date the PSUs RSUs are settled or the date on which it is terminated. Dividend Equivalent Rights, if any, shall be paid in the form of cash or with additional whole PSUs RSUs as of the date of payment of such cash dividends on Stock (which, for the avoidance of doubt, shall be made (if at all) at the same time payments are made for the PSUs RSUs originally subject to this PSU RSU Agreement), as determined by the Committee. The number of additional PSUsRSUs, if any, to be credited shall be determined in accordance with the terms of the Plan. Such cash amount or additional PSUs RSUs shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as the PSUs RSUs originally subject to this PSU RSU Agreement. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares covered by the PSUs RSUs until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company).

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD), Restricted Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)

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Dividends; Rights as Stockholder. Each PSU RSU is granted, together granted with Dividend Equivalent Rights, Rights with respect to the payment of cash dividends on Stock during the period beginning on the Grant Date and ending, with respect to each share subject to the PSUsRSUs, on the earlier of the date the PSUs RSUs are settled or the date on which it is terminated. Dividend Equivalent Rights, if any, shall be paid in the form of cash or with additional whole PSUs RSUs as of the date of payment of such cash dividends on Stock (which, for the avoidance of doubt, shall be made (if at all) at the same time payments are made for the PSUs RSUs originally subject to this PSU RSU Agreement), as determined by the Committee. The number of additional PSUsRSUs, if any, to be credited shall be determined in accordance with the terms of the Plan. Such cash amount or additional PSUs RSUs shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as the PSUs RSUs originally subject to this PSU RSU Agreement. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares covered by the PSUs RSUs until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company).

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)

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