Dividends to be Sample Clauses
The "Dividends to be" clause defines the rules and conditions under which dividends are declared and distributed to shareholders. Typically, this clause outlines the timing, calculation, and eligibility criteria for dividend payments, such as specifying whether dividends are paid out of profits, at the discretion of the board, or according to a fixed schedule. Its core practical function is to provide clarity and predictability regarding shareholder entitlements to dividends, thereby reducing disputes and ensuring transparent financial management.
Dividends to be paid in accordance with number of shares
Dividends to be. Paid in Accordance with Number of Shares. All dividends on shares of any class or series of shares must be declared and paid according to the number of such shares held.
Dividends to be paid in accordance with number of shares. Subject to the rights of shareholders, if any, holding shares with special rights as to dividends, all dividends on shares of any class or series of shares must be declared and paid according to the number of such shares held. If several persons are’ joint shareholders of any share, any one of them may give an effective receipt for any dividend, bonus or other money payable in respect of the share.