Common use of Dividends; Voting Rights Clause in Contracts

Dividends; Voting Rights. As the owner of record of any Restricted Shares you qualify to receive pursuant to this Award Agreement, you will be entitled to receive cash dividends and to vote such Restricted Shares; subject to the treatment of the Award upon termination of your employment before the particular record date for determining shareholders of record entitled to the payment of the cash or Share-based dividends or to vote. With respect to any dividends that are paid in Shares between the date of this Award and your receipt of Common Shares pursuant to a vesting event, such Shares shall be subject to the same vesting restrictions contained in Section 1 as the Restricted Shares with respect to which the dividend is paid. When Shares are delivered to you or your duly-authorized transferee pursuant to the vesting of the Restricted Shares, you or your duly-authorized transferee shall also be entitled to receive, with respect to each Common Share delivered, a number of Common Shares equal to the Share-based dividends which were declared and paid to the holders of Common Shares between the Grant Date and the date such Common Share is issued to you, after your interest vests. To the extent that either (i) your employment ends before vesting of the Restricted Shares subject to this Award or (ii) your employment does not result in full vesting of this Award, you will forfeit all Share-based dividends (but not cash dividends) attributable to all such non-vested Restricted Shares.

Appears in 2 contracts

Samples: Restricted Share Award Agreement (Aeolus Pharmaceuticals, Inc.), Restricted Share Award Agreement (Aeolus Pharmaceuticals, Inc.)

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Dividends; Voting Rights. As the owner of record of any Restricted Shares you qualify to receive pursuant to this Award Agreement, you will be entitled to receive cash dividends and to vote such Restricted Shares; subject to the treatment expiration of the Award such rights thereunder (but not for Shares that have vested pursuant to this Award) upon termination of your employment Continuous Service before the particular record date for determining shareholders of record entitled to the payment of the cash or Share-based dividends or to vote. With respect to any dividends that are paid in Shares between the date of this Award and your receipt of Common Shares pursuant to a vesting event, such Shares shall be subject to the same vesting restrictions contained in Section 1 as the Restricted Shares with respect to which the dividend is paid. When Shares are delivered to you or your duly-authorized transferee pursuant to the vesting of the Restricted Shares, you or your duly-authorized transferee shall also be entitled to receive, with respect to each Common Share delivered, a number of Common Shares equal to the Share-based dividends which were declared and paid to the holders of Common Shares between the Grant Date and the date such Common Share is issued to you, after your interest vests. To the extent that either (i) your employment Continuous Service ends before vesting of the Restricted Shares subject to this Award or (ii) your employment Continuous Service does not result in full vesting of this Award, you will forfeit all Share-based dividends (but not cash dividends) attributable to all such non-vested Restricted Shares.

Appears in 2 contracts

Samples: Restricted Share Award Agreement (Ddi Corp), Restricted Share Award Agreement (Ddi Corp)

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Dividends; Voting Rights. As the owner of record of any Restricted Shares you qualify to receive pursuant to this Award Agreement, you will be entitled to receive cash dividends and to vote such Restricted Shares; subject to the treatment of the Award upon termination of your employment Continuous Service before the particular record date for determining shareholders of record entitled to the payment of the cash or Share-based dividends or to vote. With respect to any dividends that are paid in Shares between the date of this Award and your receipt of Common Shares pursuant to a vesting event, such Shares shall be subject to the same vesting restrictions contained in Section 1 as the Restricted Shares with respect to which the dividend is paid. When Shares are delivered to you or your duly-authorized transferee pursuant to the vesting of the Restricted Shares, you or your duly-authorized transferee shall also be entitled to receive, with respect to each Common Share delivered, a number of Common Shares equal to the Share-based dividends which were declared and paid to the holders of Common Shares between the Grant Date and the date such Common Share is issued to you, after your interest vests. To the extent that either (i) your employment Continuous Service ends before vesting of the Restricted Shares subject to this Award or (ii) your employment Continuous Service does not result in full vesting of this Award, you will forfeit all Share-based dividends (but not cash dividends) attributable to all such non-vested Restricted Shares.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Centerline Holding Co)

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