INTERIM DIVIDEND Sample Clauses
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INTERIM DIVIDEND. (a) Notwithstanding any other provision of this deed, DuluxGroup may (in its absolute discretion) declare and pay to DuluxGroup Shareholders an interim dividend (Interim Dividend) of up to $0.15 per DuluxGroup Share in respect of the six months ended 31 March 2019.
(b) The Interim Dividend may (in DuluxGroup’s absolute discretion) be partially or fully franked, provided that the DuluxGroup franking account must not be in deficit at the end of the income year in which the Interim Dividend is paid, as a result of the franking of the Interim Dividend.
(c) The record date for the Interim Dividend must be on or before the Scheme Record Date.
(d) The Scheme Consideration will be reduced by the cash amount of the Interim Dividend that is declared and paid to DuluxGroup Shareholders on or before the Implementation Date. For the avoidance of doubt, in no circumstances will Nippon Paint be required to pay or procure the payment of more than $9.65 per Scheme Share under this deed, the Scheme or the Deed Poll.
INTERIM DIVIDEND. The Board has resolved not to declare the payment of any interim dividend for the six months ended 31 October 2003.
INTERIM DIVIDEND. (a) Parent and the Company hereby agree that if and to the extent that Parent does not accept for payment and pay for all Shares validly tendered and not withdrawn pursuant to the Offer after the expiration of the Offer (the "OFFER COMPLETION") prior to March 20, 2001, the Company Board shall on such date declare a dividend for the fiscal quarter ended March 31, 2001, of $0.3725 per share (or such other amount as the Company Board determines based upon the estimated earnings for the fiscal year and the applicable distribution requirements under the Code) of Common Stock (the "FIRST QUARTER DIVIDEND AMOUNT"), such dividend to be paid on the earlier of (x) the date of the Offer Completion and (y) April 30, 2001 to holders of record of shares of Common Stock on March 30, 2001 or such earlier date of the Offer Completion.
INTERIM DIVIDEND. For the avoidance of doubt, (i) the Interim Dividend shall be paid in full in cash to the Preferred Stockholder prior to the Closing in the ordinary course of business and without penalty and (ii) the Interim Dividend is in addition to, and not included in, the Consideration payable hereunder.
INTERIM DIVIDEND. The directors may from time to time pay to the members such interim as appear to the directors to be justified by the profits of the company. No interest on unpaid Dividend.
INTERIM DIVIDEND. The Company may declare distribution of money (“Interim Dividend”) provided for in Article 293-5 of the Commercial Code by the resolution of the Board of Directors to the shareholders and registered pledgees registered or recorded in the final Register of Shareholders, etc., as of September 30 every year.
INTERIM DIVIDEND. The Directors may from time to time pay to the members such interim dividends as appear to the Directors to be justified by the profits of the Company.
INTERIM DIVIDEND. Article nineteen.- The board of directors may decide to pay interim dividends before the end of the current financial year, in accordance with the Law.
INTERIM DIVIDEND. The Directors do not recommend the payment of an interim dividend for the six months period ended 30 June 2009.