Common use of Non-Share Dividends Clause in Contracts

Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of the Company’s Common Stock in the form of property other than Common Stock, then a number of additional Restricted Units shall be credited to the Grantee as of the payment date for such dividend or distribution equal to (A) the Restricted Units that may still vest under this Agreement as of the record date for such dividend or distribution multiplied by (B) the fair market value (as determined by the Compensation Committee) of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of the Company’s Common Stock at such payment date.

Appears in 5 contracts

Samples: Restricted Share Unit Award Agreement (Wilson Bank Holding Co), Restricted Share Unit Award Agreement (Pinnacle Financial Partners Inc), Restricted Share Unit Award Agreement (Pinnacle Financial Partners Inc)

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Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of the Company’s Common Stock in the form of property other than Common Stock, then a number of additional Restricted Performance Units shall be credited to the Grantee as of the payment date for such dividend or distribution equal to (A) the Restricted Maximum Amount of Performance Units that may still vest under this Agreement as of the record date for such dividend or distribution multiplied by (B) the fair market value (as determined by the Compensation Committee) of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of the Company’s Common Stock at such payment date.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2023 Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2022 Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of the Company’s Common Stock in the form of property other than Common Stockshares, then a number of additional Restricted Performance Units shall be credited to the Grantee as of the payment date for such dividend or distribution equal to (A) the Restricted Maximum Amount of Performance Units that may still vest under this Agreement as of the record date for such dividend or distribution multiplied by (B) the fair market value (as determined by the Compensation Committee) of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of the Company’s Common Stock at such payment date.

Appears in 4 contracts

Samples: 2020 Performance Unit Award Agreement (Pinnacle Financial Partners Inc), Performance Unit Award Agreement (Pinnacle Financial Partners Inc), Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of the Company’s 's Common Stock in the form of property other than Common Stockshares, then a number of additional Restricted Performance Units shall be credited to the Grantee as of the payment date for such dividend or distribution equal to (A) the Restricted Maximum Amount of Performance Units that may still vest under this Agreement as of the record date for such dividend or distribution multiplied by (B) the fair market value (as determined by the Compensation Committee) of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of the Company’s 's Common Stock at such payment date.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc), Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of the Company’s Common Stock in the form of property other than Common Stock, then a number of additional Restricted Performance Units shall be credited to the Grantee as of the payment date for such dividend or distribution equal to (A) the Restricted Target Amount of Performance Units that may still vest under this Agreement as of the record date for such dividend or distribution multiplied by (B) the fair market value (as determined by the Compensation Committee) of such property actually paid as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of the Company’s Common Stock at such payment date.

Appears in 1 contract

Samples: Special Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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