Common use of Payment of Dividend Equivalents Clause in Contracts

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 and Section 3 of this Agreement or (b) the time when the Director’s right to receive shares of Stock in settlement of the RSUs is forfeited in accordance with Section 2 of this Agreement, on the date that the Company pays a cash dividend (if any) to holders of Stock generally, the Director shall be entitled to a number of additional RSUs determined by dividing (i) the product of (x) the dollar amount of the cash dividend paid per share of Stock on such date and (y) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director as of such date, by (ii) the Fair Market Value of the Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were credited.

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 3 and Section 3 4 of this Agreement or (b) the time when the DirectorParticipant’s right to receive shares of Stock cash in settlement of the RSUs is forfeited in accordance with Section 2 3 of this Agreement, on the date that the Company pays a cash dividend (if any) to holders of Stock generally, the Director Participant shall be entitled to a number of additional RSUs determined by dividing (i) the product of (x) the dollar amount of the cash dividend paid per share of Stock on such date and (y) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director Participant as of such date, by (ii) the Fair Market Value of the Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down up to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were creditedcredited./No Dividend Equivalents. No dividend equivalents will be paid or accumulated on the RSUs.]

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 3 and Section 3 4 of this Agreement or (b) the time when the DirectorParticipant’s right to receive shares of Stock in settlement of the RSUs is forfeited in accordance with Section 2 3 of this Agreement, on the date that the Company pays a cash dividend (if any) to holders of Stock generally, the Director Participant shall be entitled to a number of additional RSUs determined by dividing (i) the product of (x) the dollar amount of the cash dividend paid per share of Stock on such date and (y) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director Participant as of such date, by (ii) the Fair Market Value of the Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down up to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were creditedcredited./No Dividend Equivalents. No dividend equivalents will be paid or accumulated on the RSUs.]

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs PRSUs become Vested and are settled in accordance with Section 2 Sections 3 and Section 3 4 of this Agreement or (b) the time when the DirectorParticipant’s right to receive shares of Stock payment in settlement of the RSUs PRSUs is forfeited in accordance with Section 2 3 of this Agreement, on the date that the Company pays a cash dividend (if any) to holders of Common Stock generally, the Director Participant shall be entitled to a number of additional RSUs PRSUs determined by dividing (ix) the product of (xi) the dollar amount of the cash dividend paid per share of Common Stock on such date and (yii) the total Participant’s maximum number of RSUs PRSUs (including dividend equivalents paid credited thereon) previously credited to the Director as of such date, by (iiy) the Fair Market Value per Share of the Common Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs PRSUs to which the dividend equivalents were credited.

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 3 and Section 3 of this Agreement 4 or (b) the time when the DirectorParticipant’s right to receive shares of Stock in settlement of the RSUs is forfeited in accordance with Section 2 of this Agreement3, on the date that the Company pays a cash dividend (if any) to holders of Stock generally, the Director Participant shall be entitled to a number of additional RSUs determined by dividing (i) the product of (x) the dollar amount of the cash dividend paid per share of Stock on such date and (y) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director Participant as of such date, by (ii) the Fair Market Value of the Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down up to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were credited. / No Dividend Equivalents. No dividend equivalents will be paid or accumulated on the RSUs.]

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 3 and Section 3 of this Agreement 4 or (b) the time when the DirectorParticipant’s right to receive shares of Stock in settlement of the RSUs is forfeited in accordance with Section 2 of this Agreement3, on the date that the Company pays a cash dividend (if any) to holders of Stock generally, the Director Participant shall be entitled to a number of additional RSUs determined by dividing (i) the product of (x) the dollar amount of the cash dividend paid per share of Stock on such date and (y) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director Participant as of such date, by (ii) the Fair Market Value of the Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down up to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were creditedcredited./No Dividend Equivalents. No dividend equivalents will be paid or accumulated on the RSUs.]

Payment of Dividend Equivalents. From and after the Date of Grant and until the earlier of (a) the time when the RSUs become Vested and are settled in accordance with Section 2 Sections 3 and Section 3 4 of this Agreement or (b) the time when the DirectorParticipant’s right to receive shares of Stock payment in settlement of the RSUs is forfeited in accordance with Section 2 3 of this Agreement, on the date that the Company pays a cash dividend (if any) to holders of Common Stock generally, the Director Participant shall be entitled to a number of additional RSUs determined by dividing (ix) the product of (xi) the dollar amount of the cash dividend paid per share of Common Stock on such date and (yii) the total number of RSUs (including dividend equivalents paid thereon) previously credited to the Director Participant as of such date, by (iiy) the Fair Market Value per Share of the Common Stock on such date. Such dividend equivalents (if any) shall be subject to the same terms and conditions and shall be paid, in the aggregate rounded down to the nearest whole number, or forfeited in the same manner and at the same time as the RSUs to which the dividend equivalents were credited.