Common use of PHANTOM DIVIDENDS Clause in Contracts

PHANTOM DIVIDENDS. For any dividends declared and paid by the Company on its outstanding Stock, the same amount of dividends shall be credited to the Award (“Phantom Dividends”), which Phantom Dividends shall be subject to the same restrictions and risk of forfeiture as the Award as set forth in Section 2 above. The amount of such Phantom Dividends shall be accumulated (“Accumulated Phantom Dividends”) during the period commencing on the date of the Award and ending on the Vesting Date. Upon the delivery of Shares in accordance with Section 4 below, such amount of Accumulated Phantom Dividends shall be granted to the Employee in shares of Stock. The number of such shares to be granted shall be determined by dividing the Accumulated Phantom Dividends by the Fair Market Value of a Share of Stock on the Vesting Date, rounded down to the nearest whole share.

PHANTOM DIVIDENDS. For any dividends declared and paid by the Company on its outstanding the Common Stock, the same amount of dividends shall be credited to the Award (“Phantom Dividends”), which Phantom Dividends shall be ) and subject to the same restrictions and risk of forfeiture as the Award as set forth in vesting schedule under Section 2 above. The amount of such Phantom Dividends shall be accumulated (“Accumulated Phantom Dividends”) during the period commencing on the date of the Award and ending on the Vesting Date. Upon payment of the delivery of Shares in accordance with Section 4 belowAward, such amount of Accumulated Phantom Dividends shall be granted to the Employee in shares of Common Stock. The number of such shares to be granted shall be determined by dividing the Accumulated Phantom Dividends by the Fair Market Value of a Share of the Common Stock on the Vesting Date, rounded down to the nearest whole share.. “

PHANTOM DIVIDENDS. For any dividends declared and paid by the Company on its outstanding Stock, the same amount of dividends shall be credited to the Award (“Phantom Dividends”), which Phantom Dividends shall be subject to the same restrictions and risk of forfeiture as the Award as set forth in Section 2 3 above. The amount of such Phantom Dividends shall be accumulated (“Accumulated Phantom Dividends”) during the period commencing on the date of the Award and ending on the applicable Vesting Date. Upon the delivery of Shares in accordance with Section 4 5 below, such amount of Accumulated Phantom Dividends shall be granted to the Employee in shares of Stock. The number of such shares to be granted shall be determined by dividing the Accumulated Phantom Dividends by the Fair Market Value of a Share of Stock on the applicable Vesting Date, rounded down to the nearest whole share.

PHANTOM DIVIDENDS. For any dividends declared and paid by the Company on its outstanding the Common Stock, the same amount of dividends shall be credited to the Award (“Phantom Dividends”), which Phantom Dividends shall be ) and subject to the same restrictions and risk of forfeiture as the Award as set forth in vesting schedule under Section 2 above. The amount of such Phantom Dividends shall be accumulated (“Accumulated Phantom Dividends”) during the period commencing on the date of the Award and ending on the Vesting Date. Upon payment of the delivery of Shares in accordance with Section 4 belowAward, such amount of Accumulated Phantom Dividends shall be granted to the Employee in shares of Common Stock. The number of such shares to be granted shall be determined by dividing the Accumulated Phantom Dividends by the Fair Market Value of a Share of the Common Stock on the Vesting Date, rounded down up to the nearest whole share.. “