Common use of Rights as a Holder of Restricted Shares Clause in Contracts

Rights as a Holder of Restricted Shares. From and after the Grant Date, the Participant shall have, with respect to the Restricted Shares, all of the rights of a holder of shares of common stock of the Company, including, without limitation, the right to vote the shares, to receive and retain all regular cash dividends payable to holders of shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares with respect to the Restricted Shares; provided, that, to the extent the Company issues a dividend in the form of shares or other property, such shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire. Participant shall not be required to repay any dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.

Appears in 10 contracts

Samples: Restricted Stock Award Agreement (Healthcare Trust, Inc.), Restricted Stock Award Agreement (American Realty Capital Global Trust II, Inc.), Restricted Stock Award Agreement (American Realty Capital Hospitality Trust, Inc.)

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Rights as a Holder of Restricted Shares. From and after the Grant Date, the Participant shall have, with respect to the Restricted SharesShares (whether vested or unvested), all of the rights of a holder of shares of common stock Common Stock of the Company, including, without limitation, the right to vote the shares, to receive and retain all regular cash dividends payable to holders of shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares with respect to the Restricted Shares; provided, that, to the extent the Company issues a dividend in the form of shares or other property, such shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire. Participant shall not be required to repay any dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.

Appears in 8 contracts

Samples: Restricted Shares Award Agreement (Lorber Howard M), Restricted Shares Award Agreement (Lorber Howard M), Restricted Shares Award Agreement (Lorber Howard M)

Rights as a Holder of Restricted Shares. From and after the Grant Date, the Participant shall have, with respect to the Restricted SharesShares (whether vested or unvested), all of the rights of a holder of shares of common stock Common Stock of the Company, including, without limitation, the right to vote the shares, to receive and retain all regular cash dividends payable to holders of shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares with respect to the Restricted Shares; provided, that, to the extent the Company issues a dividend in the form of shares or other property, such shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire. The Participant shall not be required to repay any dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.

Appears in 4 contracts

Samples: Restricted Shares Award Agreement (Lorber Howard M), Restricted Shares Award Agreement (Lorber Howard M), Restricted Shares Award Agreement (Lorber Howard M)

Rights as a Holder of Restricted Shares. From and after the Grant Date, the Participant shall have, with respect to the Restricted SharesShares (whether vested or unvested), all of the rights of a holder of shares of common stock Common Stock of the Company, including, without limitation, the right to vote the shares, to receive and retain all regular cash dividends payable to holders of shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares with respect to the Restricted Shares; provided, that, to the extent the Company issues a dividend in the form of shares or other property, such shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire. Participant shall not be required to repay any cash dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.

Appears in 2 contracts

Samples: Restricted Shares Award Agreement (Lorber Howard M), Restricted Shares Award Agreement (Vector Group LTD)

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Rights as a Holder of Restricted Shares. From and after the Grant Date, the Participant shall have, with respect to the Restricted Shares, all of the rights of a holder of shares of common stock of the CompanyShares, including, without limitation, the right to vote the sharesShares, to receive and retain all regular cash dividends payable to holders of shares Shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares Shares with respect to the Restricted Shares; provided, that, except as otherwise determined by the Committee, to the extent the Company issues a dividend in the form of shares Shares or other property, such shares Shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire. The Participant shall not be required to repay any cash dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.

Appears in 1 contract

Samples: Agreement (Hospitality Investors Trust, Inc.)

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