Common use of Rights as a Stockholder; Dividends Clause in Contracts

Rights as a Stockholder; Dividends. The Participant shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the Participant, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares, certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the Participant’s account with respect to such Restricted Shares shall be delivered to the Participant or the Participant’s beneficiary along with the stock powers relating thereto.

Appears in 9 contracts

Samples: Director Restricted Stock Award Agreement (Las Vegas Sands Corp), Restricted Stock Award Agreement (Las Vegas Sands Corp), Director Restricted Stock Award Agreement (Las Vegas Sands Corp)

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Rights as a Stockholder; Dividends. The Participant Director shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the ParticipantDirector, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares, certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the ParticipantDirector’s account with respect to such Restricted Shares shall be delivered to the Participant Director or the ParticipantDirector’s beneficiary along with the stock powers power relating thereto.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (WMG Acquisition Corp), Director Restricted Stock Award Agreement (Warner Music Group Corp.), Director Restricted Stock Award Agreement (WMG Acquisition Corp)

Rights as a Stockholder; Dividends. The Participant Director shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed of, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the ParticipantDirector, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares, certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the Participant’s Director's account with respect to such Restricted Shares shall be delivered to the Participant Director or the Participant’s Director's beneficiary along with the stock powers power relating thereto.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (WMG Acquisition Corp)

Rights as a Stockholder; Dividends. The Notwithstanding Sections 7.2 and 11 of the Plan, once (i) Participant makes any required payments in respect of the Shares, (ii) Participant furnishes the Company with any required agreements, and (iii) Participant actually receives the Shares or the Company has physical custody of the certificate(s) evidencing the Shares registered in Participant’s name on the stock transfer books of the Company, Participant shall be the full record and beneficial owner of the Restricted Shares unless Shares. Unless and until such shares Shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed of, and as record owner owner, Participant shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the Participant, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares, but in no event later than March 15 of the calendar year following the calendar year in which the Shares vest, certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the Participant’s account with respect to such Restricted Shares shall be delivered to the Participant or the Participant’s beneficiary along with the stock powers power relating thereto.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Synova Healthcare Group Inc)

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Rights as a Stockholder; Dividends. The Participant Employee shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed ofthis Agreement, and as record owner shall be entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested Restricted Shares shall be withheld by the Company and shall be paid to the ParticipantEmployee, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares, certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the ParticipantEmployee’s account with respect to such Restricted Shares shall be delivered to the Participant Employee or the ParticipantEmployee’s beneficiary along with the stock powers power relating thereto.

Appears in 1 contract

Samples: Restricted Stock Agreement (Eagle Broadband Inc)

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