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.
Appears in 10 contracts
Samples: Restricted Stock Award Agreement (Hemisphere Media Group, Inc.), Restricted Stock Award Agreement (Hemisphere Media Group, Inc.), Equity Incentive Plan Restricted Stock Award Agreement (Sokol Alan J.)
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 (or the Participant’s estate, as applicable), without interest, only when, and if, such Restricted Shares shall become vested.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (INNOVATE Corp.), Restricted Stock Award Agreement (INNOVATE Corp.)
