Common use of Rights as Shareholder; Dividend Equivalents Clause in Contracts

Rights as Shareholder; Dividend Equivalents. (a) The Grantee shall not have any rights of a shareholder with respect to the Common Shares underlying the PSUs, including voting rights. Notwithstanding the foregoing, dividends on the Common Shares underlying the PSUs, if any, paid prior to the certification date, whether in cash or in the form of additional Company Common Shares, shall accrue and be deferred and subject to forfeiture if the PSUs granted hereby do not vest with the Grantee on the Certification Date; then paid in cash or shares as applicable, subject to adjustment based upon the Actual Award paid to the Grantee.

Appears in 4 contracts

Samples: Equity Incentive Plan (Premier Financial Corp), Performance Share Units Award Agreement (First Defiance Financial Corp), 2016 Long Term Incentive Plan Award Agreement (United Community Financial Corp)

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Rights as Shareholder; Dividend Equivalents. (a) 8.1. The Grantee shall not have any rights of a shareholder with respect to the Common Shares underlying the PSUs, including voting rights. Notwithstanding the foregoing, dividends on the Common Shares underlying the PSUs, if any, paid prior to the certification date, whether in cash or in the form of additional Company Common Shares, shall accrue and be deferred and subject to forfeiture if the PSUs granted hereby do not vest with the Grantee on the Certification Dateperformance certification date; then paid in cash or shares as applicable, subject to adjustment based upon the Actual Award paid to the Grantee.

Appears in 1 contract

Samples: Term Incentive Plan (United Community Financial Corp)

Rights as Shareholder; Dividend Equivalents. (a) 8.1 The Grantee shall not have any rights of a shareholder with respect to the Common Shares underlying the PSUs, including voting rights. Notwithstanding the foregoing, dividends on the Common Shares underlying the PSUs, if any, paid prior to the certification date, whether in cash or in the form of additional Company Common Shares, shall accrue and be deferred and subject to forfeiture if the PSUs granted hereby do not vest with the Grantee on the Certification Dateperformance certification date; then paid in cash or shares as applicable, subject to adjustment based upon the Actual Award paid to the Grantee.

Appears in 1 contract

Samples: Term Incentive Plan (United Community Financial Corp)

Rights as Shareholder; Dividend Equivalents. (a) 8.1 The Grantee shall not have any rights of a shareholder with respect to the Common Shares underlying the PSUs, including voting rights. Notwithstanding the foregoing, dividends on the Common Shares underlying the PSUs, if any, paid prior to the certification date, whether in cash or in the form of additional Company Common Shares, shall accrue and be deferred and subject to forfeiture if the PSUs granted hereby do not vest with the Grantee on the Certification Datecertification date; then paid in cash or shares as applicable, subject to adjustment based upon the Actual Award paid to the Grantee.

Appears in 1 contract

Samples: Term Incentive Plan (United Community Financial Corp)

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Rights as Shareholder; Dividend Equivalents. (a) 8.1. The Grantee shall not have any rights of a shareholder with respect to the Common Shares underlying the PSUs, including voting rights. Notwithstanding the foregoing, dividends on the Common Shares underlying the PSUs, if any, paid prior to the certification date, whether in cash or in the form of additional Company Common Shares, shall accrue and be deferred and subject to forfeiture if the PSUs granted hereby do not vest with the Grantee on the Certification Datecertification date; then paid in cash or shares as applicable, subject to adjustment based upon the Actual Award paid to the Grantee.

Appears in 1 contract

Samples: Term Incentive Plan (United Community Financial Corp)

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