Trailing Dividends Sample Clauses
The Trailing Dividends clause defines how dividends declared but not yet paid at the time of a transaction, such as a sale or merger, are handled. Typically, this clause ensures that any dividends that have been declared but remain unpaid are allocated to the appropriate party, often the seller or the holder of record as of the declaration date. This mechanism prevents disputes over entitlement to dividends that are in process during a change of ownership, ensuring that the correct party receives the benefit and clarifying financial rights during transitional periods.
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Trailing Dividends. Transfer processing after record date but prior to payable date will include all accrued dividends. Each Fund is responsible for monitoring all completed full transfers for “trailing” dividends. Should a “trailing” dividend appear in an account, a Fund shall send such dividend to Schwab within five (5) Business Days, along with a specific written notification thereof. Notification shall include details of the dividend and customer, including the customer’s social security number or taxpayer identification number, and/or the account number for the Account to which the transfer was made.
Trailing Dividends. Transfer processing after the record date but prior to payable date will include all accrued dividends. The Fund Company is responsible for monitoring all completed full transfers for “trailing” dividends. Should a “trailing” dividend appear in an account, the Fund Company shall send such dividend to Broker-Dealer within five (5) Business Days and shall make available to Broker-Dealer the Investor’s Social Security number or taxpayer identification number, and/or the account number for the account to which the transfer was made.
Trailing Dividends. Transfer processing after record date but prior to payable date will include all accrued dividends. Each Fund is responsible for monitoring all completed full transfers for “trailing” dividends. Should a “trailing” dividend appear in an account, a Fund shall send such dividend to JPMS within five (5) Business Days, along with a specific written notification thereof. Notification shall include details of the dividend and shareholder, including the shareholder’s social security number or taxpayer identification number, and/or the account number for the Account to which the transfer was made.
Trailing Dividends. In the event trailing dividends are credited to the Stock Share Account of a Participant who is no longer making Salary deduction contributions to the Plan and who has withdrawn his entire Stock Share Account under the provisions of this Article, such trailing dividends shall be automatically transferred to the Participant in a DRS book entry without any further action required on the part of the Participant.