Common use of Voting and Dividends Clause in Contracts

Voting and Dividends. The Award Recipient shall have the right to vote the Shares underlying any portion of the Stock Award that has not vested and to receive any cash dividends or cash distributions that may be paid with respect thereto. Subject to the terms of the Plan, in the event of a stock dividend, stock distribution, stock split, division of shares or other corporate structure change which results in the issuance of additional Shares with respect to any unvested Share of the Stock Award, such additional Shares will be subject to the same restrictions and vesting requirements as are applicable to such unvested Share of the Stock Award.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Comerica Inc /New/), Restricted Stock Award Agreement (Comerica Inc /New/), Restricted Stock Award Agreement (Comerica Inc /New/)

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Voting and Dividends. The Award Recipient shall have the right to vote the Shares underlying any portion of the Stock Award that has not vested and to receive any cash dividends or cash distributions that may be paid with respect thereto. Subject to the terms Section 11(D) of the Plan, in the event of a stock dividend, stock distribution, stock split, division of shares or other corporate structure change which results in the issuance of additional Shares with respect to any unvested Share of the Stock Award, such additional Shares will be subject to the same restrictions and vesting requirements as are applicable to such unvested Share of the Stock Award.

Appears in 3 contracts

Samples: Comerica Incorporated (Comerica Inc /New/), Comerica Incorporated Restricted Stock Award Agreement (Comerica Inc /New/), Comerica Incorporated Restricted Stock Award Agreement (Comerica Inc /New/)

Voting and Dividends. The Award Recipient shall have the right to vote the Shares underlying any portion of the unvested Stock Award that has not vested and to receive any cash dividends or cash distributions that may be paid with respect thereto. Subject to the terms of the Plan, in the event of a stock dividend, stock distribution, stock split, division of shares or other corporate structure change which results in the issuance of additional Shares with respect to any unvested Share of the Stock AwardAward prior to such Stock Award having vested, such additional Shares will be subject to the same restrictions and vesting requirements as are applicable to such unvested Share of the Stock Award. 9.

Appears in 1 contract

Samples: Incorporated Restricted Stock Award Agreement This Agreement

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Voting and Dividends. The Award Recipient shall have the right to vote the Shares underlying any portion of the unvested Stock Award that has not vested and to receive any cash dividends or cash distributions that may be paid with respect thereto. Subject to the terms of the Plan, in the event of a stock dividend, stock distribution, stock split, division of shares or other corporate structure change which results in the issuance of additional Shares with respect to any unvested Share of the Stock AwardAward prior to such Stock Award having vested, such additional Shares will be subject to the same restrictions and vesting requirements as are applicable to such unvested Share of the Stock Award.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Comerica Inc /New/)

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