Common use of Voting and Dividends Clause in Contracts

Voting and Dividends. During the Restriction Period and except as otherwise provided in the Plan, Participant shall have the right to vote the Restricted Shares but shall not have any other rights of a shareholder, including the right to receive any cash dividends paid on the Restricted Shares. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Restricted Shares with respect to which such stock dividends or shares are issued.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Cpp) (Integra Bank Corp), Restricted Stock Agreement (Employee) (Integra Bank Corp)

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Voting and Dividends. During the Restriction Period and except as otherwise provided in the Plan, the Participant shall have the right to vote the Restricted Shares but shall not have any other rights of a shareholder, including the right to receive any cash dividends paid on the Restricted Shares. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Restricted Shares with respect to which such stock dividends or shares are issued.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Oak Ridge Financial Services, Inc.), Restricted Stock Award Agreement (Oak Ridge Financial Services, Inc.)

Voting and Dividends. During the Restriction Period and except as otherwise provided in the Plan, Participant shall have the right to vote the Restricted Shares but Shares. The Participant shall not have any other rights of a shareholder, including the right be entitled to receive any cash dividends or other distributions, whether in cash, property, or stock of another company, paid on to holders of Common Stock during the Restricted SharesRestriction Period. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Restricted Shares with respect to which such stock dividends or shares are issued.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Hurco Companies Inc), Restricted Stock Agreement (Hurco Companies Inc)

Voting and Dividends. During the Restriction Period and except as otherwise provided in the PlanPlan or in this Agreement, Participant shall have the right to vote the Restricted Shares but shall not have any other confer on the Participant all of the rights of a shareholder, including the right to receive any cash dividends paid on the Restricted Shares. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Restricted Shares with respect to which such stock dividends or shares are issued.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Oak Ridge Financial Services, Inc.)

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Voting and Dividends. During the Restriction Period and except as otherwise provided in the Plan, Participant shall have the right to vote the Restricted Shares but shall not have any other confer on the Participant all of the rights of a shareholder, including the right to receive any cash dividends paid on the Restricted Shares. Stock dividends and shares issued as a result of any stock-split, if any, issued with respect to the Restricted Shares shall be treated as additional Restricted Shares and shall be subject to the same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as, the Restricted Shares with respect to which such stock dividends or shares are issued.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Oak Ridge Financial Services, Inc.)

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