Examples of Cash Dividend Equivalent in a sentence
Each Seller acknowledges and agrees to the use of the Agent to make payment of the Closing Cash Consideration, Cash Dividend Equivalent and Total Escrow Consideration; provided, however, Purchaser shall remain liable to each Seller for payment of the amounts payable by Purchaser under this Agreement notwithstanding the appointment of the Agent.
Notwithstanding the foregoing, in the event an extraordinary dividend (whether payable in cash or other property) is declared on Common Stock, the Committee may, in its discretion, provide that the Dividend Equivalent of such extraordinary dividend shall be credited to the Stock Equivalent Portion of each Participant's Account in lieu of being paid as a Cash Dividend Equivalent.
All audits and field investigations concerning the verification for, and receipt and use of, any payments received by a candidate or committee under chapter 95 or chapter 96 of the In- ternal Revenue Code of 1954 shall be given priority.
Notwithstanding the foregoing, in the event an extraordinary dividend (whether payable in cash or other property) is declared on Common Stock, the Committee may, in its discretion, provide that the Dividend Equivalent of such extraordinary dividend shall be credited to the Stock Equivalent Portion of each Participant’s Account in lieu of being paid as a Cash Dividend Equivalent.
The Company may however, in its sole discretion, make a cash payment in lieu of the issuance of the Shares in an amount equal to the value of one share of Common Stock multiplied by the number of Units subject to the Award; provided that the Cash Dividend Equivalent in such event shall be calculated as though the Grantee had been issued Shares rather than such cash payment.
Cash Dividend Equivalent shall mean, with respect to any dividend ------------------------ declared on Common Stock, an amount of cash equal to the per-share value of such dividend (whether payable in cash or property).
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Notwithstanding the foregoing, the relevant number of Shares shall be issued, and the related Cash Dividend Equivalent shall be paid, no later than March 15th of the year following the calendar year in which the Award vests.
Notwithstanding the foregoing, in the event an extraordinary dividend on such discretionary additional credits (whether payable in cash or other property) is declared on Common Stock, the Committee may, in its discretion, provide that the Dividend Equivalent of such extraordinary dividend shall be credited to the Stock Equivalent Portion of each Participant's Pre-2005 Account in lieu of being paid as a Cash Dividend Equivalent.
Each of the contracting parties shall be entitled to denounce this Agreement unilaterally.