Deemed Dividends definition

Deemed Dividends means the amount of dividends (whether stock or cash), if any, which are declared on a share of Common Stock multiplied by the number of shares of Common Stock credited to the Deferred Stock Account.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Deemed Dividends means, with respect to each Participant's Deferred Shares Account, the product of (a) each cash dividend declared with respect to a Share, multiplied by (b) the number of Deferred Shares credited to such Participant's Deferred Shares Account as of the record date for such dividends.

Deemed Dividends means, with respect to each Participant's CSU Account, the product of (x) multiplied by (y), where (x) is each cash dividend declared with respect to a Share, and (y) is the number of CSUs in such Participants CSU Account as of the Valuation Date occurring during the Payroll Period in which the dividend is declared.

Examples of Deemed Dividends in a sentence

The Deemed Dividends will be converted to a number of additional RSUs equal to the quotient, rounded down to the nearest whole number, obtained by dividing the Deemed Dividends by the Fair Market Value of one (1) share of Stock on the date the cash dividend to which it relates is paid.
The Company will establish a bookkeeping record to account for the Deemed Dividends and additional RSUs to be credited to the Participant.
The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements as this Award.
Once the number of Award Shares is determined, an additional number of Award Shares will be determined based on the amount of Deemed Dividends (as described in Section 8).
The Deemed Dividends will be added to the total number of Target PSUs before calculating the number of PSUs earned during Award Cycle (as set forth above), in accordance with Section 4.
The additional PSUs represented by Deemed Dividends are subject to the same vesting and performance requirements as this Award, including without limitation the requirement that the Performance Goals (as defined below) be achieved.
The Company will establish a bookkeeping record to account for the Deemed Dividends and additional PSUs to be credited to the Participant.
Notwithstanding the foregoing, the Company, in the discretion of the Administrator, may elect to pay out Deemed Dividends in cash on the settlement date.
The Deemed Dividends shall be credited to a Participant's Diversified Account.
As a result, additional GEO Shares equal to the Deemed Dividends divided by the closing price of the Company’s common stock on the date the Company paid such dividends (rounded up to the nearest whole number of shares) shall be credited to the Investment Account.

More Definitions of Deemed Dividends

Deemed Dividends means, with respect to each Participant's CSU Account, the product of (a) each cash dividend declared with respect to a Share, multiplied by (b) the number of CSUs in such Participant's CSU Account as of the Valuation Date occurring during the Payroll Period in which the dividend is declared.

Deemed Dividends means, with respect to each Participant’s Deferred Shares Account, the product of (a) each cash dividend declared with respect to a Share, multiplied by (b) the number of Deferred Shares credited to such Participant’s Deferred Shares Account as of the record date for such dividends.

Deemed Dividends means, with respect to each Participant's Participant Stock Account and Matching Contribution Stock Account, the product of (a) each cash dividend (see SECTION NINE for discussion of stock dividends) declared with respect to a Share, multiplied by (b) the number of Stock Units credited to such Participant's Participant Stock Account or Matching Contribution Stock Account as of the record date for such dividends.