Dividend definition
Examples of Dividend in a sentence
No interest will accrue on the Dividend Equivalents between the declaration and payment of the applicable dividends and the settlement of the Dividend Equivalents.
For purposes of clarity, if the Performance Share Units (or any portion thereof) are forfeited by the Participant pursuant to the terms of this Agreement, then the Participant shall also forfeit the Dividend Equivalents, if any, accrued with respect to such forfeited Performance Share Units.
The Company in its sole discretion may also withhold any required taxes from Dividend Equivalents paid on the Performance Share Units.
Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs and Dividend Equivalents.
If the Performance Shares (or any portion thereof) are forfeited by Grantee pursuant to the terms of this Agreement, then Grantee shall also forfeit the Dividend Equivalents, if any, accrued with respect to such forfeited Performance Shares.