Dividend definition
Examples of Dividend in a sentence
Any RSUs (including Dividend Equivalent RSUs) that are unvested as of the Participant’s Termination Date will be immediately cancelled and forfeited on the Participant’s Termination Date, without any compensation to the Participant in lieu thereof.
Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls that may affect Participant’s ability to acquire or hold Shares or cash received from participating in the Plan (including from any dividends or Dividend Equivalents received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside Participant’s country.
In the event the Participant’s Termination Date occurs due to the Participant’s Disability, any RSUs (including Dividend Equivalent RSUs) that are vested as of the Participant’s Termination Date will remain vested and be settled in accordance with Section 8 of this Agreement.
In the event the Participant’s Termination Date occurs due to the Participant’s death, any RSUs (including Dividend Equivalent RSUs) that are vested as of the Participant’s Termination Date will remain vested and be settled in accordance with Section 8 of this Agreement.
Dividend equivalents shall equal the dividends actually paid with respect to PepsiCo Common Stock during the RSU vesting period while (and to the extent) the RSUs remain outstanding and unpaid.