Examples of Dividend Deferral Election in a sentence
Unless a Dividend Deferral Election is made by the Trust Manager or Participant, any dividends payable with respect to any Restricted Shares shall be paid to the Participant or Trust Manager who deferred such Restricted Shares, subject, in the case of a Participant, to applicable withholding.
A person who is an Eligible Executive on the Vested Dividend Deferral Election Date will be entitled to elect to defer amounts of Vested Dividends.
Dividend Deferral Election" means an election by the Participant to receive in cash an amount equal to any dividends paid with respect to Common Shares held in his Share Account, subject to Article III.
Unless there is a Dividend Deferral Election, dividends shall be payable quarterly in arrears, on each Dividend Payment Date, commencing on the first Dividend Payment Date following the fifth anniversary of the Applicable Issuance Date for the related shares of Preferred Stock; provided, that if any such payment date is not a Business Day then such dividend shall be payable on the next Business Day.
Dividend Deferral Election" means an election by a Participant to defer the distribution under the Plan of the Dividends paid with respect to Shares equal in number to the Share units credited to the Participant's Account.
Such a Dividend Election shall be effective six months after the Dividend Deferral Election is filed with the Committee, except that a Dividend Election may be filed not later than February 11, 2003 pertaining to dividends payable with respect to record dates occurring after that date.
A Participant may elect to defer receipt of all or a portion (subject to any minimum or maximum amount or percentage as the Committee may establish with respect to the applicable Plan Year) of the Dividends relating to an Equity Award Deferral by making a Dividend Deferral Election under this Section 5.
The Board of Directors may declare any dividends subject to a Dividend Deferral Election at anytime (subject to the availability of lawful funds) and the payment date of such funds shall be as determined by the Board of Directors.
Unless a Dividend Deferral Election is made by the Participant, any dividends payable with respect to any Restricted Shares shall be paid to the Participant who deferred such Restricted Shares, subject, in the case of a Participant who is an Employee, to applicable withholding.
If a Dividend Deferral Election is not made with respect to an Equity Award Deferral, an amount equal to the amount of Dividends that would have been paid with respect to such Equity Award Deferral shall be payable to each Participant as if the applicable Equity Award was not subject to an Equity Award Deferral, in accordance with Section 8.1(b) below.