Dividend Equivalent Payment definition

Dividend Equivalent Payment means a payment in cash or Cash Equivalents to any director, officer or employee of Holdings or any of its Subsidiaries that is a holder of unexercised warrants, options or other rights to acquire Qualified Capital Stock (other than Qualified Capital Stock that is Preferred Stock) of Holdings, which payment represents a dividend or distribution by Holdings that such holder would have received had such holder’s warrants, options or other rights to acquire been exercised on the date of such dividend or distribution.

Dividend Equivalent Payment means, for each share of Stock represented by an outstanding Restricted Stock Unit, a payment in an amount equal to, and in the same form of payment as, the dividend paid on one share of Stock, except as otherwise determined by the Committee or set forth in the Country Appendix.

Dividend Equivalent Payment means an amount in cash, if any, equal to the Common Share Dividends per Common Share for which the Common Share Dividend Record Date occurs during the period from the Closing Date to the date prior to the Acquisition Closing Date;

Examples of Dividend Equivalent Payment in a sentence

• Notwithstanding paragraph 4 of the Award Agreement, Dividend Equivalent Payments shall accrue on each dividend payment date with respect to Stock and be paid to Participant in the form of additional shares of Stock on the Vesting Date of the Restricted Stock Units that entitled Participant to such Dividend Equivalent Payment.

• The Dividend Equivalent Payment shall be made on such settlement date.

• Unless otherwise set forth in the Country Appendix, Dividend Equivalent Payments with respect to outstanding shares of Stock subject to the Award generally shall be paid at the same time and in the same form that dividends are paid on Stock; provided, however, that any Dividend Equivalent Payment to which Participant is entitled for any calendar year shall be paid no later than March 15 of the year following the year in which the corresponding dividend record date on the Stock occurs.

• To the extent a cash dividend is paid by the Company on or prior to the Settlement Date but the Dividend Equivalent Payment Date relating thereto would not occur prior to the Settlement Date, the Dividend Equivalents relating thereto shall be paid to the Grantee on the Settlement Date.

• Notwithstanding any other provision of this Award Certificate, your right to receive the Dividend Equivalent Payment and to receive Shares in settlement of any Units is subject to withholding of all taxes that are required to be paid or withheld in connection with such Dividend Equivalent Payment or the delivery of such Shares.

More Definitions of Dividend Equivalent Payment

Dividend Equivalent Payment means an amount equal to the Value of the Income Property at the relevant Valuation Point on the Trade Date divided by the number of Units then in issue or deemed to be in issue;

Dividend Equivalent Payment means an amount per Subscription Receipt equal to the amount per Common Share of any cash dividends for which record dates have occurred during the period from and including the date hereof to but excluding the date the Common Shares are issued or deemed to be issued hereunder upon exchange of the Subscription Receipts;

Dividend Equivalent Payment means the amount payable by the Escrow Agent to holders of Subscription Receipts on the Transaction Closing Date equal to the dividends declared by the Corporation on the Common Shares during the period from the date of closing of the Offering up to but not including the Transaction Closing Date;

Dividend Equivalent Payment means the amount payable to the holders of Subscription Receipts upon the Acquisition Closing Date equal to the dividends declared by the Corporation on the Common Shares to holders of record on a date during the period from the Offering Closing Date to the Acquisition Closing Date;

Dividend Equivalent Payment means an amount to which a Participant becomes entitled under Rule 5.7;

Dividend Equivalent Payment has the meaning ascribed thereto in Section 2.3(c).

Dividend Equivalent Payment means a payment under Section 4 of this Agreement in an amount equal to the accumulated value of cash dividends and other cash distributions that would have been paid to the Participant on the shares of Unvested Performance Shares if they were vested from the Date of Grant until they become vested.