Dividend Unit definition

Dividend Unit means the unit of Investment upon which Dividends are declared for each totalisator bet type.

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Dividend Unit means a right to receive, in accordance with the provisions of the Plan, a payment equal to the dividends that are paid on a share of Common Stock of the Company for a stated period of time.

Dividend Unit means those units of the Limited Partnership that have an entitlement to receive Distributions of Limited Partnership Profits or Property in accordance with the ratio of such percentage of each Dividend Unit issued to one Partner as the numerator and the aggregate total of all Dividend Units issued to all Partners, but which Dividend Units shall have no voting rights;

Examples of Dividend Unit in a sentence

• These Dividend Units thereafter (i) will be treated as PSUs for purposes of future dividend accruals pursuant to this Section 4; and (ii) will vest in such amounts (rounded to the nearest whole Dividend Unit) at the same time as the PSUs with respect to which such Dividend Units were received.

• These Dividend Units thereafter (i) will be treated as RSUs for purposes of future dividend accruals pursuant to this Section 4; and (ii) will vest in such amounts (rounded to the nearest whole Dividend Unit) at the same time as the RSUs with respect to which such Dividend Units were received.

• Each PSU and Dividend Unit shall remain restricted and subject to forfeiture unless and until it has vested in Executive in accordance with the Plan and this Agreement.

• To the extent any additional Restricted Stock Units are delivered pursuant to a Dividend Unit Right, such additional Restricted Stock Units shall be subject to the payment schedule set forth below in Section 6.

• Each RSU and Dividend Unit shall remain restricted and subject to forfeiture unless and until it has vested in Employee in accordance with the Plan and this Agreement.

• Once credited, each Dividend Unit shall be treated as a Unit hereunder and shall be subject to the same terms and conditions as those terms and conditions as the Units from which such Dividend Unit is derived, including but not limited to vesting schedule and rights to Dividend Units with respect to future Dividends.

• Each PSU and Dividend Unit shall remain restricted and subject to forfeiture unless and until it has vested in accordance with the Plan and this Agreement.

• In the event of termination of employment, each Dividend Unit granted herein shall remain outstanding for the duration of this option until paid upon exercise, but shall terminate upon termination, cancellation or expiration of this option.

• A grant of Dividend Unit Rights may provide that such Dividend Unit Rights shall be subject to the same vesting and payment provisions as the tandem Award or be subject to such other provisions and restrictions as determined by the Board in its sole discretion.

• With respect to each RSU and Dividend Unit that vests, the Company shall, within a reasonable time after the vesting, and in no event more than thirty (30) days later, issue one Share to Executive without restrictions except as expressly relate to the Shares under the Plan or this Agreement.

More Definitions of Dividend Unit

Dividend Unit means an Award granted under Article XI of the Plan.

Dividend Unit means a contingent right to receive a payment

Dividend Unit means, in the case of a cash dividend, the cash equivalent thereof and, in the case of any other dividend or distribution, the "fair value" thereof as such amount shall be determined in good faith by the Committee.

Dividend Unit means the equivalent number of shares of Common Stock paid or made by the Company with respect to a share of its Common Stock.