Equivalent Right definition
Equivalent Right. Each RSU shall include a right to Dividend Equivalents.
Equivalent Right. Each RSU shall include a right to Dividend Equivalents. RSUs ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS RESTRICTED STOCK UNIT AWARD AGREEMENT AND THE PLAN. Further terms and conditions of the Award are set forth in Annex A hereto, which is an integral part of this RSU Award Agreement. All terms, provisions, and conditions applicable to the Restricted Stock Unit Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. By accepting this Award as provided in the following sentence, the Participant hereby acknowledges the receipt of a copy of this RSU Award Agreement including Annex A and a copy of the Prospectus and agrees to be bound by all the terms and provisions hereof and thereof. This Award and all prior RSU Awards not previously accepted will be deemed accepted if the participant does not decline this Award by accessing the Fidelity NetBenefits® website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and selecting the “Decline Grant” option for this Award within 30 days of the Date of Grant. [Note: The following language will be added to awards for Allstate Investment Management Limited employees: Separate conditions apply to employees of Allstate Investment Management Limited.] ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Chairman, President and Chief Executive Officer THE ALLSTATE CORPORATION Attachment: Annex A
Equivalent Right. Each RSU shall include a right to Dividend Equivalents. RSUs ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS RESTRICTED STOCK UNIT AWARD AGREEMENT AND THE PLAN. Further terms and conditions of the Award are set forth in Annex A hereto, which is an integral part of this RSU Award Agreement. All terms, provisions, and conditions applicable to the Restricted Stock Unit Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. By accepting this Award, the Participant hereby acknowledges the receipt of a copy of this RSU Award Agreement including Annex A and a copy of the Prospectus and agrees to be bound by all the terms and provisions hereof and thereof.
Examples of Equivalent Right in a sentence
Each Dividend Equivalent Right shall be subject to the provisions of Section 2.8.2 of the Plan.
The right to distributions set forth in this Section 6 shall be deemed a Dividend Equivalent Right for purposes of the Plan.
Each RSU includes a Dividend Equivalent Right, which entitles you to receive an amount (less applicable withholding), at or after the time of distribution of any regular cash dividend paid by GS Inc.
This Agreement also constitutes the award of a Dividend Equivalent Right to the Participant.
Payment in respect of a Dividend Equivalent Right shall be made only with respect to Year-End RSUs that are Outstanding on the relevant record date.
You will have a Dividend Equivalent Right with respect to each Unit that is outstanding on the record date of such dividend.
With respect to each Dividend Equivalent Right, any such cash dividends shall be converted into additional Units based on the Fair Market Value of a share of Common Stock on the date such dividend is paid.
Each Dividend Equivalent Right represents the right to receive all of the ordinary cash dividends that are or would be payable with respect to the Units.
Such additional Units shall be subject to the same terms and conditions applicable to the Unit to which the Dividend Equivalent Right relates, including, without limitation, the restrictions on transfer, forfeiture, vesting and payment provisions contained in this Agreement.
The Partnership hereby grants to the Grantee, and the Grantee hereby accepts from the Partnership, one Distribution Equivalent Right for each Phantom Unit granted herein equal to the cash value of all distributions declared and paid by the Partnership on Units from the Grant Date to and including the Vesting Date.
More Definitions of Equivalent Right
Equivalent Right. Each Unit shall include a right to dividend equivalents payable in cash. Any such additional cash payment shall be subject to the same vesting conditions and payment terms set forth herein as the Shares to which they relate. UNITS ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS AGREEMENT AND THE PLAN. Further terms and conditions of the Performance-Based Restricted Stock Unit Award are set forth in Annexes A, B, C and D hereto, which are integral parts of this Agreement. Capitalized terms not defined herein shall have the same definitions as set forth in the Plan. All terms, provisions, and conditions applicable to the Performance-Based Restricted Stock Unit Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. A copy of the Plan is available at the Fidelity Stock Plan Services, LLC (“Fidelity”) website at NetBenefits.com. By accepting this Performance-Based Restricted Stock Unit Award as provided in the following paragraph, the Employee hereby acknowledges the receipt of a copy of this Agreement, including Annexes A, B, C and D, and a copy of the Prospectus and agrees to be bound by all the terms and provisions hereof and thereof. By accepting your Performance-Based Restricted Stock Unit Award electronically on the Fidelity website, you acknowledge your acceptance of, and agreement to be bound by, this Agreement and the Plan. Your acceptance of the terms and conditions of this Agreement and the Plan through the Fidelity website is a condition to your receipt of Shares. You must log on to Fidelity’s website and accept the terms and conditions of this Agreement and the Plan within 90 calendar days of the Grant Date. If you do not accept the terms and conditions of this Agreement and the Plan within such time, this Performance-Based Restricted Stock Unit Award will be forfeited and cancelled by the Company without any payment to Employee. Attachment: Annexes A, B, C and D Further Terms and Conditions of Performance-Based Restricted Stock Unit Award. It is understood and agreed that the award of Units evidenced by the Agreement to which this is annexed is subject to the following additional terms and conditions:
Equivalent Right. Each RSU shall include a Dividend Equivalent Right. Further terms and conditions of the Award are set forth in Annex A hereto, which is an integral part of this RSU Award Agreement. All terms, provisions and conditions applicable to the Restricted Stock Unit Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Chairman, President and Chief Executive Officer THE ALLSTATE CORPORATION Attachment: Annex A
Equivalent Right. Each PSA shall include a right to Dividend Equivalents. PSAs ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS PSA AWARD AGREEMENT AND THE PLAN. Further terms and conditions of the Award are set forth in Annexes A and B hereto, which are integral parts of this PSA Award Agreement. All terms, provisions, and conditions applicable to the Performance Stock Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. A copy of the Plan is available at the Fidelity NetBenefits® website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. By accepting this Award as provided in the following sentence, the Participant hereby acknowledges the receipt of a copy of this PSA Award Agreement including Annex A, Annex B, and a copy of the Plan prospectus and agrees to be bound by all the terms and provisions hereof and thereof. This Award will be deemed accepted if the Participant does not decline this Award by accessing the Fidelity NetBenefits® website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and selecting the “Decline Grant” option for this Award within 30 days of the Date of Grant. Attachments: Annex A Annex B
Equivalent Right. Each PSA shall include a right to Dividend Equivalents. PSAs ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS PSA AWARD AGREEMENT AND THE PLAN. Further terms and conditions of the Award are set forth in Annexes A, B and C hereto, which are integral parts of this PSA Award Agreement. All terms, provisions, and conditions applicable to the Performance Stock Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. A copy of the Plan is available at the Fidelity NetBenefits® website at www.NetB▇▇▇▇▇▇▇.▇▇▇. ▇▇ ▇▇▇epting this Award as provided in the following sentence, the Participant hereby acknowledges the receipt of a copy of this PSA Award Agreement including Annex A, Annex B, Annex C, and a copy of the Plan prospectus and agrees to be bound by all the terms and provisions hereof and thereof. This Award will be deemed accepted if the Participant does not decline this Award by accessing the Fidelity NetBenefits® website at www.NetB▇▇▇▇▇▇▇.▇▇▇ ▇▇▇ ▇▇▇ecting the “Decline Grant” option for this Award within 30 days of the Date of Grant. Attachments: Annex A Annex B Annex C ANNEX A THE ALLSTATE CORPORATION 2019 EQUITY INCENTIVE PLAN PERFORMANCE STOCK AWARD AGREEMENT
Equivalent Right. Each PSA shall include a right to Dividend Equivalents. PSAs ARE SUBJECT TO FORFEITURE AS PROVIDED IN THIS PSA AWARD AGREEMENT AND THE PLAN. Further terms and conditions of the Award are set forth in Annexes A through D hereto, each of which forms an integral part of this PSA Award Agreement. All terms, provisions, and conditions applicable to the Performance Stock Award set forth in the Plan and not set forth herein are hereby incorporated by reference herein. To the extent any provision hereof is inconsistent with a provision of the Plan, the provisions of the Plan will govern. A copy of the Plan is available on the Equity Website. By accepting this Award as provided in the following sentence, the Participant hereby acknowledges the receipt of a copy of this PSA Award Agreement including Annexes A through D, and a copy of the Plan prospectus and agrees to be bound by all the terms and provisions hereof and thereof. This Award will not be released and no proceeds from the Award will be distributed until the Participant accepts the Award through the Equity Website. Attachments: Annex A Annex B Annex C Annex D