Dividend Equivalent Right. Grantee shall be entitled to a Dividend Equivalent Right entitling Grantee, with respect to each Restricted Stock Unit, to receive a cash payment based on the regular cash dividends that would have been paid on a share of Stock during the period between the Grant Date of the Restricted Stock Units and the date the Restricted Stock Units are paid pursuant to Section 6. All amounts payable as a result of such Dividend Equivalent Right shall be accumulated and paid to Grantee in cash on the date that payment is made in respect of the related Restricted Stock Units in accordance with Section 6, above.
Dividend Equivalent Right. Grantee shall be entitled to a Dividend Equivalent Right entitling Grantee, with respect to each Performance Stock Unit, to receive a cash payment based on the regular cash dividends that would have been paid on a share of Stock during the period commencing on the Grant Date of the Performance Stock Units and ending on the date the Performance Stock Units are paid pursuant to Section 6. All amounts payable as a result of such Dividend Equivalent Right shall be accumulated and paid to Grantee in cash on the date that payment is made in respect of the related Performance Stock Units in accordance with Section 6, above. For the sake of clarity, no Dividend Equivalent Rights shall be paid in respect of PSUs that are forfeited.
Dividend Equivalent Right. Each RSU entitles a Participant to receive a cash amount (less applicable withholding) equal to the sum of all regular dividend payments as would have been made in respect of each share of Stock underlying such RSUs if the Participant were the holder of such shares during the Period of Restriction. The dividend equivalent payments will accrue during the Period of Restriction for the underlying RSUs and will be paid within 30 days of the Conversion Date of such RSUs. Dividend equivalent payments shall be made only with respect to such RSUs that were outstanding on the applicable dividend record date.
Dividend Equivalent Right. During the Period of Restriction, each RSU entitles a Participant to receive a cash amount equal to such regular dividend payment as would have been made in respect of each share of Stock underlying such RSU in accordance with the following schedule: Regular Dividend Payment (“RDP”), if any Dividend Equivalent Payment Date 1st Quarter January 1 through March 31 of the year RDP paid 2nd Quarter April 1 through June 30 of the year RDP paid 3rd Quarter July 1 through September 30 of the year RDP paid 4th Quarter October 1 through December 31 of the year RDP paid Cash payment with respect to a Dividend Equivalent right shall be made only with respect to such RSUs that are outstanding on the dividend record date.
Dividend Equivalent Right. Grantee shall be entitled to a Dividend Equivalent Right entitling Grantee, with respect to each Performance Share actually earned under this Agreement, to receive a cash payment based on the regular cash dividends that would have been paid on an equivalent number of shares of Stock during the period between the Grant Date of the Performance Shares and the date the Performance Shares are paid pursuant to Section 5. All amounts payable as a result of such Dividend Equivalent Right shall be accumulated and paid to Grantee in cash on the date that payment is made in respect of the related Performance Shares in accordance with Section 5, above.
Dividend Equivalent Right. Each PSA that vests in accordance with the PSA Award Agreement (including Annexes A and B) entitles a Participant to receive a cash Dividend Equivalent payment equal to the sum of all regular dividend payments that would have been made in respect of each share of Stock underlying such vested PSAs if the Participant were the holder of such shares during the period commencing on the Date of Grant and ending on the day prior to the Conversion Date (less applicable tax withholdings). Any Dividend Equivalents will be paid within 30 days of the Conversion Date of such PSAs. For avoidance of doubt, Dividend Equivalents shall only be earned with respect to vested PSAs to the extent such PSAs were outstanding on the dividend record date of the dividend to which the Dividend Equivalent relates.
Dividend Equivalent Right. During the Period of Restriction, each RSU entitles a Participant to receive at or as soon as practicable after the time of distribution of any regular cash dividend paid by the Company in respect of a share of Stock the record date for which occurs on or after the Date of Grant, a cash amount (less applicable withholding) equal to such regular dividend payment as would have been made in respect of each share of Stock underlying such RSU. Cash payment with respect to a Dividend Equivalent Right shall be made only with respect to such RSUs that are outstanding on the dividend record date. Regular dividends will be paid on the shares of Stock following conversion of the RSUs.
Dividend Equivalent Right. Each Restricted Share Unit shall include a Dividend-Equivalent Right such that on the payment date for cash dividends paid on Shares (the “Dividend Payment Date”), the Participant’s Restricted Share Unit Account shall be credited with additional Restricted Share Units in respect of Restricted Share Units credited to and outstanding in the Participant’s Restricted Share Unit Account as of the record date for payment of such dividends (the “Dividend Record Date”). The number of such additional Restricted Share Units to be credited to the Participant’s Restricted Share Unit Account will be calculated (to two (2) decimal places) by dividing the total amount of the dividends that would have been paid to the Participant if the Restricted Share Units in the Participant’s Restricted Share Unit Account (including fractions thereof), as of the Dividend Record Date, were Shares, by the Fair Market Value of a Share on the Dividend Payment Date. The terms and conditions of any such additional Restricted Share Units shall be identical to the underlying Restricted Share Units held by the Participant, including conditions of vesting and timing of settlement. For the avoidance of doubt, no additional Restricted Share Units will be credited or granted pursuant to this Section 2(b) where the Dividend Record Date relating to dividends falls after the termination of the Participant’s employment with or the cessation of services to the Corporation and its Affiliates, as applicable, or the settlement of such Restricted Share Units, whichever occurs first.
Dividend Equivalent Right. Grantee shall be entitled to a Dividend Equivalent entitling Grantee, with respect to each Restricted Stock Unit, to receive a cash payment based on the regular cash dividends that would have been paid on a share of Stock during the period between the Grant Date and the Settlement Date of the Restricted Stock Units. All amounts payable as a result of such Dividend Equivalent (i) with respect to vested Restricted Stock Units shall be paid to Grantee in cash at the same time dividends are paid to the Company’s stockholders and (ii) with respect to unvested Restricted Stock Units shall be paid to Grantee in cash if and when such underlying Restricted Stock Unit vests.
Dividend Equivalent Right. Subject to the restrictions, limitations and conditions as described in the Plan, the Company also grants to the Grantee a dividend equivalent right (under Section 8.3 of the Plan) with respect to the shares of Stock underlying the DSUs. Any dividend equivalents credited with respect to shares of Stock underlying the DSUs shall be paid in cash (without interest) at the same time as the underlying shares of Stock to which the dividend equivalents relate are distributed to the Grantee under Paragraph 1 above.
