Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("Dividend Equivalents"). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 below, and no Dividend Equivalent will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
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Samples: Restricted Stock Unit Award Agreement (Alliance Data Systems Corp), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested have not been settled as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 3 of this Agreement below, and no Dividend Equivalent Equivalents will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
Appears in 6 contracts
Samples: Restricted Stock Unit Award Agreement (Bread Financial Holdings, Inc.), Restricted Stock Unit Award Agreement (Bread Financial Holdings, Inc.), Non Employee Director Restricted Stock Unit Award Agreement (Bread Financial Holdings, Inc.)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 below, and no Dividend Equivalent will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Alliance Data Systems Corp), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 3 of this Agreement below, and no Dividend Equivalent Equivalents will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Loyalty Ventures Inc.), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp), Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 Error! Reference source not found. below, and no Dividend Equivalent will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
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Samples: Non Employee Director Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 3 below, and no Dividend Equivalent Equivalents will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled.
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Samples: Non Employee Director Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)
Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's ’s account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that are unvested as of that record date ("“Dividend Equivalents"”). Such Dividend Equivalents will be subject to the vesting requirements of Section 4 3 of this Agreement below, and no Dividend Equivalent Equivalents will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled..
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