Dividend Equivalents. In the event of any issuance of a cash dividend on the shares of Class A Common Stock (a “Dividend”), the Participant shall be entitled to receive, with respect to each RSU granted pursuant to this Agreement and outstanding as of the record date for such Dividend, payment of an amount equal to the Dividend at the same time as the Dividend is paid to holders of shares of Class A Common Stock generally.
Appears in 30 contracts
Samples: Restricted Stock Unit and Common Stock Award Agreement (Virtu Financial, Inc.), Restricted Stock Unit Award Agreement (Virtu Financial, Inc.), Restricted Stock Unit and Common Stock Award Agreement (Virtu Financial, Inc.)
Dividend Equivalents. In the event of any issuance of a cash dividend on the shares of Class A Common Stock (a “"Dividend”"), the Participant shall be entitled to receivecredited, as of the payment date for such Dividend, with respect an additional number ofRSUs (each, an "Additional RSU") equal to each RSU the quotient obtained by dividing (a) the product of (i) the number of RSUs granted pursuant to this Agreement and outstanding as of the record date for such Dividend, payment Dividend multiplied by (ii) the amount of an amount equal to the Dividend at the same time as the Dividend is paid to holders of shares of Class A Common Stock generally.per share, divided by
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Virtu Financial, Inc.), Restricted Stock Unit Award Agreement (Virtu Financial, Inc.), Restricted Stock Unit Award Agreement (Virtu Financial, Inc.)
