Common use of Dividend Rights Clause in Contracts

Dividend Rights. Notwithstanding the preceding subsection, on the Release Date on which RSUs are settled (or on the earliest regular payroll date thereafter on which practicable), the Company shall make a payment in cash equal to the aggregate amount that would have been paid as dividends on the shares of Stock issued or transferred in settlement (before any reduction for tax withholding) as if such shares had been outstanding on each dividend record date on and after the Effective Date and prior to the date on which settlement occurs.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Mgic Investment Corp), Restricted Stock Unit Agreement (Mgic Investment Corp), Restricted Stock Unit Agreement (Mgic Investment Corp)

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Dividend Rights. Notwithstanding the preceding subsectionsubparagraph, on to the Release Date on which extent RSUs are settled (or on the earliest regular payroll date thereafter on which practicable)a Release Date, the Company shall make a payment in cash equal to the aggregate amount that would have been paid as dividends on the shares of Stock issued or transferred in settlement (before any reduction for tax withholding) as if such shares had been outstanding on each dividend record date on and after the Effective Dividend Start Date specified in the Base Instrument and prior to the date on which settlement occurs.

Appears in 3 contracts

Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)

Dividend Rights. Notwithstanding the preceding subsectionsubparagraph, on to the Release Date on which extent RSUs are settled (or on the earliest regular payroll date thereafter on which practicable)a Release Date, the Company shall make a payment in cash equal to the aggregate amount that would have been paid as dividends on the shares of Stock issued or transferred in settlement (before any reduction for tax withholding) as if such shares had been outstanding on each dividend record date on and after the Effective Dividend Start Date specified on the signature page and prior to the date on which settlement occurs.

Appears in 3 contracts

Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)

Dividend Rights. Notwithstanding the preceding subsection, on the Release Date on which RSUs are settled (or on the earliest regular payroll date thereafter on which practicable)settled, the Company shall make a payment in cash equal to the aggregate amount that would have been paid as dividends on the shares of Stock issued or transferred in settlement (before any reduction for tax withholding) as if such shares had been outstanding on each dividend record date on and after the Effective Date and prior to the date on which settlement occurs.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Mgic Investment Corp), Restricted Stock Unit Agreement (Mgic Investment Corp)

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Dividend Rights. Notwithstanding the preceding subsection, on to the Release Date on which extent RSUs are settled (or on the earliest regular payroll date thereafter on which practicable)a Release Date, the Company shall make a payment in cash equal to the aggregate amount that would have been paid as dividends on the shares of Stock issued or transferred in settlement (before any reduction for tax withholding) as if such shares had been outstanding on each dividend record date on and after the Effective Dividend Start Date specified in the Base Instrument and prior to the date on which settlement occurs.

Appears in 1 contract

Samples: Incorporated Terms (Mgic Investment Corp)

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