Common use of Dividends; Rights as Stockholder Clause in Contracts

Dividends; Rights as Stockholder. This Agreement shall only be settled by the Company by delivery of the number of shares of Common Stock that correspond to the number of RSUs that have become vested on the applicable vesting date. Participant shall not be entitled to settle any vested RSUs for cash or in any other manner. Further, the Participant shall not be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents in respect of the number of shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares. Further, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Hagerty, Inc.), Restricted Stock Unit Award Agreement (Hagerty, Inc.), Restricted Stock Unit Award Agreement (Hagerty, Inc.)

AutoNDA by SimpleDocs

Dividends; Rights as Stockholder. This Agreement shall only be settled by the Company by delivery of the number of shares of Common Stock that correspond to the number of RSUs PRSUs that have become vested on the applicable vesting date. Participant shall not be entitled to settle any vested RSUs PRSUs for cash or in any other manner. Further, the Participant shall not be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents in respect of the number of shares of Common Stock covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares. Further, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Hagerty, Inc.), Performance Restricted Stock Unit Award Agreement (Hagerty, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.