Treatment of Dividends. The Grantee shall have, with respect to the Restricted Shares covered by this Agreement, all of the rights of a shareholder of the Company, including the right to vote the shares, and the right to receive any dividends. However, any dividends on such shares shall be automatically deferred and reinvested in additional Restricted Shares subject to the same restrictions as the underlying award (as long as there are sufficient shares available under Section 3 of the Plan).
Treatment of Dividends. If the Company pays any cash dividend or similar cash distribution on the Company Common Stock, the Company shall credit to the Employee’s account an amount equal to the product of (x) the number of the Employee’s Restricted Stock Units as of the record date for such distribution times (y) the per share amount of such dividend or similar cash distribution on Company Common Stock. If the Company makes any dividend or other distribution on the Company Common Stock in the form of Company Common Stock or other securities, the Company will credit the Employee’s account with that number of additional Shares or other securities that would have been distributed with respect to that number of Shares underlying the Employee’s Restricted Stock Units as of the record date thereof, or, in its discretion, the Administrator may elect to credit the value (as determined by the Administrator) of such additional Shares or other securities to the Employee’s account in cash. Any such additional Shares, other securities or cash shall be subject to the same restrictions as apply to the Restricted Stock and shall be paid to the Employee if and when the related Settlement Date occurs (and shall be forfeited if the related Restricted Stock Units are forfeited).
Treatment of Dividends. At the time an Award of Restricted Stock is made, the Committee may, in its discretion, determine that the payment to the Grantee of any dividends, or a specified portion thereof, declared or paid on such Restricted Stock shall be (i) deferred until the lapsing of the relevant restrictions, and (ii) held by the Company for the account of the Grantee until such lapsing. In the event of such deferral, there shall be credited at the end of each year (or portion thereof) interest on the amount of the account at the beginning of the year at a rate per annum determined by the Committee. Payment of deferred dividends, together with interest thereon, shall be made upon the lapsing of restrictions imposed on such Restricted Stock, and any dividends deferred (together with any interest thereon) in respect of Restricted Stock shall be forfeited upon any forfeiture of such Restricted Stock.
Treatment of Dividends. Any dividends or other distributions paid with respect to the Stock prior to the Vesting Date of the CPSUs shall accrue and shall be converted to additional target CPSUs based on the closing price of the Stock on any dividend distribution date, provided that such additional CPSUs shall be subject to the same vesting and performance conditions as are the CPSUs with respect to which they were paid, and shall become earned and vest and be paid to the Grantee only to the extent (and at the same time) that underlying CPSUs vest, and are settled.
Treatment of Dividends. Any dividends declared or paid on the Restricted Stock Shares shall be (i) deferred until the lapsing of the Forfeiture Restrictions applicable to such Shares and (b) held by the Company for the account of the Employee until such time. The Committee shall determine whether such dividends are to be reinvested in shares (which shall be held as additional Restricted Stock Shares) or held in cash. If deferred dividends are to be held in cash, there may be credited at the end of each year (or portion thereof) interest on the amount of the account at a rate per annum as the Committee, in its discretion, may determine. Payment of deferred dividends in respect of the Restricted Stock Shares (whether held in cash or as additional Restricted Stock Shares), together with interest accrued thereon, if any, shall be made upon the lapsing of the Forfeiture Restrictions applicable to the Restricted Stock Shares in respect of which the deferred dividends were paid, and any dividends deferred (together with any interest accrued thereon) in respect of any of the Restricted Stock Shares shall be forfeited upon the forfeiture of such shares.
Treatment of Dividends. If the Company pays any cash dividend or similar cash distribution on the Company Common Stock, the Company shall credit to the Employee’s account an amount equal to the product of (x) the number of the Employee’s Performance Shares (based on the Target Number) as of the record date for such distribution times (y) the per share amount of such dividend or similar cash distribution on Company Common Stock. If the Company makes any dividend or other distribution on the Company Common Stock in the form of Company Common Stock or other securities, the Company will credit the Employee’s account with that number of additional Shares or other securities that would have been distributed with respect to that number of Shares underlying the Employee’s Performance Shares (based on the Target Number) as of the record date thereof, or, in its discretion, the Administrator may elect to credit the value (as determined by the Administrator) of such additional Shares or other securities to the Employee’s account in cash. Any such additional Shares, other securities or cash shall be subject to the same adjustments and restrictions as apply to the Performance Shares and shall be paid to the Employee if and when the related Settlement Date occurs (and, for clarity, shall be increased if greater than the Target Number is earned and forfeited if the related Performance Shares are forfeited).
Treatment of Dividends. The first or interim dividend payments on the shares issued pursuant to exercise of the Subscription Rights shall be made regarding that the shares are issued on January 1 of the relevant year for the exercise of the Subscription Rights between January 1 and June 30, and on July 1 of the relevant year for the exercise of the Subscription Rights between July 1 and December 31 of each year.
Treatment of Dividends. Whenever dividends (other than dividends ---------------------- payable only in shares of Stock) are paid with respect to Stock, each Participant shall be paid an amount in cash equal to the number of his vested RSUs multiplied by the dividend value per share. In addition, each Participant's account shall be credited with an amount equal to the number of such Participant's nonvested RSUs multiplied by the dividend value per share. Amounts credited with respect to each nonvested RSU shall be paid, without interest, on the date the Participant becomes vested in such RSU, or when the Participant receives payment of his nonvested RSUs.
Treatment of Dividends. Warrant holder shall be entitled to receive dividends issued (if issued) in respect of the Ordinary Shares of the Company on an as exercised basis.
Treatment of Dividends. Notwithstanding any provisions of the Plan, the Grantee shall not receive dividends or dividend equivalents on the Stock Units.
