Common use of Accrual and Payment of Dividends Clause in Contracts

Accrual and Payment of Dividends. A holder of a Plan Share Award, whether or not 100% earned and non-forfeitable, shall also be entitled to receive an amount equal to any cash dividends declared and paid with respect to shares of Common Stock represented by such Plan Share Award between the date the relevant Plan Share Award was granted to such Participant and the date the Plan Shares are distributed. Such cash dividend amounts shall be paid to such Participant, less applicable income tax withholding, within 30 days of the dividend payment date attributable to such dividend payable on the Common Stock. Such payment shall also include an appropriate amount of earnings, if any, of the Trust assets with respect to any cash dividends so distributed.