Additional Cash Payment. On the Vesting/Payment Date on which Restricted Equivalents vest, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient in lieu of the Restricted Equivalents that so vested as well as any cash dividends for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date described in paragraph 4, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment.
Appears in 4 contracts
Samples: Restricted Stock Equivalent Award Agreement (EDGEWELL PERSONAL CARE Co), Restricted Stock Equivalent Award Agreement (Energizer Holdings, Inc.), Restricted Stock Equivalent Award Agreement (EDGEWELL PERSONAL CARE Co)
Additional Cash Payment. On the Vesting/Payment Date on which Restricted Performance Equivalents vest, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Effective Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient Recipient in lieu of the Restricted Performance Equivalents that so vested as well as any cash dividends dividend for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date described in paragraph 44 or 5, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting date occurs, or, if laterlater than the last day of the calendar year, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment.
Appears in 3 contracts
Samples: Performance Restricted Stock Equivalent Award Agreement (EDGEWELL PERSONAL CARE Co), Performance Restricted Stock Equivalent Award Agreement (EDGEWELL PERSONAL CARE Co), Performance Restricted Stock Equivalent Award Agreement (Energizer Holdings Inc)
Additional Cash Payment. On the Vesting/Payment Date on which Restricted Performance Equivalents vestvest (or the date of transfer of accelerated Performance Equivalents pursuant to Section 4 below), the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Effective Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient Recipient in lieu of the Restricted Performance Equivalents that so vested as well as any cash dividends dividend for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date payment described in paragraph Section 4, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting payment date occurs, or, if laterlater than the last day of the calendar year, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment.
Appears in 1 contract
Samples: Performance Restricted Stock Equivalent Award Agreement (Energizer Holdings, Inc.)
Additional Cash Payment. On the Vesting/Payment Date on which Restricted Equivalents vest, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient in lieu of the Restricted Equivalents that so vested as well as any cash dividends for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date described in paragraph 4, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment. 4.
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Samples: www.sec.gov
Additional Cash Payment. On the Vesting/Payment Date on which Restricted Equivalents vest, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient in lieu of the Restricted Equivalents that so vested as well as any cash dividends for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date described in paragraph 44 or 5, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting date occurs, or, if laterlater than the last day of the calendar year, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment.
Appears in 1 contract
Samples: Restricted Stock Equivalent Award Agreement (Energizer Holdings Inc)
Additional Cash Payment. On the Vesting/Payment Date on which Restricted Equivalents Units vest, the Company shall pay the Recipient or his or her beneficiary an amount equal to the amount of cash dividends, if any, that would have been paid to the Recipient between the Date of Grant and such Vesting/Payment Date had vested shares of Common Stock been issued to the recipient in lieu of the Restricted Equivalents Units that so vested as well as any cash dividends for which the record date has passed but the payment date has not yet occurred. Such amounts shall be paid in a single lump-sum as soon as practicable following such Vesting/Payment Date or accelerated vesting date described in paragraph 4, but in no event later than the last day of the calendar year in which the Vesting/Payment Date or accelerated vesting date occurs, or, if later, the 15th day of the third month following the end of the month in which such Vesting/Payment Date or accelerated payment date occurs. No interest shall be included in the calculation of such additional cash payment.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Energizer Holdings, Inc.)