Additional Delivery. Within 2½ months of the date Restricted Stock Units have vested pursuant to this Award Agreement, the Company shall pay to the Grantee a dividend equivalent equal to the aggregate per share cash dividends with respect to all cash dividend record dates that fall between the Award Date and the relevant Vesting Date multiplied by the number of Restricted Stock Units that vest as of such Vesting Date (without interest). The Company may withhold from any payment that it is required to make under this Award Agreement amounts sufficient to satisfy applicable withholding requirements under any federal, state or local law due in connection with this Award or the payment described in this section. No dividends shall be paid to the Grantee with respect to any Restricted Stock Unit that does not vest and is forfeited by the Grantee.
Appears in 6 contracts
Samples: Based Award Agreement (Methode Electronics Inc), Restricted Stock Unit Award Agreement (Methode Electronics Inc), Award Agreement (Methode Electronics Inc)
Additional Delivery. Within 2½ months of the date Restricted Stock Units have vested pursuant to this Award Agreement, the Company shall pay to the Grantee a dividend equivalent equal to the aggregate per share cash dividends with respect to all cash dividend record dates that fall between the Award Date and the relevant Vesting Date multiplied by the number of Restricted Stock Units that vest as of such Vesting Date (without interest). The Company may withhold from any payment that it is required to make under this Award Agreement amounts sufficient to satisfy applicable withholding requirements under any federal, state state, local or local foreign law due in connection with this Award or the payment described in this section. No dividends shall be paid to the Grantee with respect to any Restricted Stock Unit that does not vest and is forfeited by the Grantee.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Methode Electronics Inc)