Alternative Vesting of Awards. Notwithstanding the provisions of Section 1 hereof, and subject to the payment provisions of Section 5 hereof, Grantee’s right to receive the Common Shares covered by this Agreement and any Deferred Cash Dividends then accumulated with respect thereto may become nonforfeitable if any of the following circumstances apply:
Appears in 19 contracts
Samples: Deferred Shares Agreement (Timken Co), Deferred Shares Agreement (TimkenSteel Corp), Deferred Shares Agreement (Timken Co)
Alternative Vesting of Awards. Notwithstanding the provisions of Section 1 hereof, and subject to the payment provisions of Section 5 hereof, Grantee’s right to receive a cash payment in respect of the Common Shares Deferred Share Equivalents covered by this Agreement and any Deferred Cash Dividends Dividend Equivalents then accumulated with respect thereto may become nonforfeitable if any of the following circumstances apply:
Appears in 8 contracts
Samples: Deferred Share Equivalents Agreement (Timken Co), Deferred Share Equivalents Agreement (Timken Co), Deferred Share Equivalents Agreement (Timken Co)
