Common use of Cash Dividends Clause in Contracts

Cash Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of cash, then additional Units shall be credited to your Account (in lieu of payment or crediting of cash dividend equivalents) in a number equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 2 contracts

Samples: Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

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Cash Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of cash, then additional Units shall be credited to your Employee’s Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Common Stock at the payment date for such dividend or distribution.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

Cash Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of cash, then additional Units shall be credited to your Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

Cash Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of cash, then additional Units shall be credited to your Director’s Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 2 contracts

Samples: www.sec.gov, Restricted Stock Units Award Agreement (Horace Mann Educators Corp /De/)

Cash Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of cash, then additional Units shall be credited to your Employee’s Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

Cash Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of cash, then additional Units shall be credited to your Director’s Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share in such dividend or distribution divided by the Fair Market Value of a share of Common Stock at the payment date for such dividend or distribution.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

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Cash Dividends. If the Company declares and pays a dividend or distribution on shares of Stock in the form of cash, then additional Units shall be credited to your Employee's Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share of Stock in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 1 contract

Samples: Performance Units Agreement (New Jersey Resources Corp)

Cash Dividends. If the Company declares and pays a dividend or distribution on Common Stock in the form of cash, then a number of additional Units shall be credited to your Employee's Account (in lieu as of the payment date for such dividend or crediting of cash dividend equivalents) in a number distribution equal to the number of Units credited to the Account as of the relevant record date for such dividend or distribution multiplied by the amount of cash actually paid per share in such as a dividend or distribution on each outstanding share of Common Stock at such payment date, divided by the Fair Market Value of a share of Common Stock at the such payment date for such dividend or distributiondate.

Appears in 1 contract

Samples: Stock Unit Agreement (International Flavors & Fragrances Inc)

Cash Dividends. If the Company declares and pays a dividend or distribution on shares of Stock in the form of cash, then additional Units shall be credited to your Employee’s Account (in lieu of payment or crediting of cash dividend equivalents) in a number equivalents equal to the number of Units credited to the Account as of the relevant record date multiplied by the amount of cash paid per share of Stock in such dividend or distribution divided by the Fair Market Value of a share of Stock at the payment date for such dividend or distribution.

Appears in 1 contract

Samples: Performance Units Agreement (New Jersey Resources Corp)

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