Common use of Common Stock Dividends and Splits Clause in Contracts

Common Stock Dividends and Splits. If the Company declares and pays a dividend or distribution on Common Stock in the form of additional shares, or there occurs a forward split of Common Stock, then a number of additional Performance Share Units shall be credited to you as of the payment date for such dividend or distribution or forward split equal to (A) the number of Performance Share Units credited to you as of the record date for such dividend or distribution or split (other than previously settled or forfeited Performance Share Units), multiplied by (B) the number of additional shares actually paid as a dividend or distribution or issued in such split in respect of each outstanding share of Common Stock.

Appears in 2 contracts

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co), Performance Share Units Agreement (Bristol Myers Squibb Co)

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Common Stock Dividends and Splits. If the Company declares and pays a dividend or distribution on shares of the Company's Common Stock in the form of additional sharesshares of Common Stock, or there occurs a forward split of the Company's Common Stock, then a number of additional Performance Share Units shall be credited to you the Grantee as of the payment date for such dividend or distribution or forward split equal to (A) the number Maximum Amount of Performance Share Units credited to you that may still vest under this Agreement as of the record date for such dividend or distribution or split (other than previously settled or forfeited Performance Share Units)distribution, multiplied by (B) the number of additional shares actually paid as a dividend or distribution or issued in such split in respect of each outstanding share of Common Stock.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc), Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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Common Stock Dividends and Splits. If the Company declares and pays a dividend or distribution on shares of the Company’s Common Stock in the form of additional shares, or there occurs a forward split shares of Common Stock, then a number of additional Performance Share Units shall be credited to you the Grantee as of the payment date for such dividend or distribution or forward split equal to (A) the number Target Amount of Performance Share Units credited to you that may still vest under this Agreement as of the record date for such dividend or distribution or split (other than previously settled or forfeited Performance Share Units)distribution, multiplied by (B) the number of additional shares actually paid as a dividend or distribution or issued in such split in respect of each outstanding share of Common Stock.

Appears in 1 contract

Samples: Special Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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