Consideration for Grant of Deferred Stock. Employee shall not be required to pay cash consideration for the grant of the Deferred Stock and dividend equivalents, but Employee's performance of services to the Company prior to the payout of the Deferred Stock shall be deemed to be consideration for this grant of Deferred Stock and dividend equivalents.
Appears in 4 contracts
Samples: Deferred Stock Retention Award Agreement, Deferred Stock Retention Award Agreement (New Jersey Resources Corp), Deferred Stock Retention Award Agreement (New Jersey Resources Corp)
Consideration for Grant of Deferred Stock. Employee shall not be required to pay cash consideration for the grant of the Deferred Stock and dividend equivalentsDividend Equivalents, but Employee's performance of services to the Company prior to the payout of the Deferred Stock shall be deemed to be consideration for this grant of Deferred Stock and dividend equivalentsDividend Equivalents.
Appears in 4 contracts
Samples: Deferred Stock Retention Award Agreement (New Jersey Resources Corp), Deferred Stock Retention Award Agreement (New Jersey Resources Corp), Deferred Stock Retention Award Agreement (New Jersey Resources Corp)
Consideration for Grant of Deferred Stock. Employee shall not be required to pay cash consideration for the grant of the Deferred Stock and dividend equivalentsStock, but Employee's performance of services to the Company prior to the payout of the Deferred Stock shall be deemed to be consideration for this grant of Deferred Stock and dividend equivalentsStock.
Appears in 3 contracts
Samples: Deferred Stock Retention Award Agreement (New Jersey Resources Corp), Deferred Stock Retention Award Agreement (New Jersey Resources Corp), Deferred Stock Retention Award Agreement (New Jersey Resources Corp)
Consideration for Grant of Deferred Stock. Employee shall not be required to pay cash consideration for the grant of the Deferred Stock and dividend equivalents, but Employee's ’s performance of services to the Company prior to the payout of the Deferred Stock shall be deemed to be consideration for this grant of Deferred Stock and dividend equivalents.
Appears in 1 contract
Samples: Deferred Stock Retention Award Agreement (New Jersey Resources Corp)
