Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreement, Grantee shall be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on which Grantee receives payment of the Common Shares covered by this Agreement pursuant to Section 5 hereof or at the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreement. The Deferred Cash Dividends shall accumulate without interest.
Appears in 18 contracts
Samples: Deferred Shares Agreement (Timken Co), Deferred Shares Agreement (Timken Co), Deferred Shares Agreement (Timken Co)
Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreement, Grantee shall will be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on which Grantee receives payment of the Common Shares covered by this Agreement pursuant to Section 5 hereof or at the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreement. The Deferred Cash Dividends shall will accumulate without interest.
Appears in 2 contracts
Samples: Deferred Shares Agreement (Timken Co), Deferred Shares Agreement (Timken Co)
Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreement, Grantee shall be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on upon which Grantee receives payment of Grantee’s right to receive the Common Shares covered by this Agreement pursuant to Section 5 1 hereof or at Section 2 hereof, as the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreementcase may be, becomes nonforfeitable. The Deferred Cash Dividends shall accumulate without interest.
Appears in 1 contract
Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreementagreement, the Grantee shall be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on upon which Grantee receives payment of the Grantee’s right to receive the Common Shares covered by this Agreement agreement pursuant to Section 5 1 hereof or at Section 2 hereof, as the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreementcase may be, becomes nonforfeitable. The Deferred Cash Dividends shall accumulate without interest.
Appears in 1 contract
Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreement, Grantee shall be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on which Grantee receives payment of the Common Shares covered by this Agreement pursuant to Section 5 hereof hereof, or at the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreement. The Deferred Cash Dividends shall accumulate without interest.
Appears in 1 contract
Crediting of Deferred Cash Dividends. With respect to each of the Common Shares covered by this Agreementagreement, the Grantee shall be credited on the records of the Company with Deferred Cash Dividends in an amount equal to the amount per share of any cash dividends declared by the Board on the outstanding Common Shares during the period beginning on the Date of Grant and ending on the date on upon which Grantee receives payment of the Optionee's right to receive the Common Shares covered by this Agreement agreement pursuant to Section 5 1 hereof or at a prorated portion thereof pursuant to Section 2 hereof, as the time when the Common Shares covered by this Agreement are forfeited in accordance with Section 3 of this Agreementcase may be, becomes nonforfeitable. The Deferred Cash Dividends shall accumulate without interest.
Appears in 1 contract