Crediting of Dividends Sample Clauses

Crediting of Dividends. Whenever Shares are issued to a Participant pursuant to Section 9(c) above, such Participant shall also be entitled to receive, with respect to each Share issued, a cash amount equal to any cash dividends (plus simple interest at a rate of five percent per annum, or such other reasonable rate as the Committee may determine), and a number of Shares equal to any stock dividends which were declared and paid to the holders of Shares between the Grant Date and the date such Share is issued.
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Crediting of Dividends. 142 (1) Subject to the rights of persons, if any, entitled to shares with special rights as to dividend, all dividends shall be declared and paid according to the amounts paid or credited as paid on the shares in respect whereof the dividend is paid, but no amount paid or credited as paid on a share in advance of calls shall be treated for the purpose of this Article as paid on the share.
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Crediting of Dividends. Dividends on all accounts that earn them are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividends will begin to accrue on the business day you deposit non-cash items (for example, checks) to your account. Dividends are not available to you until they have been credited to your account. Dividends that are credited to your account will be added directly into your account. If you close your account before dividends are paid, you will not receive the accrued dividends.
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Crediting of Dividends. (a) Each Director with shares credited to his or her Stock Deferred Fee Account on the record date of a dividend on the Common Stock shall be credited on the payment date of the dividend with an amount determined by the product of the number of Shares credited to the Director's Stock Deferred Fee Account on the dividend record date and the dividend per share on the Common Stock.
Sample 1
Crediting of Dividends. If on any date the Company pays a cash dividend on common shares of the Company (the “Shares”), you will receive dividend equivalents on your Units credited in the form of additional Units. The number of Units credited to you shall be determined by the following formula: (# of Units in your account1 x Cash Dividend Amount) Fair Market Value per Share on Dividend Payment Date2 Note 1 = Aggregate number of Units credited to you as of the dividend record date. Note 2 = Fair Market Value is the closing sales price on the dividend payment date. In the case of a dividend paid on Shares in the form of Shares, the number of additional Units credited to you shall equal to the product of (i) the aggregate number of Units that have been credited to you through the related dividend record date, and (ii) the number of Shares (including any fraction thereof) payable as a dividend on a Share. The number and terms of the Units shall be adjusted in accordance with the provisions of the Plan. In the case of a dividend payable in property other than Shares or cash, the per Share value of such dividend shall be the same as applied to all other shareholders of the Company as is determined in good faith by the Board. Tyco International Ltd. FY09 DSU Award Agreement Tyco Board of Directors FY09 Deferred Stock Unit Award (Please sign below and return a copy of the FY09 Award Agreement in the enclosed envelope) I hereby accept the deferred stock unit award described in this Award Agreement. I agree to be bound by the provisions of the Tyco International Ltd. 2004 Stock and Incentive Plan and the Award Agreement. I have been advised that if I am an affiliate of the Company, resales of any Shares received by me will be subject to the Securities Act of 1933, as amended (the “Act”) and I agree that I will comply with restrictions on resales by affiliates as provided by the Act. In addition, by signing and returning a copy of this agreement, I acknowledge receipt of the documents constituting the Plan. Signature: Date: Name:
Sample 1

Related to Crediting of Dividends

  • Payment of Dividends Any dividend or other distribution payable in cash in respect of shares may be paid by cheque, made payable to the order of the person to whom it is sent, and mailed to the address of the shareholder, or in the case of joint shareholders, to the address of the joint shareholder who is first named on the central securities register, or to the person and to the address the shareholder or joint shareholders may direct in writing. The mailing of such cheque will, to the extent of the sum represented by the cheque (plus the amount of the tax required by law to be deducted), discharge all liability for the dividend unless such cheque is not paid on presentation or the amount of tax so deducted is not paid to the appropriate taxing authority.

  • Stock Dividends If the Company at any time shall pay a dividend payable in, or make any other distribution (except any distribution specifically provided for in the foregoing subsections (a) or (b)) of the Company's stock, then the Exercise Price shall be adjusted, from and after the record date of such dividend or distribution, to that price determined by multiplying the Exercise Price in effect immediately prior to such record date by a fraction (i) the numerator of which shall be the total number of all shares of the Company's stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of all shares of the Company's stock outstanding immediately after such dividend or distribution. The Warrantholder shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of shares of Preferred Stock (calculated to the nearest whole share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Preferred Stock issuable upon the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

  • Adjustment for Certain Dividends and Distributions In the event the Company at any time, or from time to time after the Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event the Purchase Price then in effect immediately before such event shall be decreased as of the time of such issuance or, in the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Purchase Price then in effect by a fraction:

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