Determining Dividend Rate Value. The dividend rate value will be determined by adding each AT&T declared quarterly dividend during the Award Year (historically December, March, June, and September) and multiplying this total by 150 success units.
Determining Dividend Rate Value. Each Award Year payout will include a dividend rate value. This value will be determined by adding each AT&T declared quarterly dividend during the award year and multiplying this total by 150 success units. Award Year Quarters 2017 December 2016, March 2017, June 2017, September 2017 2018 December 2017, March 2018, June 2018, September 2018 2019 December 2018, March 2019, June 2019, September 2019
Determining Dividend Rate Value. Each Award Year payout will include a dividend rate value. This value will be determined by adding each AT&T declared quarterly dividend during the award year and multiplying this total by 150 success units. Award Year Quarters 2014 December 2013, March 2014, June 2014, September 2014 2015 December 2014, March 2015, June 2015, September 2015 2016 December 2015, March 2016, June 2016, September 2016 4. Payout Employees will receive a total payout based on the difference between the ending award value and the beginning award value for the award year times 150 success units plus the dividend rate value. For example: Beginning award value – October 1, 2013 closing AT&T stock price $30.00 Ending award value – September 30, 2014 closing AT&T stock price $35.00 Payout – $35 - $30 = $5 x 150 success units = $750.00 December 31, 2013 dividend $.45 March 31, 2014 dividend $.45 June 30, 2014 dividend $.45 September 30, 2014 dividend $.45 Total Dividend $1.80 Payout - $1.80 x 150 success units = $270.00 $750.00 stock appreciation value + $270.00 dividend rate value = $1,020.00 Payment of the award will be made as soon as practicable after the award year and will normally occur the payday of the last full pay period in November. An overtime true-up will be paid in accordance with applicable Federal and/or State laws.
