Distributions and Voting Rights. (a) All dividends and other distributions with respect to shares of Stock attributable to the Award that become payable during the Restricted Period will accrue when declared and will be paid to the Grantee, in cash, only upon the settlement of the related RSUs in accordance with the provisions of Section 1.4 below. (b) The Grantee shall not be entitled to vote shares of Stock attributable to the Award prior to the date(s) on which the Grantee becomes a shareholder of record for such shares of Stock.
Appears in 4 contracts
Samples: Incentive Agreement for Restricted Stock Unit Award (Origin Bancorp, Inc.), Incentive Agreement for Restricted Stock Unit Award (Origin Bancorp, Inc.), Incentive Agreement for Restricted Stock Unit Award (Origin Bancorp, Inc.)
Distributions and Voting Rights. (a) All dividends and other distributions with respect to shares of Stock attributable to the Award that become payable during the Restricted Performance Period will accrue when declared and will be paid to the Grantee, in cash, only upon the settlement of the related RSUs Performance Units in accordance with the provisions of Section 1.4 below.
(b) The Grantee shall not be entitled to vote shares of Stock attributable to the Award prior to the date(s) on which the Grantee becomes a shareholder of record for such shares of Stock.
Appears in 3 contracts
Samples: Incentive Agreement for Performance Unit Award (Origin Bancorp, Inc.), Incentive Agreement for Performance Unit Award (Origin Bancorp, Inc.), Incentive Agreement for Performance Unit Award (Origin Bancorp, Inc.)
