Dividend Entitlement Sample Clauses

Dividend Entitlement. Any dividend declared or paid on the Series Pre-A Preferred Shares or the Series A Preferred Shares shall be non-cumulative. Holders of Ordinary Shares, holders of Series Pre-A Preferred Shares and holders of Series A Preferred Shares shall be entitled to dividend on each Share (on an as converted basis and as exercised basis) such Shareholder holds on a pari passu basis.

Dividend Entitlement. A holder of Restricted Voting Shares on the record date for the determination of holders of Restricted Voting Shares entitled to receive a dividend declared payable on the Restricted Voting Shares will be entitled to such dividend notwithstanding that such share is converted after such record date and before the payment date of such dividend, and the holders of any Common Shares resulting from any conversion shall be entitled to rank equally with the holders of all other Common Shares in respect of all dividends declared payable to holders of Common Shares of record on any date on or after the date of conversion.

Dividend Entitlement. The holder of a preference share is entitled to be paid on each Dividend Date, in priority to any payment of dividend on any other class of shares, to a preferential dividend of the Dividend Amount for the Dividend Period ending on the day before that Dividend Date. The dividend entitlement is cumulative if the Issue Resolution states that it is cumulative and otherwise is non-cumulative.

Dividend Entitlement. (a) Notwithstanding any other provision of this Agreement (other than this clause 13.6) or the other Transaction Agreements, the Profits of the Companies will be distributed to the Shareholders by way of dividend in such a manner as to ensure that each Shareholder receives Profits in proportion to the number of Ordinary Shares and Non-Voting Shares held by that Shareholder. (b) Solely for the purposes of calculating the proportion of Profits to be paid by way of dividend to the Shareholders: (i) any markup earnt by AVAX Holdings pursuant to clause 3.2 of the AVAX Australia Licence and Distribution Agreement will be notionally treated as Profit received by AVAX Holdings; (ii) any fee paid to NIHL ServiceCo pursuant to clause 7.8 of this Agreement will be notionally treated as Profit received by NIHL Sub; (iii) the licence fee payable to AVAX Holdings under clause 10.3 of the AVAX Australia Licence and Distribution Agreement will be recognised as an expense of AVAX Australia and will not be notionally treated as Profit received by AVAX Holdings; (iv) any additional Taxes (excluding GST) incurred by AVAX Australia as a direct result of the procedure whereby Licensed Products are manufactured by AVAX Manufacturing and first sold to AVAX Holdings before being sold to AVAX Australia will be notionally treated as Profit received by AVAX Holdings; and (v) any additional Taxes (excluding GST) incurred by AVAX Australia as a direct result of any fee paid to NIHL Sub pursuant to clause 7.8 of this Agreement will be notionally treated as Profit received by NIHL Sub. For the avoidance of doubt, the parties agree that additional Taxes will be deemed to be incurred by AVAX Australia if, in the case of AVAX Holdings, the amount of the markup referred to in clause 13.6(b)(i) is not claimable by AVAX Australia as a tax deduction and, in the case of NIHL Sub, the amount of the fee referred to in clause 13.6(b)(ii) is not claimable by AVAX Australia as a tax deduction.

Dividend Entitlement. The Executive will be entitled to dividend equivalent rights with respect to any RSUs that have been granted, with payment to be made under a Section 409A compliant plan, subject to vesting as provided with respect to the RSUs.