Common use of Dividend Equivalent Units Clause in Contracts

Dividend Equivalent Units. The Participant shall be credited with Dividend Equivalent Units as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in cash, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend paid with respect to a share of Common Stock, multiplied by (ii) 200% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the number of shares of Common Stock distributed in the dividend with respect to a share of Common Stock, multiplied by (ii) the number of Maximum Performance Units plus the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Stock Units to which they relate become Earned Performance Units. Therefore, the Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any Dividend Equivalent Units are credited to the Participant pursuant to this paragraph 5 and are not earned in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.

Dividend Equivalent Units. The Participant shall be credited with Dividend Equivalent Units as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in cash, then as of the dividend payment date date, the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend paid with respect to a share of Common Stock, multiplied by (ii) 200220% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the number of shares of Common Stock distributed in the dividend with respect to a share of Common Stock, multiplied by (iiii)(A) the number of Maximum Performance Units plus (B) the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Stock Units to which they relate become Earned Performance Units. Therefore, the Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any Dividend Equivalent Units are credited to the Participant pursuant to this paragraph 5 Section 4 and are not earned in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 Section 4 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.

Dividend Equivalent Units. The Participant shall be credited with Dividend Equivalent Units as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in cash, then as of the dividend payment date date, the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend paid with respect to a share of Common Stock, multiplied by (ii) 200% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the number of shares of Common Stock distributed in the dividend with respect to a share of Common Stock, multiplied by (iiii)(A) the number of Maximum Performance Units plus (B) the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Stock Units to which they relate become Earned Performance Units. Therefore, the Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any Dividend Equivalent Units are credited to the Participant pursuant to this paragraph 5 Section 4 and are not earned in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 Section 4 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.

Dividend Equivalent Units. The Participant shall be credited with Dividend Equivalent Units as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in cash, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend paid with respect to a share of Common Stock, multiplied by (ii) 200267% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Units with respect to such Performance Restricted Stock Units, if any, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the number of shares of Common Stock distributed in the dividend with respect to a share of Common Stock, multiplied by (ii) the number of Maximum Performance Units plus the number of previously credited Dividend Equivalent Units with respect to such Performance Restricted Stock Units, if any, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Restricted Stock Units to which they relate become Earned Performance Units. Therefore, the Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any Dividend Equivalent Units are credited to the Participant pursuant to this paragraph 5 4 and are not earned in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 4 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.

Dividend Equivalent Units. The Participant shall be credited with entitled to “Dividend Equivalent Units Units” as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is was paid in cash, then as of the dividend payment date the Participant shall be credited with entitled to that number of Dividend Equivalent Units equal to the sum of the following, determined as of each dividend payment date occurring during the Performance Period: (i) the cash dividend dividends paid with respect to a share of Common StockStock on the applicable dividend payment date, multiplied by (ii) 200% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Earned Performance Units with respect to such for the Performance Stock Units, if anyPeriod, divided by (iii) the Fair Market Value of a share of Common Stock on the applicable dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is was paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with entitled to that number of Dividend Equivalent Units equal to the sum of the following, determined as of each dividend payment date occurring during the Performance Period: (i) the number of shares of Common Stock distributed in the dividend (“stock dividends”) with respect to a share of Common StockStock on the applicable dividend payment date, multiplied by (ii) the number of Maximum Earned Performance Units, rounded down to the nearest whole number. (c) If the Participant is entitled to Dividend Equivalent Units plus in accordance with Section 3(a) and/or (b) above, then the Participant shall be entitled to additional Dividend Equivalent Units thereon in the event a dividend is subsequently paid with respect to shares of Common Stock in an amount equal to the sum of the following, determined as of each dividend payment date occurring during the Performance Period: (i) the cash dividend paid or the stock dividends distributed with respect to a share of Common Stock on the applicable dividend payment date, multiplied by (ii) the number of previously credited Dividend Equivalent Units to which the Participant was entitled as of the dividend payment date (after application of the provisions of paragraphs (a) and (b) above with respect to such Performance the applicable dividend date), and (iii) in the case of any cash dividend, divided by the Fair Market Value of a share of Common Stock Units, if anyon the applicable dividend payment date, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Stock Units to which they relate become Earned Performance Units. Therefore, the The Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any provided pursuant to Section 3(c), Dividend Equivalent Units. Dividend Equivalent Units are credited to shall be paid at the Participant pursuant to this paragraph 5 and are not earned same time as Earned Performance Units in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.

Dividend Equivalent Units. The Participant shall be credited with Dividend Equivalent Units as follows: (a) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in cash, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the cash dividend paid with respect to a share of Common Stock, multiplied by (ii) 200% of the Target Performance Units (the “Maximum Performance Units”) plus the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, divided by (iii) the Fair Market Value of a share of Common Stock on the dividend payment date, rounded down to the nearest whole number. (b) If, during the Performance Period, a dividend with respect to shares of Common Stock is paid in shares of Common Stock, then as of the dividend payment date the Participant shall be credited with that number of Dividend Equivalent Units equal to (i) the number of shares of Common Stock distributed in the dividend with respect to a share of Common Stock, multiplied by (ii) the number of Maximum Performance Units Units, plus (iii) the number of previously credited Dividend Equivalent Units with respect to such Performance Stock Units, if any, rounded down to the nearest whole number. Dividend Equivalent Units shall be earned on the same basis and to the same extent that the Performance Stock Units to which they relate become Earned Performance Units. Therefore, the Participant shall only earn Dividend Equivalent Units with respect to Earned Performance Units and, to the extent that any Dividend Equivalent Units are credited to the Participant pursuant to this paragraph 5 4 and are not earned in accordance with this Agreement, they shall be forfeited and the Participant shall have no further rights with respect thereto under this Agreement or otherwise. Any Dividend Equivalent Units credited to the Participant pursuant to this paragraph 5 4 that become earned in accordance with this Agreement are sometimes referred to as “Earned Dividend Equivalent Units”.