Common use of Dividend Equivalent Clause in Contracts

Dividend Equivalent. Director shall be credited with additional RSUs equivalent to the dividends ("Dividend Equivalent") the Director would have received if the Director had been the owner of a number of shares of Common Stock equal to the number of RSUs credited to the Director on such dividend payment date. Any such Dividend Equivalent shall be converted into additional RSUs based on the fair market value of Common Stock on the dividend payment date. The Director shall continue to be credited with Dividend Equivalents until the earlier of the Settlement Date or the Director's date of death.

Dividend Equivalent. Director shall be credited with additional RSUs equivalent to the dividends ("“Dividend Equivalent"”) the Director would have received if the Director had been the owner of a number of shares of Common Stock equal to the number of RSUs credited to the Director on such dividend payment date. Any such Dividend Equivalent shall be converted into additional RSUs based on the fair market value of Common Stock on the dividend payment date. The Director shall continue to be credited with Dividend Equivalents until the earlier of the Settlement Date or the Director's ’s date of death.

Dividend Equivalent. Director shall be credited with additional RSUs equivalent to the dividends ("“Dividend Equivalent"”) the Director would have received if the Director had been the owner of a number of shares of Common Stock equal to the number of RSUs credited to the Director on such dividend payment date. Any such Dividend Equivalent shall be converted into additional RSUs based on the fair market value of Common Stock on the dividend payment date. The Director shall continue to be credited with Dividend Equivalents until the earlier of the Settlement Date termination date or the Director's ’s date of death.