Common use of Dividend Equivalents and Other Ownership Rights Clause in Contracts

Dividend Equivalents and Other Ownership Rights. During the Deferral Period, the Participant shall not have any right to transfer any rights under the Award, shall not have any rights of ownership in the Deferred Shares and shall not have any right to vote such Deferred Shares, but the Committee may on or after the Grant Date authorize the payment of dividend equivalents on such Deferred Shares in cash or additional Shares on a current, deferred or contingent basis.

Appears in 2 contracts

Samples: Ii-Vi Inc, Ii-Vi Inc

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Dividend Equivalents and Other Ownership Rights. During the Deferral Period, the Participant shall not have any right to transfer any rights under the Award, shall not have any rights of ownership in the Deferred Shares and shall not have any right to vote such Deferred Shares, but the Committee may on or after the Grant Date date the Award was granted authorize the payment of dividend equivalents on such Deferred Shares in cash or additional Shares Stock on a current, deferred or contingent basis, in accordance with Article XI.

Appears in 1 contract

Samples: Rex Energy Corp

Dividend Equivalents and Other Ownership Rights. During the Deferral Period, the Participant shall not have any right to transfer any rights under the subject Award, shall not have any rights of ownership in the Deferred Shares and shall not have any right to vote such Deferred Sharesshares, but the Committee may on or after the Grant Date authorize the payment of dividend equivalents on such Deferred Shares shares in cash or additional Shares on a current, deferred or contingent basis.

Appears in 1 contract

Samples: Home Depot Inc

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Dividend Equivalents and Other Ownership Rights. During the Deferral Period, the Participant shall not have any right to transfer any rights under the subject Award, shall not have any rights of ownership in the Deferred Shares and shall not have any right to vote such Deferred Sharesshares, but the Committee Board may on or after the Grant Date authorize the payment of dividend equivalents on such Deferred Shares shares in cash or additional Shares on a current, deferred or contingent basis.

Appears in 1 contract

Samples: Omnibus Stock Incentive Plan (RBB Bancorp)

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