Common use of Dividend Equivalents Settled in Shares Only Clause in Contracts

Dividend Equivalents Settled in Shares Only. Notwithstanding anything to the contrary in the Plan and/or this Agreement, any dividend equivalents credited shall be in the form of additional Performance RSUs that are subject to the same terms and conditions, including vesting and time of settlement, as the Performance RSUs to which they relate and shall only be settled in Shares.

Appears in 2 contracts

Samples: Grant Agreement (BWX Technologies, Inc.), Grant Agreement (BWX Technologies, Inc.)

AutoNDA by SimpleDocs

Dividend Equivalents Settled in Shares Only. Notwithstanding anything to the contrary in the Plan and/or this Agreement, any dividend equivalents credited shall be in the form of additional Performance RSUs that are subject to the same terms and conditions, including vesting and time of settlement, as the Performance RSUs to which they relate and shall only be settled in Shares.

Appears in 2 contracts

Samples: Grant Agreement (BWX Technologies, Inc.), Grant Agreement (BWX Technologies, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.