Common use of Dividend Equivalents Clause in Contracts

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee pursuant to the Vesting Table shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs Restricted Stock Units credited to the Grantee shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs Restricted Stock Units to be credited to the Grantee on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) Restricted Stock Units credited to the Grantee as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.

Dividend Equivalents. If on any date the Company shall pay any cash dividend on shares of Stock of the Company, the number of RSUs credited to the Grantee Participant shall, as of such date, be increased by an amount determined by the following formula: W = (X multiplied by Y) divided by Z, where: W = the number of additional RSUs to be credited to the Grantee Participant on such dividend payment date; X = the aggregate number of RSUs (whether vested or unvested) credited to the Grantee Participant as of the record date of the dividend; Y = the cash dividend per share amount; and Z = the Fair Market Value per share of Stock (as determined under the Plan) on the dividend payment date.