Common use of Dividend Restriction Clause in Contracts

Dividend Restriction. Payment of any dividends on the Restricted Shares is contingent upon meeting the performance and service requirements contained in this Agreement, and such dividends shall be retained by the Company and not paid to Employee until the Lapse Date, and then only in respect to shares which have not been forfeited.

Dividend Restriction. Payment of any dividends on the Restricted Shares is contingent upon meeting the performance and service requirements contained referenced in this Agreement, and such dividends shall be retained by the Company and not paid to Employee until the applicable Lapse Date, and then only in respect to shares which have not been forfeited.