Common use of Dividend Rights Clause in Contracts

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs will be credited with either (a) additional Performance Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights Dividend Equivalent Rights in respect of the PSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs will be credited with either (a) additional Performance Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents Dividend Equivalent Rights shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right Dividend Equivalent Right will vest and be settled or payable at the same time as the PSU to which the dividend equivalent right Dividend Equivalent Right relates. For the avoidance of doubt, no dividend equivalent rights Dividend Equivalent Rights shall accrue under this Section 3 in the event that any dividend equivalent rights Dividend Equivalent Rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall If so provided in the Grant Notice or as otherwise determined by the Committee in its sole discretion (by resolution or otherwise) the Participant may receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At If so provided, at the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Share Restricted Stock Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee Participant as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee Administrator affirmatively elects to credit Dividend Equivalent Units. The PSUs If applicable, the RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock Shares by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the such dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 3.1 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof 13.2 of the Plan provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs will be credited with either (a) additional Performance Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the maximum number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaidthat could be settled hereby, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the maximum number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid that could be settled hereby as of the dividend record date; provided, that cash-based dividend equivalents shall be credited paid unless the Committee affirmatively elects to credit pay Dividend Equivalent Units. The PSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock Shares by multiplying the stock dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 5 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 7 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (iib) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; providedprovide, that cash-based dividend equivalents shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the such dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights Dividend Equivalent Rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (iib) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents Dividend Equivalent Rights shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right Dividend Equivalent Right will vest and be settled or payable at the same time as the PSU RSU to which the dividend equivalent right such Dividend Equivalent Right relates. For the avoidance of doubt, no dividend equivalent rights Dividend Equivalent Rights shall accrue under this Section 3 in the event that any dividend equivalent rights Dividend Equivalent Rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (iib) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee affirmatively elects to credit Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the such dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs will be credited with either (a) additional Performance Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited paid unless the Committee affirmatively elects to credit pay Dividend Equivalent Units. The PSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock by multiplying the stock dividend paid per Share by the number of PSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 5 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 7 hereof provide similar benefits.

Dividend Rights. The Grantee shall If so provided in the Grant Notice or as otherwise determined by the Committee in its sole discretion (by resolution or otherwise) the Participant may receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At If so provided, at the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Share Restricted Stock Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and ​ ​ previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee Participant as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee Administrator affirmatively elects to credit Dividend Equivalent Units. The PSUs If applicable, the RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock Shares by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the such dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 Article 3.1 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof Article 13.2 of the Plan provide similar benefits.

Dividend Rights. The Grantee shall receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Restricted Share Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid), and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee as a stockholder in respect of a number of Shares equal to the maximum number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid that could be settled hereby as of the dividend record date; provided, that cash-based dividend equivalents shall be credited paid unless the Committee affirmatively elects to credit pay Dividend Equivalent Units. The PSUs RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock Shares by multiplying the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 5 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 7 hereof provide similar benefits.

Dividend Rights. The Grantee shall If so provided in the Grant Notice or as otherwise determined by the Committee in its sole discretion (by resolution or otherwise) the Participant may receive dividend equivalent rights in respect of the PSUs RSUs covered by this Award at the time of any payment of dividends to stockholders on Shares. At If so provided, at the Company’s option, the PSUs RSUs will be credited with either (a) additional Performance Share Restricted Stock Units (the “Dividend Equivalent Units”) (including fractional units) for cash dividends paid on shares of the Company’s Common Stock Shares by (i) multiplying the cash dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid, and (ii) dividing the product determined above by the Fair Market Value of a Share, in each case, on the date the dividend record date, or (b) a cash amount equal to the amount that would be payable to the Grantee Participant as a stockholder in respect of a number of Shares equal to the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid as of the dividend record date; provided, that cash-based dividend equivalents shall be credited unless the Committee Administrator affirmatively elects to credit Dividend Equivalent Units. The PSUs If applicable, the RSUs will be credited with Dividend Equivalent Units for stock dividends paid on shares of the Company’s Common Stock Shares by multiplying ​ ​ the stock dividend paid per Share by the number of PSUs RSUs (and previously credited Dividend Equivalent Units) outstanding and unpaid on the dividend record date. Each Dividend Equivalent Unit shall have has a value equal to one Share. Each Dividend Equivalent Unit or cash dividend equivalent right will vest and be settled or payable at the same time as the PSU RSU to which the such dividend equivalent right relates. For the avoidance of doubt, no dividend equivalent rights shall accrue under this Section 3 Article 3.1 in the event that any dividend equivalent rights or other applicable adjustments pursuant to Section 5 hereof Article 13.2 of the Plan provide similar benefits.