Dividends and Other Distributions; Voting. Participants holding Restricted Stock shall be entitled to receive all dividends and other distributions paid with respect to such shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying Restricted Stock and shall be paid at the time the Restricted Stock becomes vested pursuant to Section 3 hereof. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be subject to the same restrictions on transferability and forfeitability as the Restricted Stock with respect to which they were paid. The Participant may exercise full voting rights with respect to the Restricted Stock granted hereunder.
Dividends and Other Distributions; Voting. If any dividends or other distributions are paid with respect to the Common Stock of the Company while the Participant holds the Restricted Stock and prior to the time that the Restricted Stock becomes vested in accordance with the terms of this Agreement, the Participant shall be entitled to receive such dividends and other distributions attributable to the Restricted Stock in the form of additional shares of Common Stock, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying Restricted Stock. Additional shares of Common Stock attributable to dividends or other distributions will be issued to the Participant as soon as administratively feasible immediately following the time the Restricted Stock become vested in accordance with the terms of the Agreement, but in no event later than March 15 of the calendar year following the calendar year in which the Restricted Stock became vested. The amount of such additional shares of Common Stock will be determined by multiplying (i) the total amount of dividends actually paid on a share of Common Stock prior to the date that the Restricted Stock become vested in accordance with the terms of the Agreement, by (ii) the number of shares of Restricted Stock that become vested in accordance with the terms of this Agreement, and then dividing such total by the Fair Market Value of the Common Stock on the last trading day prior to the applicable vesting date, as determined by the Committee. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be subject to the same restrictions on transferability and forfeitability as the Restricted Stock with respect to which they were paid. The Participant may exercise full voting rights with respect to the Restricted Stock granted hereunder.
Dividends and Other Distributions; Voting. The Grantee holding the RSUs shall be entitled to receive all dividends and other distributions paid with respect to the underlying Shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the related RSUs and shall be paid, if at all, at the time the related Shares are delivered to Grantee pursuant to Section 4 hereof. If any dividends or distributions are paid in Shares, the Shares shall be deemed to be converted into additional RSUs and shall be subject to the same restrictions on transferability and forfeitability as the related RSUs with respect to which they were paid. No dividends may be paid with respect to RSUs that are forfeited. Grantee will have no voting rights with respect to the RSUs prior to the delivery of Shares in settlement of such RSUs.
Dividends and Other Distributions; Voting. The Grantee holding the Restricted Stock shall be entitled to receive all dividends and other distributions paid with respect to such Shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying Restricted Stock and shall be paid, if at all, at the time the Restricted Stock becomes vested pursuant to Section 3 hereof. If any dividends or distributions are paid in Shares, the Shares shall be deposited with the Company and shall be subject to the same restrictions on transferability and forfeitability as the shares of Restricted Stock with respect to which they were paid. No dividends may be paid with respect to Restricted Shares that are forfeited. The Grantee may exercise full voting rights with respect to the shares of Restricted Stock granted hereunder.
Dividends and Other Distributions; Voting. The Participant shall be entitled to receive all dividends and other distributions paid with respect to the shares of Restricted Stock, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying shares of Restricted Stock to which such dividends or distributions relate and shall be paid at the time the related shares of Restricted Stock become unrestricted and vested pursuant to Section 3 hereof. If any dividends or distributions are paid in shares, such shares shall be issued to the Participant but shall be subject to the same restrictions on transferability and forfeitability (and other restrictions) as the Restricted Stock with respect to which they were paid until such shares of Restricted Stock have vested. Once the Participant becomes the holder of record of the shares of Restricted Stock granted hereunder, the Participant may exercise full voting rights with respect to such shares.
Dividends and Other Distributions; Voting. Grantee shall be entitled to receive all dividends and other distributions, if any, paid with respect to the Restricted Stock. If any dividends or distributions paid with respect to the Restricted Stock are paid in shares of Common Stock, such shares of Common Stock shall be deposited with the Company and shall be subject to the same risks of forfeiture and restrictions on voting and transferability as the Restricted Stock with respect to which such shares were paid. Each Grantor shall retain full voting rights with respect to the Restricted Stock granted by it hereunder prior to the applicable date of vesting. Any dividends or other distributions received by Grantee with respect to the Restricted Stock shall constitute additional income to Grantee and shall be subject to Section 10 of this Agreement.
Dividends and Other Distributions; Voting. The Participant shall be entitled to receive all dividends and other distributions paid with respect to the Restricted Shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the Restricted Shares to which such dividends or distributions relate and shall be paid at the time the related Restricted Shares become unrestricted and vested pursuant to Section 3 hereof. With respect to Restricted Shares which have vested, the Participant shall receive dividends in the same manner as other shareholders of the Company; with respect to Restricted Shares which have not vested, the Company shall set aside dividends otherwise payable with respect to such shares into escrow and such funds shall be released to the Participant when the Restricted Shares become unrestricted and vested pursuant to Section 3 hereof. If any dividends or distributions are paid in shares, such shares shall be issued to the Participant but shall be subject to the same restrictions on transferability and reacquisition or repurchase by the Company (and other restrictions) as the Restricted Shares with respect to which they were paid until such Restricted Shares have vested. Once the Participant becomes the holder of record of the Restricted Shares granted hereunder, the Participant may exercise full voting rights with respect to such shares (whether or not such Restricted Shares have vested).
Dividends and Other Distributions; Voting. Participant shall be entitled to receive all dividends and other distributions paid with respect to the shares of Common Stock received under this Agreement as of the Grant Date.
Dividends and Other Distributions; Voting. Participants holding Performance Shares shall be not be entitled to receive dividends and other distributions paid with respect to such shares, nor shall the Participant be entitled to voting rights with respect to the Performance Shares granted hereunder.
Dividends and Other Distributions; Voting. Participants holding Restricted Stock shall be entitled to receive all dividends and other distributions paid with respect to such shares, provided that any such dividends or other distributions will be subject to the same vesting requirements as the underlying Restricted Stock and shall be paid at the time the Restricted Stock becomes vested pursuant to Section 3 hereof. If any dividends or distributions are paid in shares, the shares shall be deposited with the Company and shall be
(1) Date of grant.
(2) 1st and 2nd anniversary of IPO. subject to the same restrictions on transferability and forfeitability as the Restricted Stock with respect to which they were paid. The Participant may exercise full voting rights with respect to the Restricted Stock granted hereunder.
