Dividends and Splits. As a condition to the grant of an Award of Restricted Stock, the Option Committee may require or permit a Participant to elect that any cash dividends paid on a share of Restricted Stock be automatically reinvested in additional shares of Restricted Stock or applied to the purchase of additional Awards under this Plan. Unless otherwise determined by the Option Committee, stock distributed in connection with a stock split or stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such stock or other property has been distributed.
Appears in 5 contracts
Samples: Equity Incentive Plan (Zulu Energy Corp.), 2007 Stock Incentive Plan (American Enterprise Development Corp), Equity Incentive Plan (Zulu Energy Corp.)
Dividends and Splits. As a condition to the grant of an Award of Restricted Stock, the Option Compensation Committee may require or permit a Participant to elect that any cash dividends paid on a share of Restricted Stock be automatically reinvested in additional shares of Restricted Stock or applied to the purchase of additional Awards under this Plan. Unless otherwise determined by the Option Compensation Committee, stock distributed in connection with a stock split or stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such stock or other property has been distributed.
Appears in 2 contracts
Samples: 2010 Stock Incentive Plan (Double Eagle Petroleum Co), Pyr Energy Corp
Dividends and Splits. As a condition to the grant of an Award of a Restricted StockStock Award, the Option Committee may require or permit a Participant to elect that any cash dividends paid on a share Share of Restricted Stock be automatically reinvested in additional shares Shares of Restricted Stock or applied to the purchase of additional Awards under this the Plan. Unless otherwise determined by the Option Committee, stock Shares distributed in connection with a stock split or stock dividend, and other property distributed as a dividend, shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Stock with respect to which such stock Shares or other property has have been distributed.
Appears in 2 contracts
Samples: Securities Purchase Agreement (MDwerks, Inc.), Securities Purchase Agreement (MDwerks, Inc.)
