Common use of Dividends and Voting Clause in Contracts

Dividends and Voting. During the Period of Restriction, Grantee shall be entitled to (i) receive all dividends, payable in stock, in cash or in kind, or other distributions, declared on or with respect to any Restricted Shares as of a record date that occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares by Grantee, provided that any such dividends or distributions shall be subject to the same rights, restrictions on transfer and conditions regarding vesting and forfeiture as the Restricted Shares with respect to which such dividends or distributions are paid at the time of payment, and (ii) exercise all voting rights with respect to the Restricted Shares, if the record date for the exercise of such voting rights occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares. In the event of forfeiture by Grantee of any or all of the Restricted Shares or any of the equity securities distributed to Grantee with respect thereto, Grantee shall be required to return to the Company any cash dividends or distributions previously paid to Grantee with respect to such Restricted Shares or other equity securities. With respect to Restricted Stock granted to a Section 16 Person, any dividend or distribution that constitutes a “derivative security” or an “equity security” under Section 16 of the 1934 Act shall be subject to a Period of Restriction equal to the longer of (a) the remaining Period of Restriction on the Shares of Restricted Stock with respect to which the dividend or distribution is paid, or (b) six (6) months.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Gold Banc Corp Inc), Restricted Stock Award Agreement (Gold Banc Corp Inc)

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Dividends and Voting. During the Period of Restriction, Grantee shall be entitled to (i) receive all dividends, payable in stock, in cash or in kind, or other distributions, declared on or with respect to any Restricted Shares as of a record date that occurs on or after the Date of Grant Receipt hereunder and prior to any transfer or forfeiture of such Restricted Shares by Grantee, provided that any such dividends or distributions shall be subject to the same rights, restrictions on transfer and conditions regarding vesting and forfeiture as the Restricted Shares with respect to which such dividends or distributions are paid at the time of payment, and (ii) exercise all voting rights with respect to the Restricted Shares, if the record date for the exercise of such voting rights occurs on or after the Date of Grant Receipt hereunder and prior to any transfer or forfeiture of such Restricted Shares. In the event of forfeiture by Grantee of any or all of the Restricted Shares or any of the equity securities distributed to Grantee with respect thereto, Grantee shall be required to return to the Company any cash dividends or distributions previously paid to Grantee with respect to such Restricted Shares or other equity securities. With respect to Restricted Stock granted to a Section 16 Person, any dividend or distribution that constitutes a “derivative security” or an “equity security” under Section 16 of the 1934 Act shall be subject to a Period of Restriction equal to the longer of (a) the remaining Period of Restriction on the Shares of Restricted Stock with respect to which the dividend or distribution is paid, or (b) six (6) months.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Gold Banc Corp Inc)

Dividends and Voting. During From and after the Period Date of RestrictionGrant with respect to the Shares and until any subsequent transfer or forfeiture thereof by Grantee, Grantee shall be treated as the sole beneficial owner of such Shares, having all rights of a common stockholder of the Company with respect thereto, except as otherwise may be set forth in this Agreement. Specifically, and without limitation, Grantee shall have the following rights: (a) Grantee shall be entitled to (i) receive all dividends, payable in stock, in cash or in kind, or other distributions, declared on or with respect to any Restricted Shares as of a record date that occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares by Grantee, Shares; provided that any such dividends or distributions payable in equity securities of the Company or its affiliates, including shares of Common Stock or any series of Preferred Stock of the Company, or any warrants, options or rights to purchase any of the foregoing, received by Grantee prior to the Vesting Date shall be received and held by Grantee subject to the same rights, restrictions on transfer and the same conditions regarding vesting and forfeiture as apply to the Restricted Shares with respect to which such dividends or distributions are paid at the time of payment, and paid; and (iib) Grantee shall be entitled to exercise all voting rights with respect to the Restricted Shares, if the record date for the exercise of such voting rights occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares. In the event of forfeiture by Grantee of any or all of the Restricted Shares or any of the equity securities distributed to Grantee with respect theretoby Grantee, Grantee shall not be required to return to the Company any cash dividends or distributions previously paid to Grantee with respect to such Restricted Shares Shares, other than any dividends or other distributions payable in the form of equity securities. With respect to Restricted Stock granted to a Section 16 Person, any dividend or distribution that constitutes a “derivative security” or an “equity security” under Section 16 of the 1934 Act shall be subject to a Period of Restriction equal to the longer of securities as described in subsection (a) the remaining Period of Restriction on the Shares of Restricted Stock with respect to which the dividend or distribution is paidthis Section 4, or (b) six (6) monthsabove.

Appears in 1 contract

Samples: Restricted Stock Agreement (North Fork Bancorporation Inc)

Dividends and Voting. During From the Period Date of RestrictionGrant to the date a share of Restricted Stock becomes vested, Grantee the Participant shall be entitled to (i) receive all dividends, payable in stock, in cash or in kind, or other distributions, declared on or with respect to any the Restricted Shares Share as of a record date that occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Share by Participant. Any dividends paid in cash will be held in escrow by the Company and, both those cash dividends and any other non-cash distributions received on the Restricted Shares by Grantee, provided that any such dividends or distributions shall will be subject to the same rights, restrictions on transfer and conditions regarding vesting and forfeiture as the Restricted Shares Share with respect to which such dividends or distributions are paid at the time of payment. From the Date of Gxxxx to the date a share of Restricted Stock becomes vested, and (ii) the Participant shall be entitled to exercise all voting rights with respect to the Restricted SharesShare, if the record date for the exercise of such voting rights occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted SharesShare. In the event of forfeiture by Grantee Participant of any or all of the Restricted Shares or any of the equity securities distributed to Grantee Participant with respect thereto, Grantee Participant will forfeit all cash dividends held in escrow and relating to the underlying forfeited Restricted Shares and shall be required to return to the Company any cash dividends or distributions previously paid to Grantee Participant with respect to such the forfeited Restricted Shares or other equity securities. With respect to Restricted Stock granted to a Section 16 Person, any dividend or distribution that constitutes a “derivative security” or an “equity security” under Section 16 of the 1934 Act shall be subject to a Period of Restriction equal to the longer of (a) the remaining Period of Restriction on the Shares of Restricted Stock with respect to which the dividend or distribution is paid, or (b) six (6) monthsShares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Euronet Worldwide Inc)

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Dividends and Voting. During the Period of Restriction, Grantee shall be entitled to (i) receive all dividends, payable in stock, in cash or in kind, or other distributions, declared on or with respect to any Restricted Shares as of a record date that occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares by Grantee, provided that any such dividends or distributions shall be subject to the same rights, restrictions on transfer and conditions regarding vesting and forfeiture as the Restricted Shares with respect to which such dividends or distributions are paid at the time of payment, and (ii) exercise all voting rights with respect to the Restricted Shares, if the record date for the exercise of such voting rights occurs on or after the Date of Grant hereunder and prior to any transfer or forfeiture of such Restricted Shares. In the event of forfeiture by Grantee of any or all of the Restricted Shares or any of the equity securities distributed to Grantee with respect thereto, Grantee shall be required to return to the Company any cash dividends or distributions previously paid to Grantee with respect to such Restricted Shares or other equity securities. With respect to Restricted Stock granted to a Section 16 Person, any dividend or distribution that constitutes a "derivative security" or an "equity security" under Section 16 of the 1934 Act shall be subject to a Period of Restriction equal to the longer of (a) the remaining Period of Restriction on the Shares of Restricted Stock with respect to which the dividend or distribution is paid, or (b) six (6) months.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Gold Banc Corp Inc)

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