Dividends and Voting. During the period that the Share Custodian holds the Restricted Shares subject to Section 2 above, the Director shall be entitled to all rights applicable to shares of Common Stock not so held, except as provided in this Award. In that regard, but only as and when the Restricted Shares to which the dividends or other distributions are attributable become Vested Shares. Dividends paid on Restricted Shares will be held by the Company and transferred to the Director, without interest, on such date as the Restricted Shares become Vested Shares. Dividends or other distributions paid on Restricted Shares that are forfeited shall be retained by the Company.
Appears in 2 contracts
Samples: Restricted Stock Award (First Security Group Inc/Tn), Restricted Stock Award (First Security Group Inc/Tn)
Dividends and Voting. During the period that the Share Custodian holds the Restricted Shares subject to Section 2 above, the Director Employee shall be entitled to all rights applicable to shares of Common Stock not so held, except as provided in this Award. In that regard, but only as and when the Restricted Shares to which the dividends or other distributions are attributable become Vested Shares. Dividends paid on Restricted Shares will be held by the Company and transferred to the DirectorEmployee, without interest, on such date as the Restricted Shares become Vested Shares. Dividends or other distributions paid on Restricted Shares that are forfeited shall be retained by the Company.
Appears in 2 contracts
Samples: Restricted Stock Award (First Security Group Inc/Tn), Restricted Stock Award (First Security Group Inc/Tn)