Common use of Dividends, Etc Clause in Contracts

Dividends, Etc. Any cash dividends or other property (but not including securities) received by a Participant with respect to a share of Restricted Stock shall be returned to the Company in the event such share of Restricted Stock is forfeited, subject to Section 2.7(e) of the Plan. Any securities received by a Participant with respect to a share of Restricted Stock as a result of any dividend, recapitalization, merger, consolidation, combination, exchange of shares or otherwise will not vest until such share of Restricted Stock vests and shall be forfeited if such share of Restricted Stock is forfeited, subject to Section 2.7(e) of the Plan. Unless the Board of Directors otherwise determines, such securities shall bear the legend or be subject to the electronic coding or stop order set forth in Section 7(a) hereof.

Appears in 34 contracts

Samples: Restricted Stock Grant Agreement (Baltic Trading LTD), Restricted Stock Grant Agreement (Baltic Trading LTD), Restricted Stock Grant Agreement (Baltic Trading LTD)

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Dividends, Etc. Any cash dividends or other property (but not including securities) received by a Participant with respect to a share of Restricted Stock shall be returned to the Company in the event such share of Restricted Stock is forfeited, subject to Section 2.7(e) of the PlanMIP. Any securities received by a Participant with respect to a share of Restricted Stock as a result of any dividend, recapitalization, merger, consolidation, combination, exchange of shares or otherwise will not vest until such share of Restricted Stock vests and shall be forfeited if such share of Restricted Stock is forfeited, subject to Section 2.7(e) of the PlanMIP. Unless the Board of Directors otherwise determines, such securities shall bear the legend or be subject to the electronic coding or stop order set forth in Section 7(a) hereof.

Appears in 4 contracts

Samples: Restricted Stock Grant Agreement (Genco Shipping & Trading LTD), Employee Restricted Stock Grant Agreement (Genco Shipping & Trading LTD), Officer Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

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Dividends, Etc. Any cash dividends or other property (but not including securities) received by a Participant with respect to a share of Restricted Stock shall be returned to the Company in the event such share of Restricted Stock is forfeited, subject to Section 2.7(e2.6(e) of the Plan. Any securities received by a Participant with respect to a share of Restricted Stock as a result of any dividend, recapitalization, merger, consolidation, combination, exchange of shares or otherwise will not vest until such share of Restricted Stock vests and shall be forfeited if such share of Restricted Stock is forfeited, subject to Section 2.7(e2.6(e) of the Plan. Unless the Board of Directors otherwise determines, such securities shall bear the legend or be subject to the electronic coding or stop order set forth in Section 7(a) hereof.

Appears in 2 contracts

Samples: Officer Restricted Stock Grant Agreement (Genco Shipping & Trading LTD), Chairman Restricted Stock Grant Agreement (Genco Shipping & Trading LTD)

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