Common use of Dividends in Common Stock Clause in Contracts

Dividends in Common Stock. If the payment date for a dividend declared by the Company’s Board and payable in Common Stock occurs prior to the date your employment with the Company ends, you will be granted additional Restricted Stock Units pursuant to this Section 6.2. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined by multiplying the aggregate number of Restricted Stock Units credited to your Account as of the applicable dividend record date by the number of shares of Common Stock payable as a dividend on each outstanding share of Common Stock in connection with such dividend declaration.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Nash Finch Co), Restricted Stock Unit Award Agreement (Nash Finch Co), Restricted Stock Unit Award Agreement (Nash Finch Co)

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Dividends in Common Stock. If the payment date for a dividend declared by the Company’s Board and payable in Common Stock occurs prior to the date your employment with the Company endsRestricted Stock Units are settled, you will be granted additional Restricted Stock Units pursuant to this Section 6.2. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined by multiplying the aggregate number of Restricted Stock Units credited to your Account as of the applicable dividend record date by the number of shares of Common Stock payable as a dividend on each outstanding share of Common Stock in connection with such dividend declaration.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Nash Finch Co)

Dividends in Common Stock. If the payment date for a dividend declared by the Company’s Board and payable in Common Stock occurs prior to the date at any time during which you have an outstanding balance of Performance Units in your employment with the Company endsAccount, you will be granted additional Restricted Stock Performance Units pursuant to this Section 6.2. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Performance Units determined by multiplying the aggregate number of Restricted Stock outstanding Performance Units credited to your Account as of the applicable dividend record date by the number of shares of Common Stock payable as a dividend on each outstanding share of Common Stock in connection with such dividend declaration.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Nash Finch Co)

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Dividends in Common Stock. If the payment date for a dividend declared by the Company’s Board and payable in Common Stock occurs prior to the date your employment with the Company endsSettlement Date, you will be granted additional Restricted Stock Units pursuant to this Section 6.2. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined by multiplying the aggregate number of Restricted Stock Units credited to your Account as of the applicable dividend record date by the number of shares of Common Stock payable as a dividend on each outstanding share of Common Stock in connection with such dividend declaration.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Nash Finch Co)

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