Common use of Dividends on Restricted Stock Clause in Contracts

Dividends on Restricted Stock. During the Period of Restriction, the Participant shall be entitled to receive any cash dividends paid with respect to the Shares of Restricted Stock regardless of whether the Period of Restriction has not lapsed. All stock dividends paid with respect to Shares of Restricted Stock shall be (a) added to the Restricted Stock, and (b) subject to all of the terms and conditions of this Agreement and the Plan.

Appears in 16 contracts

Samples: Restricted Stock Award Agreement (Old National Bancorp /In/), Old National Bancorp (Old National Bancorp /In/), Old National Bancorp (Old National Bancorp /In/)

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Dividends on Restricted Stock. During the Period of Restriction, the Participant shall be entitled to receive any cash dividends paid with respect to the Shares of Restricted Stock Stock, regardless of whether such Shares have been earned or the Period of Restriction has not lapsed. All stock dividends paid with respect to Shares of Restricted Stock shall be (a) added to the Restricted Stock, and (b) subject to all of the terms and conditions of this Agreement and the Plan.

Appears in 5 contracts

Samples: Old National Bancorp 1999 Equity Incentive (Old National Bancorp /In/), Old National Bancorp (Old National Bancorp /In/), Old National Bancorp 1999 Equity Incentive (Old National Bancorp /In/)

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