Common use of Dividends Payable Other than in Common Stock Clause in Contracts

Dividends Payable Other than in Common Stock. If the payment date for a dividend declared by the Board and payable in cash or in property other than cash or 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 6.1. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined according to the following formula: Dividend value per share x Number of Restricted Stock Units Fair Market Value For purposes of this formula: o “Dividend value per share” means the amount of the cash dividend (or the per share value of any dividend payable in property other than cash) declared per share of Common Stock for the applicable payment date;

Appears in 2 contracts

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

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Dividends Payable Other than in Common Stock. If the payment date for a dividend declared by the Board and payable in cash or in property other than cash or 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 6.1. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined according to the following formula: Dividend value per share x Number of Restricted Stock Units Fair Market Value For purposes of this formula: o “Dividend value per share” means the amount of the cash dividend (or the per share value of any dividend payable in property other than cash) declared per share of Common Stock for the applicable payment date;

Appears in 2 contracts

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

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Dividends Payable Other than in Common Stock. If the payment date for a dividend declared by the Board and payable in cash or in property other than cash or 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 6.1. As of such dividend payment date, you will have credited to your Account that number of additional Restricted Stock Units determined according to the following formula: Dividend value per share x Number of Restricted Stock Units Fair Market Value For purposes of this formula: o “Dividend value per share” means the amount of the cash dividend (or the per share value of any dividend payable in property other than cash) declared per share of Common Stock for the applicable payment date;

Appears in 1 contract

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

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