Common use of Dividends; Rights as Stockholder Clause in Contracts

Dividends; Rights as Stockholder. Cash dividends on shares of Common Stock issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock and shall be held uninvested and without interest and paid in cash at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be paid in shares of Common Stock at the same time that the shares of Common Stock underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of clarity, in the event any portion of the unvested RSUs is forfeited and cancelled in accordance with this agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs shall be automatically forfeited for no value without any consideration being paid therefor and otherwise without any further action of the Company whatsoever. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock covered by any RSU unless and until the Participant has become the holder of record of such shares.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Jason Industries, Inc.), Restricted Stock Unit Agreement (Jason Industries, Inc.), Restricted Stock Unit Agreement (Jason Industries, Inc.)

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Dividends; Rights as Stockholder. Cash Xxxx dividends on shares of Common Stock Shares issuable hereunder hereunder, if any, shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU Awarded Unit granted to the Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock Shares and shall be held uninvested and uninvested, without interest interest, and paid in cash at the same time that the shares of Common Stock Shares underlying the Vested RSUs are delivered to the Participant in accordance with the provisions hereofhereof or in the Plan. Stock Share dividends on shares of Common Stock Shares, if any, shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU Awarded Unit granted to the Participant, provided that such stock dividends shall be paid in shares of Common Stock Shares at the same time that the shares of Common Stock Shares underlying the Vested RSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of clarity, hereof or in the event any portion of the unvested RSUs is forfeited and cancelled in accordance with this agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs shall be automatically forfeited for no value without any consideration being paid therefor and otherwise without any further action of the Company whatsoever. Except as otherwise provided herein, the The Participant shall will have no rights as a stockholder with respect to any Shares covered by this Agreement until the issuance of a certificate or certificates to the Participant or the registration of such Shares in the Participant’s name for the shares of Common Stock covered by any RSU unless Stock. The Awarded Units shall be subject to the terms and until conditions of this Agreement. Except as otherwise provided in Section 9 hereof, no adjustment shall be made for dividends or other rights for which the Participant has become record date is prior to the holder of record issuance of such sharescertificate or certificates or the registration of such Shares in the Participant’s name. The Participant, by his or her execution of this Agreement, agrees to execute any documents requested by the Company in connection with the issuance of the shares of Common Stock.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Near Intelligence, Inc.), Restricted Stock Unit Award Agreement (Mathews Anil)

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Dividends; Rights as Stockholder. Cash dividends on shares of Common Stock Shares issuable hereunder shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such cash dividends shall not be deemed to be reinvested in shares of Common Stock Shares and shall be held uninvested and without interest and paid in cash at the same time that the shares of Common Stock Shares underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. Stock dividends on shares of Common Stock Shares shall be credited to a dividend book entry account on behalf of the Participant with respect to each RSU granted to the Participant, provided that such stock dividends shall be paid in shares of Common Stock Shares at the same time that the shares of Common Stock Shares underlying the RSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of clarity, in the event any portion of the unvested RSUs is forfeited and cancelled in accordance with this agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs shall be automatically forfeited for no value without any consideration being paid therefor and otherwise without any further action of the Company whatsoever. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock Shares covered by any RSU unless and until the Participant has become the holder of record of such shares.Shares. -0- XXX Agreement 6. Confidentiality/Proprietary Developments/Competition and Non-Interference. Notwithstanding anything in this Section 6 or otherwise in this Agreement to the contrary, in the case of a Participant whose employment with the Company or a Subsidiary is subject to the terms of an employment agreement between such Participant and the Company or Subsidiary, which employment agreement includes the restrictive covenants covered in this Section 6, the restrictive covenants and all terms and conditions governing same as set forth in said employment agreement shall control and supersede this Section 6; otherwise: 6.1

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

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