Dividends; Rights as Stockholder. Cash dividends paid (for dividend record dates occurring during the period from the Grant Date to the date Shares are issued hereunder pursuant to Section 4) 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 underlying any RSU unless and until the Participant has become the holder of record of such shares.
Appears in 4 contracts
Samples: Restricted Stock Unit & Cash Bonus Award Agreement (Jason Industries, Inc.), Restricted Stock Unit Award Agreement (Jason Industries, Inc.), Restricted Stock Unit & Cash Bonus Award Agreement (Jason Industries, Inc.)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant settled in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in shares of Common Stock Stock, in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such sharesPRSU.
Appears in 4 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry))
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds RSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, RSUs that have not been settled or forfeited as of such record date; 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 hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 or property dividends shall be paid in (i) shares of Common Stock Stock, (i) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (i) other property, as applicable and in each case, 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 claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such shares.
Appears in 4 contracts
Samples: Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant settled in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (ii) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (iii) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such sharesPRSU.
Appears in 4 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry))
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (i) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (i) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Corp)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in shares of Common Stock Stock, in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry))
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds RSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, RSUs that have not been settled or forfeited as of such record date; 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 hereofhereof or, if later, the date on which such cash dividend is paid to stockholders of the Company. Stock or property 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 or property dividends shall be paid in (i) shares of Common Stock Stock, (i) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (i) other property, as applicable and in each case, 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 claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such shares.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (ii) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (iii) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 not any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Performance Based Restricted Stock Unit Award Agreement (Berry Petroleum Corp)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Common Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Common Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (i) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (i) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Award Agreement (Amplify Energy Corp.)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4 hereof, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant settled in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (ii) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (iii) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such sharesPRSU.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Award Agreement (Berry Corp (Bry))
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds RSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, RSUs that have not been settled or forfeited as of such record date; 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 hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Stock or property 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 or property dividends shall be paid in shares of Common Stock Stock, in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or other property, as applicable and in each case, 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 claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU unless and until the Participant has become the holder of record of such shares.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Berry Corp (Bry))
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Common Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds PRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, PRSUs that have not been settled or forfeited as of such record date; 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 PRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Common Stock or property 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 PRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (ii) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (iii) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs PRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU PRSU unless and until the Participant has become the holder of record of such shares..
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Award Agreement (Amplify Energy Corp.)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Common Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds TRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, TRSUs that have not been settled or forfeited as of such record date; 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 TRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Common Stock or property 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 TRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (ii) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (iii) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs TRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU TRSU unless and until the Participant has become the holder of record of such shares.
Appears in 1 contract
Samples: Time Based Restricted Stock Unit Award Agreement (Amplify Energy Corp.)
Dividends; Rights as Stockholder. Cash dividends paid (If the Company pays a cash dividend in respect of its outstanding Common Stock and, on the record date for dividend record dates occurring during such dividend, the period from Participant holds TRSUs granted pursuant to this Agreement that have not vested and been settled in accordance with Section 4, the Grant Date Company shall credit to an account maintained by the Company for the Participant’s benefit an amount equal to the date Shares are issued hereunder pursuant to Section 4) on cash dividends the Participant would have received if the Participant were the holder of record, as of such record date, of the number of shares of Common Stock issuable hereunder shall be credited related to a dividend book entry account on behalf the portion of the Participant with respect to each RSU granted to the Participant, TRSUs that have not been settled or forfeited as of such record date; 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 TRSUs are delivered to the Participant in accordance with the provisions hereofhereof or, if later, the date on which such cash dividend is paid to shareholders of the Company. Common Stock or property 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 TRSU granted to the Participant, ; provided that such stock or property dividends shall be paid in (i) shares of Common Stock Stock, (i) in the case of a spin-off, shares of stock of the entity that is spun-off from the Company, or (i) other property, as applicable and in each case, at the same time that the shares of Common Stock underlying the RSUs TRSUs are delivered to the Participant in accordance with the provisions hereof. For the sake of claritySuch account is intended to constitute an “unfunded” account, in the event and neither this Section 5 nor any portion of the unvested RSUs is forfeited and cancelled action taken pursuant to or in accordance with this Agreement or the Plan, any accrued dividends on shares of Common Stock underlying such forfeited RSUs Section 5 shall be automatically forfeited for no value without construed to create a trust of any consideration being paid therefor and otherwise without any further action of the Company whatsoeverkind. Except as otherwise provided herein, the Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying covered by any RSU TRSU unless and until the Participant has become the holder of record of such shares.
Appears in 1 contract
Samples: Time Based Restricted Stock Unit Award Agreement (Amplify Energy Corp.)