Common use of Dividends; Voting Rights Clause in Contracts

Dividends; Voting Rights. Recipient shall be entitled to dividends paid or declared on Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name. Recipient shall be entitled to vote all Vested and Unvested Award Shares for which the record date is on or after the date such Award Shares have been issued in the Recipient’s name. Recipient shall have no rights whatsoever (dividend, voting or otherwise) with respect to Award Shares which have been forfeited under Section 2.1.

Appears in 7 contracts

Samples: Executive Employment Agreement (Lodgian Inc), Executive Employment Agreement (Lodgian Inc), Executive Employment Agreement (Lodgian Inc)

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