Common use of Equivalent Dividends Clause in Contracts

Equivalent Dividends. If any dividends are paid with respect to Commons Shares of the Company during the Performance Period, additional PSUs will be granted to you as of the last day of the Performance Period. The amount of additional PSUs will be computed based on the cumulative per share dividend rate actually paid on Common Shares during the Performance Period and the share price on the last day of the Performance Period. Additional PSUs granted to you, if any, shall be subject to the terms and conditions of the Plan and this Agreement and will vest in accordance with the Performance Schedule defined in this Agreement.

Appears in 6 contracts

Samples: Performance Share Unit Grant Agreement (Andersons Inc), Performance Share Unit Grant Agreement (Andersons Inc), Performance Share Unit Grant Agreement (Andersons Inc)

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Equivalent Dividends. If any dividends are paid with respect to Commons Shares of the Company during the Performance Period, additional PSUs will be granted awarded to you as of the last day of the Performance Period. The amount of additional PSUs will be computed based on the cumulative per share dividend rate actually paid on Common Shares during the Performance Period and the share price on the last day of the Performance Period. Additional PSUs granted awarded to you, if any, shall be subject to the terms and conditions of the Plan and this Agreement and will vest in accordance with the Performance Schedule defined in this Agreement.

Appears in 3 contracts

Samples: Performance Share Award Agreement (Andersons Inc), Performance Share Award Agreement (Andersons Inc), Performance Share Unit Agreement (Andersons Inc)

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Equivalent Dividends. If any dividends are paid with respect to Commons Shares of the Company during the Performance Period, additional PSUs will be granted to you Participant as of the last day of the Performance Period. The amount of additional PSUs will be computed based on the cumulative per share dividend rate actually paid on Common Shares during the Performance Period and the share price on the last day of the Performance Period. Additional PSUs granted to youParticipant, if any, shall be subject to the terms and conditions of the Plan and this Agreement and will vest in accordance with the Performance Schedule Parameters defined in this Agreement.

Appears in 2 contracts

Samples: Performance Share Unit Agreement (Andersons Inc), Performance Share Unit Agreement (Andersons Inc)

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