Interest on Withheld Cash Dividends. Participant shall be credited and paid a cash amount equal to the amount of interest that would have accrued on all dividend equivalents accumulated under Section 3(c)(i) and paid in cash in respect of Stock vested on the Vesting Date, had all such dividend equivalents earned interest at a rate equal to prime rate as reported in the Wall Street Journal, adjusted and compounded annually, from the date such cash dividends were paid by the Company on the Stock.
Appears in 5 contracts
Samples: 2024 Restricted Stock Unit Award Agreement (Rayonier Advanced Materials Inc.), 2024 Restricted Stock Unit Award Agreement (Rayonier Advanced Materials Inc.), 2022 Restricted Stock Unit Award Agreement (Rayonier Advanced Materials Inc.)