Common use of Limitation of Rights; Dividend Equivalents Clause in Contracts

Limitation of Rights; Dividend Equivalents. Prior to the receipt of shares of Common Stock as outlined above, Participant shall not have (i) any rights of ownership of the shares of Common Stock subject to the Performance Share Units before the issuance of such shares, (ii) any right to vote such shares, or (iii) the right to receive any cash dividends paid on shares underlying Performance Share Units if and when cash dividends are paid to shareholders of the Company.

Appears in 6 contracts

Samples: Performance Share Unit Award Agreement (Charles River Laboratories International, Inc.), Performance Share Unit Award Agreement (Charles River Laboratories International, Inc.), Performance Share Unit Award Agreement (Charles River Laboratories International, Inc.)

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Limitation of Rights; Dividend Equivalents. Prior to the receipt of shares of Common Stock as outlined above, Participant shall not have (i) any rights of ownership of the shares of Common Stock subject to the Performance Share Units Awards before the issuance of such shares, (ii) any right to vote such shares, or (iii) the right to receive any cash dividends paid on shares underlying Performance Share Units Awards if and when cash dividends are paid to shareholders of the Company.

Appears in 1 contract

Samples: Performance Award Agreement (Charles River Laboratories International Inc)

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