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

Limitation of Rights; Dividend Equivalents. Executive shall not have any right to transfer any rights under the Deferred Stock Units except as permitted by Paragraph 4 below, shall not have any rights of ownership in the shares of Common Stock subject to the Deferred Stock Units prior to the issuance of such shares, and shall not have any right to vote such shares. Executive, however, shall receive a cash payment equal to the cash dividends paid on shares underlying outstanding vested Deferred Stock Units when cash dividends are paid to shareholders of the Company.

Appears in 2 contracts

Samples: Deferred Stock Units Agreement (Home Depot Inc), Deferred Stock Units Agreement (Home Depot Inc)

AutoNDA by SimpleDocs

Limitation of Rights; Dividend Equivalents. Executive shall not have any right to transfer any rights under the Deferred Stock Units except as permitted by Paragraph 4 6 below, shall not have any rights of ownership in the shares of Common Stock subject to the Deferred Stock Units prior to the issuance of such shares, and shall not have any right to vote such shares. Executive, however, shall receive a cash payment equal to the cash dividends paid on shares underlying outstanding vested Deferred Stock Units when cash dividends are paid to shareholders of the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option and Deferred Stock Units Plan and Agreement (Home Depot Inc)

AutoNDA by SimpleDocs

Limitation of Rights; Dividend Equivalents. Executive shall not have any right to transfer any rights under the Deferred Stock Units Shares except as permitted by Paragraph 4 belowSection 4, shall not have any rights of ownership in of the shares of Common Stock the Company's common stock subject to the Deferred Stock Units prior to Shares before the issuance of such shares, and shall not have any right to vote such shares. Executive, however, shall receive a cash payment equal to the cash dividends paid on shares underlying outstanding vested Deferred Stock Units Shares when cash dividends are paid to shareholders of the Company.

Appears in 1 contract

Samples: Restricted Stock Exchange Agreement (Home Depot Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!