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

Limitation of Rights; Dividend Equivalents. The Recipient shall not have any rights of ownership of the Shares underlying the Performance Shares before the issuance of such Shares, including the right to vote such shares. The Recipient, however, shall be entitled to receive, following the completion of the Performance Period but in no event later than March 15th of the calendar year following the completion of the Performance Period, a cash payment equal to the cash dividends that would have been paid during the Performance Period on the applicable number of Shares underlying the Performance Shares earned as provided in Section 2 if such Shares had been issued and outstanding during the Performance Period.

Limitation of Rights; Dividend Equivalents. The Recipient shall not have any rights of ownership of the Shares shares of II-VI’s Common Stock underlying the Performance Shares before the issuance of such Sharesshares, including the right to vote such shares. The Recipient, however, shall be entitled to receive, following the completion of the Performance Period but in no event later than March 15th of the calendar year following the completion of the Performance Period, a cash payment equal to the cash dividends that would have been paid during the Performance Period on the applicable number of Shares shares underlying the Performance Shares earned as provided in Section 2 if such Shares shares had been issued and outstanding during the Performance Period.

Limitation of Rights; Dividend Equivalents. The Recipient shall not have any rights of ownership of the Shares underlying the Performance Shares before the issuance of such Sharesshares, including the any right to vote such shares. The Recipient, however, shall be entitled to receive, following the completion of the Performance Period but in no event later than March 15th of the calendar year following the completion of the Performance Period, a cash payment equal to the cash dividends dividends, if any, that would have been paid during the Performance Period on the applicable number of Shares underlying the Performance Shares earned as provided in Section 2 if such Shares had been issued and outstanding during the Performance Period.