Common use of No Privilege of Stock Ownership; Dividend Equivalents Clause in Contracts

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “Dividend Equivalent” (as defined in the Plan) in the form of additional RSUs will be paid on the RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. The number of additional RSUs credited shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. All rights to any Dividend Equivalents shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d). To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h)), with respect to any RSUs, any additional RSUs credited to Employee’s RSU Account attributable to Dividend Equivalents shall be distributed at the same time as the original RSUs subject to the extended deferral election.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the any Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement before the date such Shares are issued pursuant to this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “"Dividend Equivalent” " (as defined in the Plan) in the form of additional RSUs ("Dividend Equivalent RSUs") will be credited and paid on the RSUs (including Dividend Equivalent RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. ) as follows: (i) The number of additional Dividend Equivalent RSUs credited (which may include fractional RSUs) shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs (including any Dividend Equivalent RSUs) then credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. . (ii) All rights to any Dividend Equivalents Equivalent RSUs shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d3(c). Dividend Equivalent RSUs shall be subject to the same risk of forfeiture and the same Vesting terms and conditions as the original RSUs. To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h3(g)), ) is in effect with respect to any Vested RSUs, any additional Dividend Equivalent RSUs will be determined and credited on such RSUs in accordance with the same rules set forth above. Any Shares relating to Vested Dividend Equivalent RSUs credited to Employee’s RSU Account attributable Employee pursuant to Dividend Equivalents this Agreement shall be distributed issued at the same time as the original RSUs subject Shares relating to the extended deferral electionoriginal underlying RSUs ("Issuance Date"); provided, however, if Company declares a dividend for which the dividend record date is prior to the Issuance Date, but for which the dividend payment date is on or after the Issuance Date (a "Straddle Dividend"), the Shares relating to such Dividend Equivalent RSUs shall be issued within ten (10) business days of such Straddle Dividend payment date, rather than on the Issuance Date.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “"Dividend Equivalent” " (as defined in the Plan) in the form of additional RSUs will be paid on the RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. The number of additional RSUs credited shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s 's RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. All rights to any Dividend Equivalents shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d). To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h)), with respect to any RSUs, any additional RSUs credited to Employee’s 's RSU Account attributable to Dividend Equivalents shall be distributed at the same time as the original RSUs subject to the extended deferral election.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the any Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement before the date such Shares are issued pursuant to this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “Dividend Equivalent” (as defined in the Plan) in the form of additional RSUs (“Dividend Equivalent RSUs”) will be credited and paid on the RSUs (including Dividend Equivalent RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. ) as follows: (i) The number of additional Dividend Equivalent RSUs credited (which may include fractional RSUs) shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs (including any Dividend Equivalent RSUs) then credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. . (ii) All rights to any Dividend Equivalents Equivalent RSUs shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d3(c). Dividend Equivalent RSUs shall be subject to the same risk of forfeiture and the same Vesting terms and conditions as the original RSUs. To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h3(g)), ) is in effect with respect to any Vested RSUs, any additional Dividend Equivalent RSUs will be determined and credited on such RSUs in accordance with the same rules set forth above. Any Shares relating to Vested Dividend Equivalent RSUs credited to Employee’s RSU Account attributable Employee pursuant to Dividend Equivalents this Agreement shall be distributed issued at the same time as the original RSUs subject Shares relating to the extended deferral electionoriginal underlying RSUs (“Issuance Date”); provided, however, if Company declares a dividend for which the dividend record date is prior to the Issuance Date, but for which the dividend payment date is on or after the Issuance Date (a “Straddle Dividend”), the Shares relating to such Dividend Equivalent RSUs shall be issued within ten (10) business days of such Straddle Dividend payment date, rather than on the Issuance Date.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the any Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement before the date such Shares are issued pursuant to this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “"Dividend Equivalent” " (as defined in the Plan) in the form of additional RSUs ("Dividend Equivalent RSUs") will be credited and paid on the RSUs (including Dividend Equivalent RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. ) as follows: (i) The number of additional Dividend Equivalent RSUs credited (which may include fractional RSUs) shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs (including any Dividend Equivalent RSUs) then credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. . (ii) All rights to any Dividend Equivalents Equivalent RSUs shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d3(c). To Dividend Equivalent RSUs shall be subject to the extent that Employee has elected an Extended Issuance Delay (same risk of forfeiture and the same Vesting terms and conditions as defined in Paragraph 3(h)), with respect the original RSUs. Any Shares relating to any RSUs, any additional Vested Dividend Equivalent RSUs credited to Employee’s RSU Account attributable Employee pursuant to Dividend Equivalents this Agreement shall be distributed issued at the same time as the original RSUs subject Shares relating to the extended deferral electionoriginal underlying RSUs ("Issuance Date"); provided, however, if Company declares a dividend for which the dividend record date is prior to the Issuance Date, but for which the dividend payment date is on or after the Issuance Date (a "Straddle Dividend"), the Shares relating to such Dividend Equivalent RSUs shall be issued within ten (10) business days of such Straddle Dividend payment date, rather than on the Issuance Date.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the any Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement before the date such Shares are issued pursuant to this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “"Dividend Equivalent” " (as defined in the Plan) in the form of additional RSUs ("Dividend Equivalent RSUs") will be credited and paid on the RSUs (including Dividend Equivalent RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. ) as follows: (i) The number of additional Dividend Equivalent RSUs credited (which may include fractional RSUs) shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs (including any Dividend Equivalent RSUs) then credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. . (ii) All rights to any Dividend Equivalents Equivalent RSUs shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d3(c). To Dividend Equivalent RSUs shall be subject to the extent that Employee has elected an Extended Issuance Delay (same risk of forfeiture and the same Vesting terms and conditions as defined in Paragraph 3(h)), with respect the original RSUs. Any Shares relating to any RSUs, any additional Vested Dividend Equivalent RSUs credited to Employee’s RSU Account attributable Employee pursuant to Dividend Equivalents this Agreement shall be distributed issued at the same time as the original RSUs subject Shares relating to the extended deferral electionoriginal underlying RSUs ("Issuance Date"); provided, however, if Company declares a dividend for which the dividend record date is prior to the Issuance Date, but for which the dividend payment date is on or after the Issuance Date (a "Straddle Dividend"), the Shares relating to such Dividend Equivalent RSUs shall be issued within ten (10) business days of such Straddle Dividend payment date, rather than on the Issuance Date. 3. VESTING, FORFEITURE, AND SHARE ISSUANCE. PA02 903592.04-NYCSR05A - MSW a. Vesting Date(s). The RSUs shall become Vested on the Vesting Date(s) as shown in the online or other grant communication to which this Agreement is attached.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “"Dividend Equivalent” " (as defined in the Plan) in the form of additional RSUs will be paid on the RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. The number of additional RSUs credited shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s 's RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. All rights to any Dividend Equivalents shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d3(c). To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h3(g)), with respect to any RSUs, any additional RSUs credited to Employee’s 's RSU Account attributable to Dividend Equivalents shall be distributed at the same time as the original RSUs subject to the extended deferral election.

No Privilege of Stock Ownership; Dividend Equivalents. Holding RSUs does not give Employee the rights of a shareholder (including without limitation the right to vote or receive dividends or other distributions) with respect to the Shares underlying the RSUs that Company may issue under the terms and conditions of this Agreement. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a “Dividend Equivalent” (as defined in the Plan) in the form of additional RSUs will be paid on the RSUs. Dividend Equivalents will be converted to additional RSUs on the date the actual dividend is paid to Company shareholders. The number of additional RSUs credited shall be the quotient (rounded up to the next whole Share) obtained by dividing the aggregate cash amount that would have been paid as a dividend on the Shares underlying all RSUs credited to Employee in this Award (whether or not such RSUs have Vested) by the Fair Market Value of a Share on the date such dividend payment is made to Company shareholders. Any additional RSUs credited to Employee’s RSU Account which are attributable to Dividend Equivalents shall be subject to the same risk of forfeiture and the same Vesting conditions, and result in the issuance of Shares at the same time and same manner, as the original underlying RSUs. All rights to any Dividend Equivalents shall be subject to the restrictions on transferability described in Paragraph 2(a) and shall become null and void upon forfeiture of the RSUs under Paragraph 3(d). To the extent that Employee has elected an Extended Issuance Delay (as defined in Paragraph 3(h3(f)), with respect to any RSUs, any additional RSUs credited to Employee’s RSU Account attributable to Dividend Equivalents shall be distributed at the same time as the original RSUs subject to the extended deferral election.