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 any Shares 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) as follows:

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc)

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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 any Shares 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) as follows:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (DST Systems Inc)

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