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

No Privilege of Stock Ownership; Dividend Equivalents. Holding PSUs 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. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a "Dividend Equivalent" (as defined in the Plan) in the form of additional PSUs ("Dividend Equivalent PSUs") will be credited on the PSUs (including Dividend Equivalent PSUs) as follows:

Appears in 3 contracts

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

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No Privilege of Stock Ownership; Dividend Equivalents. Holding PSUs 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. Notwithstanding the foregoing, if Company declares a dividend on Shares, then a "Dividend Equivalent" (as defined in the Plan) in the form of additional PSUs ("Dividend Equivalent PSUs") will be credited on the PSUs (including Dividend Equivalent PSUs) as follows:

Appears in 1 contract

Samples: Performance Stock Unit Agreement (DST Systems Inc)

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