No Rights as a Stockholder; Dividend Equivalents. Neither the Units nor this Agreement shall entitle Awardee to any voting rights or other rights as a stockholder of the Company unless and until Shares have been issued in settlement thereof. On the date of settlement of a Unit, the Company will pay to you a cash amount equal to the product of (i) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the Units were adjusted pursuant to Section 15 of this Agreement or Section 1.6.4 of the Plan), if any, paid on a Share from the Date of Grant to the settlement date and (ii) the number of Shares delivered to you on such settlement date (including for this purpose any Shares which would have been delivered on such settlement date but for being withheld to satisfy tax withholding obligations) (the “Dividend Equivalents”); provided that, such Dividend Equivalents will be subject to the forfeiture provisions set forth in Section 5 and Section 17 on the same basis as the related Unit/Acquired Share.
Appears in 6 contracts
Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)
No Rights as a Stockholder; Dividend Equivalents. Neither the Units nor this Agreement shall entitle Awardee to any voting rights or other rights as a stockholder of the Company unless and until Shares have been issued in settlement thereof. On the date of settlement of a Unit, the Company will pay to you a cash amount equal to the product of (i) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the Units were adjusted pursuant to Section 15 14 of this Agreement or Section 1.6.4 of the Plan), if any, paid on a Share from the Date of Grant to the settlement date and (ii) the number of Shares delivered to you on such settlement date (including for this purpose any Shares which would have been delivered on such settlement date but for being withheld to satisfy tax withholding obligations) (the “Dividend Equivalents”); provided that, such Dividend Equivalents will be subject to the forfeiture provisions set forth in Section 5 and Section 17 16 on the same basis as the related Unit/Acquired Share.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc), Restricted Stock Unit Agreement (United Rentals North America Inc)
No Rights as a Stockholder; Dividend Equivalents. Neither the Units nor this Agreement shall entitle Awardee to any voting rights or other rights as a stockholder of the Company unless and until Shares have been issued in settlement thereof. On the date of settlement of a Unit, the Company will pay to you a cash amount equal to the product of (i) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the Units were adjusted pursuant to Section 15 of this Agreement or Section 1.6.4 of the Plan), if any, paid on a Share from the Date of Grant to the settlement date and (ii) the number of Shares delivered to you on such settlement date (including for this purpose any Shares which would have been delivered on such settlement date but for being withheld to satisfy tax withholding obligations) (the “Dividend Equivalents”); provided that, such Dividend Equivalents will be subject to the forfeiture provisions set forth in Section 5 and Section 17 16 on the same basis as the related Unit/Acquired Share.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (United Rentals North America Inc)
No Rights as a Stockholder; Dividend Equivalents. Neither the Units nor this Agreement shall entitle Awardee to any voting rights or other rights as a stockholder of the Company unless and until Shares have been issued in settlement thereof. On the date of settlement of a Unit, the Company will pay to you a cash amount equal to the product of (i) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the Units were adjusted pursuant to Section 15 14 of this Agreement or Section 1.6.4 of the Plan), if any, paid on a Share from the Date of Grant to the settlement date and (ii) the number of Shares delivered to you on such settlement date (including for this purpose any Shares which would have been delivered on such settlement date but for being withheld to satisfy tax withholding obligations) (the “Dividend Equivalents”); provided that, such Dividend Equivalents will be subject to the forfeiture provisions set forth in Section 5 and Section 17 16 on the same basis as the related Unit/Acquired Share.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (United Rentals North America Inc)
No Rights as a Stockholder; Dividend Equivalents. Neither the Units nor this Agreement shall entitle Awardee to any voting rights or other rights as a stockholder of the Company unless and until Shares have been issued in settlement thereof. On the date of settlement of a Unit, the Company will pay to you a cash amount equal to the product of (ia) all cash dividends or other distributions (other than cash dividends or other distributions pursuant to which the Units were adjusted pursuant to Section 15 14 of this Agreement or Section 1.6.4 of the Plan), if any, paid on a Share from the Date of Grant to the settlement date and (iib) the number of Shares delivered to you on such settlement date (including for this purpose any Shares which would have been delivered on such settlement date but for being withheld to satisfy tax withholding obligations) (the “Dividend Equivalents”); provided that, such Dividend Equivalents will be subject to the forfeiture provisions set forth in Section 5 and Section 17 16 on the same basis as the related Unit/Acquired Share.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (United Rentals North America Inc)