Common use of No Rights as a Stockholder Prior to Vesting; Payment of Dividend Equivalents Clause in Contracts

No Rights as a Stockholder Prior to Vesting; Payment of Dividend Equivalents. Grantee shall not have any right, title or interest in, or be entitled to vote or receive distributions in respect of, or otherwise be considered the owner of, any of the shares of Common Stock covered by the Performance RSU Award until such shares have become Vested Stock pursuant to Paragraphs 2 or 3 above. The Grantee shall not be entitled to receive dividend equivalents in respect of the shares of Common Stock covered by the Performance RSU Award to the extent that such shares were not Vested Stock on the corresponding record date for such dividend payment (and provided that such record date was on or after the Date of Grant).

Appears in 5 contracts

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/), Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

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No Rights as a Stockholder Prior to Vesting; Payment of Dividend Equivalents. Grantee shall not have any right, title or interest in, or be entitled to vote or receive distributions in respect of, or otherwise be considered the owner of, any of the shares of Common Stock covered by the Performance RSU Award until such shares have become Vested Stock pursuant to Paragraphs 2 or 3 above. The Grantee shall not be entitled to receive dividend equivalents in respect of the shares of Common Stock covered by the Performance RSU Award Award. Subject to the extent Paragraph 3(f), Grantee shall be eligible to receive all dividends on shares that such shares were not are Vested Stock on the corresponding record date for such dividend payment (and provided that such record date was on or after the Date of Grant).

Appears in 1 contract

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

No Rights as a Stockholder Prior to Vesting; Payment of Dividend Equivalents. Grantee shall not have any right, title or interest in, or be entitled to vote or receive distributions in respect of, or otherwise be considered the owner of, any of the shares of Common Stock covered by the Performance RSU Award until such shares have become Vested Stock pursuant to Paragraphs 2 or 3 above. The Grantee shall not be entitled to receive dividend equivalents in respect of the shares of Common Stock covered by the Performance RSU Award Award. Subject to the extent Paragraph 3(e) above, Grantee shall be eligible to receive all dividends on shares that such shares were not are Vested Stock on the corresponding record date for such dividend payment (and provided that such record date was on or after the Date of Grant).

Appears in 1 contract

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

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No Rights as a Stockholder Prior to Vesting; Payment of Dividend Equivalents. Grantee shall not have any right, title or interest in, or be entitled to vote or receive distributions in respect of, or otherwise be considered the owner of, any of the shares of Common Stock covered by the Performance RSU Award until such shares have become Vested Stock pursuant to Paragraphs 2 or 3 above. The Grantee shall not be entitled to receive dividend equivalents in respect of the shares of Common Stock covered by the Performance RSU Award Award. Subject to the extent Paragraph 3(e), Grantee shall be eligible to receive all dividends on shares that such shares were not are Vested Stock on the corresponding record date for such dividend payment (and provided that such record date was on or after the Date of Grant).

Appears in 1 contract

Samples: Performance Rsu Award Agreement (Electronic Data Systems Corp /De/)

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