Common use of No Rights as Stockholder; Dividend Equivalents Clause in Contracts

No Rights as Stockholder; Dividend Equivalents. «Last_Name» shall not have any rights of a stockholder of the Company with respect to any shares of Common Stock issuable upon the vesting of performance-based restricted stock units subject to this Agreement (including the right to vote and to receive dividends and other distributions paid with respect to shares of Common Stock), unless and until, and only to the extent, the Performance-Based Restricted Stock Unit Award is settled by the issuance of such shares of Common Stock to «Last_Name». Notwithstanding the foregoing, at such time as the restrictions lapse, an amount equal to any cash dividends that would have been payable to «Last_Name» if the shares of Common Stock underlying the performance-based restricted stock units subject to this Agreement had been issued to «Last_Name» during the restriction period shall be paid in cash to «Last_Name» with respect to the actual number of performance-based restricted stock units that have vested. This Section 3 will not apply with respect to record dates for dividends occurring prior to the Grant Date or after the restriction period has lapsed.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Allscripts Healthcare Solutions, Inc.), Performance Based Restricted Stock Unit Award Agreement (Allscripts Healthcare Solutions, Inc.)

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No Rights as Stockholder; Dividend Equivalents. «Last_Name» shall not have any rights of a stockholder of the Company with respect to any shares of Common Stock issuable upon the vesting of performance-based restricted stock units subject to this Agreement (including the right to vote and to receive dividends and other distributions paid with respect to shares of Common Stock), unless and until, and only to the extent, the Performance-Based Restricted Stock Unit Award is settled by the issuance of such shares of Common Stock to «Last_Name». Notwithstanding the foregoing, at until such time as the restrictions lapse, an amount or the restricted stock units subject to this Agreement are cancelled, whichever occurs first, «Last_Name» will be credited with amounts equal to any cash dividends that would have been be payable to «Last_Name» if the «Last_Name» had been transferred such underlying shares of Common Stock underlying Stock, which amounts shall accrue during the performance-based restriction period and be paid in cash upon the lapse of the restriction period. If restricted stock units subject to this Agreement had been issued are cancelled, any amounts credited to «Last_Name» during the restriction period shall such units will be paid in cash to «Last_Name» with respect to the actual number of performance-based restricted stock units that have vestedforfeited. This Section 3 4 will not apply with respect to record dates for dividends occurring prior to the Grant Date grant date or after the restriction period has lapsed.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Allscripts Healthcare Solutions, Inc.)

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No Rights as Stockholder; Dividend Equivalents. «Last_Name» LAST_NAME%-% shall not have any rights of a stockholder of the Company with respect to any shares of Common Stock issuable upon the vesting of performance-based restricted stock units subject to this Agreement (including the right to vote and to receive dividends and other distributions paid with respect to shares of Common Stock), unless and until, and only to the extent, the Performance-Based Restricted Stock Unit Award is settled by the issuance of such shares of Common Stock to «Last_Name»%%LAST_NAME%-%. Notwithstanding the foregoing, at such time as the restrictions lapse, an amount equal to any cash dividends that would have been payable to «Last_Name» %%LAST_NAME%-% if the shares of Common Stock underlying the performance-based restricted stock units subject to this Agreement had been issued to «Last_Name» %%LAST_NAME%-% during the restriction period shall be paid in cash to «Last_Name» %%LAST_NAME%-% with respect to the actual number of performance-based restricted stock units that have vested. This Section 3 will not apply with respect to record dates for dividends occurring prior to the Grant Date or after the restriction period has lapsed.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Allscripts Healthcare Solutions, Inc.)

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