Common use of No Voting Rights; Dividend Equivalents Clause in Contracts

No Voting Rights; Dividend Equivalents. The Participant shall not have voting rights with respect to the Shares underlying the RSUs unless and until such Shares are reflected as issued and outstanding shares on the Company’s stock ledger. The Participant shall be credited with an amount of cash equivalent to any dividends or other distributions paid with respect to the Shares underlying the RSUs, so long as the applicable record date occurs on or after the Date of Grant and before such RSUs are forfeited or settled; provided that such cash amounts shall be subject to the same risk of forfeiture as the RSUs to which such amounts relate. If, however, any dividends or other distributions with respect to the Shares underlying the RSUs are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units equal to the number of Shares that the Participant would have received had the RSUs been actual Shares, and such restricted stock units shall be deemed RSUs subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the RSUs to which such dividends or other distributions relate. Any amounts due to the Participant under this provision shall be paid to the Participant or distributed, as applicable, at the same time as payment is made in respect of the RSUs to which such dividends or other distributions relate.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.), Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.), Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.)

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No Voting Rights; Dividend Equivalents. The Participant shall not have voting rights with respect to the Shares underlying the RSUs unless and until such Shares are reflected as issued and outstanding shares on the Company’s stock ledgerRSUs. The Participant shall be credited with an amount of cash equivalent to any dividends or other distributions paid with respect to the Shares underlying the RSUs, so long as the applicable record date occurs on or after the Date of Grant and before such RSUs are forfeited or settled; provided that such cash amounts shall be subject to the same risk of forfeiture as the RSUs to which such amounts relate. If, however, any dividends or other distributions with respect to the Shares underlying the RSUs are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units equal to the number of Shares that the Participant would have received had the RSUs been actual Shares, and such restricted stock units shall be deemed RSUs subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the RSUs to which such dividends or other distributions relate. Any amounts due to the Participant under this provision shall be paid to the Participant or distributed, as applicable, at the same time as payment is made in respect of the RSUs to which such dividends or other distributions relate.

Appears in 3 contracts

Samples: Settled Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.), Settled Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.), Settled Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.)

No Voting Rights; Dividend Equivalents. The Participant shall not have voting rights with respect to the Shares underlying the RSUs PUs unless and until such Shares are reflected as issued and outstanding shares on the Company’s stock ledger. The Participant shall be credited with an amount of cash equivalent to any dividends or other distributions paid with respect to the Shares underlying the RSUsPUs, so long as the applicable record date occurs on or after the Date of Grant and before such RSUs PUs are forfeited or settled; provided that such cash amounts shall be subject to the same risk of forfeiture and Performance Goals as the RSUs PUs to which such amounts relate. If, however, any dividends or other distributions with respect to the Shares underlying the RSUs PUs are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock performance units equal to the number of Shares that the Participant would have received had the RSUs PUs been actual Shares, and such restricted stock performance units shall be deemed RSUs PUs subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the RSUs PUs to which such dividends or other distributions relatedistributions. Any amounts due to the Participant under this provision shall be paid to the Participant or distributed, as applicable, at the same time as payment is made in respect of the RSUs PUs to which such dividends or other distributions relate.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Cooper-Standard Holdings Inc.)

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No Voting Rights; Dividend Equivalents. The Participant shall not have voting rights with respect to the Shares underlying the RSUs unless and until such Shares are reflected as issued and outstanding shares on the Company’s stock ledger. The Participant shall be credited with an amount of cash equivalent to any dividends or other distributions paid with respect to the Shares of Common Stock underlying the RSUs, so long as the applicable record date occurs on or after the Date of Grant and before such RSUs are forfeited or settled; provided that such cash amounts shall be subject to the same risk of forfeiture as the RSUs to which such amounts relate. If, however, any dividends or other distributions with respect to the Shares underlying the RSUs are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units RSUs equal to the number of Shares that the Participant would have received had the RSUs been actual Shares, and such restricted stock units RSUs shall be deemed RSUs subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the other RSUs to which such dividends or other distributions relategranted under this Award. Any amounts due to the Participant under this provision shall be paid to the Participant or distributed, as applicable, at the same time as payment is made in respect of the RSUs to which such dividends or other distributions relategranted under this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cooper-Standard Holdings Inc.)

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