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

No Voting Rights; Dividend Equivalents. The Grantee shall have no rights as a shareholder of the Company with respect to the Deferred Shares subject to this Agreement (including the right to vote or receive dividends) until the underlying Common Stock is issued to the Grantee in accordance with Section 4. The Grantee will not be entitled to receive cash payments representing any dividend equivalents paid or payable with respect to the Common Stock underlying the Deferred Shares.

Appears in 5 contracts

Samples: Award Agreement (Vasco Data Security International Inc), Award Agreement (Vasco Data Security International Inc), Equity Incentive (Vasco Data Security International Inc)

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