Common use of No Voting Rights/Dividends Clause in Contracts

No Voting Rights/Dividends. The Award shall not be interpreted to bestow upon the Employee any equity interest or ownership in the Company prior to the Payment Date. Once the Unit Award and the Dividend Equivalent Award have become Vested and the shares of Common Stock underlying those Awards have been delivered, but not until such time and only with respect to the shares of Common Stock so delivered, the Employee shall have the rights of a stockholder, including, but not limited to, the right to vote and receive dividends.

Appears in 3 contracts

Samples: www.sec.gov, Global Restricted Stock Unit (Sapient Corp), Restricted Stock Unit Agreement (Sapient Corp)

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No Voting Rights/Dividends. The Award shall not be interpreted to bestow upon the Employee Director any equity interest or ownership in the Company Group prior to the Payment Date. Once the Unit Award and the Dividend Equivalent Award have become Vested and the shares of Common Stock underlying those Awards have been delivered, but not until such time and only with respect to the shares of Common Stock so delivered, the Employee Director shall have the rights of a stockholder, including, but not limited to, the right to vote and receive dividends.

Appears in 2 contracts

Samples: Sapient Corporation Restricted Stock Units Agreement (Sapient Corp), Sapient Corporation Restricted Stock Units Agreement (Sapient Corp)

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No Voting Rights/Dividends. The Award shall not be interpreted to bestow upon the Employee any equity interest or ownership in the Company Group prior to the Payment Date. Once the Unit Award and the Dividend Equivalent Award have become Vested and the shares of Common Stock underlying those Awards have been delivered, but not until such time and only with respect to the shares of Common Stock so delivered, the Employee shall have the rights of a stockholder, including, but not limited to, the right to vote and receive dividends.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp)

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