Common use of Non-Common Stock Dividends Clause in Contracts

Non-Common Stock Dividends. If the Company declares and pays a non-cash dividend or distribution on Shares in the form of property other than Shares, then a number of additional RSUs shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s Account as of the record date for such dividend or distribution multiplied by the fair market value of such property actually paid as a dividend or distribution on each outstanding Share at such payment date, divided by the Fair Market Value of a Share at such payment date.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO)

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Non-Common Stock Dividends. If the Company declares and pays a non-cash dividend or distribution on Shares shares in the form of property other than Sharesshares, then a number of additional RSUs shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s Account as of the record date for such dividend or distribution multiplied by the fair market value of such property actually paid as a dividend or distribution on each outstanding Share share at such payment date, divided by the Fair Market Value of a Share share at such payment date.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Rodman & Renshaw Capital Group, Inc.), Restricted Stock Units Agreement (Rodman & Renshaw Capital Group, Inc.)

Non-Common Stock Dividends. If the Company Corporation declares and pays a non-cash dividend or distribution on Shares Common Stock in the form of property other than Sharesshares of Common Stock, then a number of additional RSUs shall be credited to EmployeeDirector’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s the Account as of the record date for such dividend or distribution multiplied by the fair market value Fair Market Value of such property actually paid as a dividend or distribution on each outstanding Share share of Common Stock at such payment date, divided by the Fair Market Value of a Share share of Common Stock at such payment date.

Appears in 2 contracts

Samples: Federal Home Loan Mortgage (Federal Home Loan Mortgage Corp), Federal Home Loan Mortgage (Federal Home Loan Mortgage Corp)

Non-Common Stock Dividends. If the Company Corporation declares and pays a non-cash dividend or distribution on Shares Common Stock in the form of property other than Sharesshares of Common Stock, then a number of additional RSUs shall be credited to EmployeeGrantee’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s the Account as of the record date for such dividend or distribution multiplied by the fair market value Fair Market Value of such property actually paid as 3 a dividend or distribution on each outstanding Share share of Common Stock at such payment date, divided by the Fair Market Value of a Share share of Common Stock at such payment date.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Federal Home Loan Mortgage Corp)

Non-Common Stock Dividends. If the Company Corporation declares and pays a non-cash dividend or distribution on Shares Common Stock in the form of property other than Sharesshares of 3 Common Stock, then a number of additional RSUs shall be credited to EmployeeGrantee’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s the Account as of the record date for such dividend or distribution multiplied by the fair market value Fair Market Value of such property actually paid as a dividend or distribution on each outstanding Share share of Common Stock at such payment date, divided by the Fair Market Value of a Share share of Common Stock at such payment date.

Appears in 1 contract

Samples: Federal Home Loan Mortgage Corporation Restricted Stock Units Agreement (Federal Home Loan Mortgage Corp)

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Non-Common Stock Dividends. If the Company declares and pays a non-cash dividend or distribution on Shares Common Stock in the form of property other than Sharesshares of Common Stock, then a number of additional RSUs shall be credited to Employee’s 's Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s the Account as of the record date for such dividend or distribution multiplied by the fair market value Fair Market Value of such property actually paid as a dividend or distribution on each outstanding Share share of Common Stock at such payment date, divided by the Fair Market Value of a Share share of Common Stock at such payment date.

Appears in 1 contract

Samples: 1 Agreement and Release (V F Corp /Pa/)

Non-Common Stock Dividends. If the Company Corporation declares and pays a non-cash dividend or distribution on Shares Common Stock in the form of property other than Sharesshares of Common Stock, then a number of additional RSUs shall be credited to EmployeeGrantee’s Account as of the payment date for such dividend or distribution equal to the number of RSUs credited to Employee’s the Account as of the record date for such dividend or distribution multiplied by the fair market value Fair Market Value of such property actually paid as a dividend or distribution on each outstanding Share share of Common Stock at such payment date, divided by the Fair Market Value of a Share share of Common Stock at such payment date.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Federal Home Loan Mortgage Corp)

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