Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of Stock in the form of property other than shares of Stock, then a number of additional Performance Shares shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of Performance Shares credited to the 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 of Stock at such payment date, divided by the Fair Market Value of a share of Stock at such payment date.
Appears in 8 contracts
Samples: Performance Shares Agreement (New Jersey Resources Corp), Performance Shares Agreement (New Jersey Resources Corp), Performance Shares Agreement (New Jersey Resources Corp)
Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of Stock in the form of property other than shares of Stock, then a number of additional Performance Shares Share Units shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of Performance Shares Share Units credited to the 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 of Stock at such payment date, divided by the Fair Market Value of a share of Stock at such payment date.
Appears in 2 contracts
Samples: Performance Share Units Agreement (New Jersey Resources Corp), Performance Share Units Agreement (New Jersey Resources Corp)
Non-Share Dividends. If the Company declares and pays a dividend or distribution on shares of Stock in the form of property other than shares of Stock, then a number of additional Performance Shares Units shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of Performance Shares Units credited to the 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 of Stock at such payment date, divided by the Fair Market Value of a share of Stock at such payment date.
Appears in 1 contract
Samples: Performance Units Agreement (New Jersey Resources Corp)
Non-Share Dividends. If the Company declares and pays a dividend or distribution distribution on shares of Stock in the form of property other than shares of Stock, then a number of additional Performance Shares Units shall be credited to Employee’s 's Account as of the payment date for such dividend or distribution equal to the number of Performance Shares Units credited to the 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 of Stock at such payment date, divided by the Fair Market Value of a share of Stock at such payment date.
Appears in 1 contract
Samples: Performance Units Agreement (New Jersey Resources Corp)
