Non-Stock Dividends Sample Clauses

Non-Stock Dividends. Non-Stock Dividends on the Restricted Stock held by you shall be paid to you as and when declared and paid by the Company, subject to applicable withholding. You shall not be entitled to any Dividend Equivalents in respect of Restricted Stock subject to this Restricted Stock Agreement.
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Non-Stock Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of property other than shares of Stock, then a number of additional Units shall be credited to Employee’s Account as of the payment date for such dividend or distribution equal to the number of 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.
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Non-Stock Dividends. You shall not be entitled to any (i) Non-Stock Dividends on any Restricted Stock until you become the holder of record thereof or (ii) any Dividend Equivalents in respect of Restricted Stock subject to this Restricted Stock Agreement.
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Non-Stock Dividends. If the Company declares and pays a dividend or distribution on Stock in the form of property other than shares of Stock, then a number of additional PBRSUs and SBRSUs, as applicable, shall be credited to your Account as of the payment date for such dividend or distribution in a number equal to the number of PBRSUs and SBRSUs 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.
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Non-Stock Dividends. As provided by Code Section 404(k)(2), cash or property (other than Stock) received by the Trust as a result of a Stock dividend on Stock held in a Participant's Account: (i) with respect to dividends on Stock held in a Participant's Account, may be used to purchase Stock to be allocated to such Participant's Account; (ii) may be paid in cash to the Participants and Beneficiaries; or (iii) may be paid in cash to the Plan and distributed by the Plan to the Participants and Beneficiaries no later than 90 days after the end of the Plan Year in which paid. If the dividends are paid to Participants and Beneficiaries, such payments may be taxable distributions, as provided in the Code and applicable regulations. (See Code Sections 404(k), 72(t), 3405(e) and 411(a)(11)(C).)
Sample 1
Non-Stock Dividends. If the Company declares and pays a dividend on Common Stock in the form of property other than shares of Common Stock, then a number of additional Restricted Stock Units shall be credited to the Employee as of the payment date for such dividend equal to (A) the number of Restricted Stock Units credited to the Employee as of the record date for such dividend, multiplied by (B) the fair market value of any such property actually paid as a dividend on each share of Common Stock at such payment date, divided by (C) the Fair Market Value of a share of Common Stock at the ex-dividend date.
Sample 1
Non-Stock Dividends. As provided by Code Section 404(k)(2), cash or property (other than Stock) received by the Trust as a result of a dividend on Stock held in a Participant’s Account may be: (1) used to purchase Stock to be allocated to such Participant’s Account; (2) paid in cash to such Participants (or their Beneficiaries); or (3) paid in cash to the Plan and distributed by the Plan to such Participants (or their Beneficiaries) no later than 90 days after the end of the Plan Year in which paid. If the dividends are paid to Participants and Beneficiaries, such payments may be taxable distributions, as provided in the Code and applicable Regulations. (See Code Sections 404(k), 72(t), 3405(e) and 411(a)(11)(C).)
Sample 1
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Non-Stock Dividends. Except to the extent any distributions by the Company described in this subsection 8(e) are paid out of retained earnings, if the Company at any time after the Purchase Date and before 5:00 p.m., New York City time, on the last day of the Exercise Period, shall distribute to all holders of Shares cash, debt securities or other assets (including evidences of indebtedness), the Exercise Price will be adjusted so that immediately following the date fixed by the Company as the record date in respect of such distribution it shall equal the price determined by subtracting the fair market value of such distribution on a per share basis (as determined in good faith by the Board of Directors of the Company, whose determination shall be conclusive) from the Exercise Price in effect immediately prior to the close of business on the record date for the determination of the shareholders entitled to receive such distribution.
Sample 1

Related to Non-Stock Dividends

  • Stock Dividends If the Company at any time shall pay a dividend payable in, or make any other distribution (except any distribution specifically provided for in the foregoing subsections (a) or (b)) of the Company's stock, then the Exercise Price shall be adjusted, from and after the record date of such dividend or distribution, to that price determined by multiplying the Exercise Price in effect immediately prior to such record date by a fraction (i) the numerator of which shall be the total number of all shares of the Company's stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of all shares of the Company's stock outstanding immediately after such dividend or distribution. The Warrantholder shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of shares of Preferred Stock (calculated to the nearest whole share) obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Preferred Stock issuable upon the exercise hereof immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting from such adjustment.

  • Stock Splits, Stock Dividends, etc In the event of any issuance of Shares of the Company’s voting securities hereafter to any of the Stockholders (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement and shall be notated with the legend set forth in Subsection 7.12.

  • Stock Dividend If the Company shall at any time declare a dividend payable in shares of Common Stock, then Holder, upon Exercise of this Warrant after the record date for the determination of holders of Common Stock entitled to receive such dividend, shall be entitled to receive upon Exercise of this Warrant, in addition to the number of shares of Common Stock as to which this Warrant is exercised, such additional shares of Common Stock as such Holder would have received had this Warrant been exercised immediately prior to such record date and the Exercise Price will be proportionately adjusted.

  • Stock Dividends, etc In the event of a stock split, stock dividend or distribution, or any change in the Common Stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, the terms “Existing Shares” and “Covered Shares” shall be deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction.

  • Stock Dividends and Stock Splits If the Company, at any time while this Debenture is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any Common Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon conversion of, or payment of interest on, the Debentures), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues, in the event of a reclassification of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

  • Stock Dividends - Split-Ups If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split-up of shares of Common Stock, or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in outstanding shares of Common Stock.

  • Stock Dividends, Splits, Etc If the Company declares or pays a dividend or distribution on the outstanding shares of the Class payable in common stock or other securities or property (other than cash), then upon exercise of this Warrant, for each Share acquired, Holder shall receive, without additional cost to Holder, the total number and kind of securities and property which Holder would have received had Holder owned the Shares of record as of the date the dividend or distribution occurred. If the Company subdivides the outstanding shares of the Class by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased. If the outstanding shares of the Class are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price shall be proportionately increased and the number of Shares shall be proportionately decreased.

  • Adjustments for Stock Splits, Stock Dividends, etc If from time to time while this Agreement shall remain in force and effect there is any stock split-up, stock dividend, stock distribution or other reclassification of the Common Stock of the Company, any and all new, substituted or additional securities to which the Stockholder is entitled by reason of his ownership of Shares shall be immediately subject to the restrictions on transfer and other provisions of this Agreement in the same manner and to the same extent as such Shares.

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