Common use of Ordinary Cash Dividends Clause in Contracts

Ordinary Cash Dividends. If the Company declares and pays a dividend on Shares in the form of an ordinary cash dividend, dividend equivalents will not be immediately credited or paid to the Participant, but the aggregate amount of such dividends that would have been paid or payable had the RSUs to be settled instead been outstanding Shares at each record date occurring since the initial grant or crediting of such RSUs will be paid as an additional cash payment (without interest) at the time of such settlement.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Donnelley R H Inc), Restricted Stock Units Agreement (R H Donnelley Corp), Award Agreement (Pantry Inc)

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