Common use of Other Dividends and Distributions Clause in Contracts

Other Dividends and Distributions. If the Company declares and pays a dividend or distribution on Shares that is an extraordinary cash dividend or in the form of property other than additional Shares, then a number of additional RSUs shall be credited to the Participant as of the payment date for such dividend or distribution equal to (A) the number of RSUs credited to the Participant as of the record date for such dividend or distribution multiplied by (B) the amount of cash plus the fair market value of any such property paid as a dividend or distribution on each Share at such payment date, divided by (C) the Fair Market Value of a Share at such dividend payment date.

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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