Other Dividends. If the Company declares and pays a dividend or distribution on Shares in the form of property other than additional Shares, 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 at such payment date, divided by the Fair Market Value of a Share at such payment date.
Appears in 18 contracts
Samples: Restricted Stock Units Agreement (Gleacher & Company, Inc.), Restricted Stock Units Agreement (Broadpoint Gleacher Securities Group, Inc.), Restricted Stock Units Agreement (Broadpoint Gleacher Securities Group, Inc.)
Other Dividends. If the Company declares and pays a dividend or distribution on Shares in the form of property other than additional Shares, 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 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 4 contracts
Samples: Inducement Restricted Stock Units Agreement (Gleacher & Company, Inc.), Inducement Restricted Stock Units Agreement (Gleacher & Company, Inc.), Restricted Stock Units Agreement (Gleacher & Company, Inc.)
Other Dividends. If the Company declares and pays a dividend or distribution on Shares in the form of property other than additional Shares, then a number of additional Units shall be credited to Employee’s '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 at such payment date, divided by the Fair Market Value of a Share at such payment date.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Broadpoint Securities Group, Inc.), Restricted Stock Units Agreement (Broadpoint Securities Group, Inc.)
Other Dividends. If the Company declares and pays a dividend or distribution on Shares in the form of property other than additional Shares, 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 at such payment date, divided by the Fair Market Value of a Share at such payment date.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Broadpoint Gleacher Securities Group, Inc.), Restricted Stock Units Agreement (Broadpoint Securities Group, Inc.)
