Ownership of Restricted Stock. From and after the time that the Account representing the Restricted Stock has been activated and prior to forfeiture, the Awardee will be entitled to all the rights of absolute ownership of the Restricted Stock, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement. Dividends paid in stock of the Company or stock received in connection with a Stock split with respect to the Restricted Stock shall be subject to the same restrictions as on such Restricted Stock. The shares of Restricted Stock subject to this Award are not eligible to be enrolled in any dividend re-investment program until the restrictions thereon expire.
Ownership of Restricted Stock. From and after the Grant Date, the Participant will be entitled to all the rights of absolute ownership of the Restricted Stock granted under this Agreement, including the right to vote those shares; provided, however, that any dividends paid by the Company with respect to the Restricted Stock prior to the expiration of the Forfeiture Restrictions shall be held in escrow by the Company and paid to the Participant, if at all, at the time the Forfeiture Restrictions expire on the Restricted Stock for which the dividend accrued; provided, further, that in no event shall dividends be settled later than 45 days following the date on which the Forfeiture Restrictions expire with respect to the Restricted Stock for which the dividends were accrued. For purposes of clarity, if the Restricted Stock is forfeited by the Participant pursuant to the terms of this Agreement then the Participant shall also forfeit the dividends, if any, accrued with respect to such forfeited Restricted Stock. No interest will accrue on the dividends between the declaration and settlement of the dividends.
Ownership of Restricted Stock. From and after the time that the Account representing the Restricted Stock has been activated, the Awardee will be entitled to all the rights of absolute ownership of the Restricted Stock, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement. Dividends paid in stock of the Company or stock received in connection with a Stock split with respect to the Restricted Stock shall be subject to the same restrictions as on such Restricted Stock. The shares of Restricted Stock subject to this Award are not eligible to be enrolled in any dividend re-investment program until the restrictions thereon lapse or expire.
Ownership of Restricted Stock. From and after the time the Restricted Stock are issued in your name, you will be entitled to all the rights of absolute ownership of the Restricted Stock, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement; provided, however, that each dividend payment will be made no later than the 60th day following the date such dividend payment is made to stockholders generally. In the event that you forfeit the Restricted Stock prior to settlement, you shall have no further rights with respect to such Restricted Stock; provided, however, that such a forfeiture shall not create any obligation for you to repay any dividends received prior to that forfeiture nor shall it invalidate any votes that you have given during the time that you held the Restricted Stock.
Ownership of Restricted Stock. From and after the time that the restricted Stock has been issued in your name, you will be entitled to all the rights of absolute ownership of the restricted Stock, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement.
Ownership of Restricted Stock. The Company will issue Shares of Restricted Stock in your name in the form of an entry into a share memo account with the Company’s stock transfer agent on the Grant Date. The account will show that the Shares are subject to the restrictions described herein. Subject to the terms and conditions described herein, you shall be entitled to all the rights of beneficial ownership of the Shares while they are held in the share memo account, including the right to vote the Shares and to receive dividends, subject to the requirements set forth herein, if, as and when declared by the Company’s Board of Directors. Any distributions you receive as a result of any stock split, stock dividend, combination of shares or other similar transaction shall be deemed to be a part of the Restricted Stock and subject to the same conditions and restrictions applicable thereto. The Company may in its sole discretion require any dividends paid on the Restricted Stock to be reinvested in shares of Stock, which the Company may in its sole discretion deem to be a part of the shares of Restricted Stock and subject to the same conditions and restrictions applicable thereto. Until the restrictions have lapsed or the Shares are forfeited and cancelled, the Shares shall be held in the share memo account and you shall not be entitled to receive certificates representing the Shares. After the Restrictions have lapsed with respect to Shares, you (or, in the case of your death or Disability, your legal representatives, legatees, distributees or guardian) shall have the right to have such Shares certificated and transferred in accordance with the transfer agent’s procedures generally applicable to all stockholders. In order to facilitate the transfer back to the Company of any Shares of Restricted Stock that are forfeited and cancelled as described herein, you must sign and deliver the stock power, attached hereto as Exhibit A, for the Shares to the Company’s Compensation Director. Upon the forfeiture of Shares, such Shares of Restricted Stock will be transferred back to the Company pursuant to such stock power and cancelled. Change in Control Notwithstanding anything herein to the contrary, upon the occurrence of a Change in Control, all Shares of Restricted Stock that (but for the application of this clause) have not vested at the time of the occurrence of such Change in Control event shall vest pro rata based on the actual achievement of the Performance Conditions to the date of the Change i...
Ownership of Restricted Stock. From and after the Effective Date and prior to forfeiture, Grantee will be entitled to all the rights of absolute ownership of the Shares, including the right to vote those Shares and to receive dividends thereon if, as, and when declared by the Board, which dividends will be paid to the Grantee no later than the end of the calendar year in which such dividends are paid to the other holders of Common Stock, or if later, the 15th day of the third month following the date such dividends are paid to the other holders of Common Stock.
Ownership of Restricted Stock. From and after the time the shares of Restricted Stock are issued in your name, unless and until such shares are forfeited pursuant to the terms of this Agreement, you will be the record owner of such shares and, as such, be entitled to all the rights of ownership of the Restricted Stock, other than as expressly provided for herein, including the right to vote those shares and to receive dividends thereon if, as, and when declared by the Board, subject, however, to the terms, conditions and restrictions set forth in this Agreement; provided, however, that any dividends that are payable with respect to the Restricted Stock shall be withheld and subject to the same vesting criteria and other restrictions as the underlying shares of Restricted Stock and shall be paid to you (without interest) at such time as the Restricted Stock vests and any restrictions thereon lapse in accordance with the terms and conditions of this Agreement (but in no event later than the sixtieth (60th) day thereafter). In the event that you forfeit the Restricted Stock, you shall have no further rights with respect to such Restricted Stock or any dividends payable thereon; provided, however, that such a forfeiture shall not invalidate any votes that you have given during the time that you held the Restricted Stock.
Ownership of Restricted Stock. From and after the Date of Grant, the Grantee shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all the rights of a shareholder, including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same Forfeiture Restrictions (as defined below) as the shares of Restricted Stock with respect to which they were paid. No interest shall accrue on the dividends or other distributions between the declaration and settlement of the dividends.
Ownership of Restricted Stock. From and after the Date of Grant, the Grantee shall be the record owner of the Restricted Stock until the shares of Stock are sold or otherwise disposed of, and shall be entitled to all the rights of a shareholder of the Stock, including, without limitation, the right to vote such shares and to receive all dividends or other distributions paid with respect to such shares as, if and when such dividends or other distributions are received by shareholders of the Company generally.
