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Common use of PARTICIPANT'S ACCOUNT Clause in Contracts

PARTICIPANT'S ACCOUNT. Shares of Restricted Stock are bookkeeping units, and do not constitute ownership of Shares or any other equity security. The Company shall maintain a bookkeeping account for Participant (the "Account") reflecting the number of shares of Restricted Stock then credited to Participant hereunder as a result of this grant of Restricted Stock and any crediting of additional Restricted Stock to Participant pursuant to payments equivalent to dividends paid on Shares under Section 7 ("Dividend Equivalents").

Appears in 3 contracts

Samples: Restricted Stock Agreement (Charming Shoppes Inc), Restricted Stock Agreement (Charming Shoppes Inc), Restricted Stock Agreement (Charming Shoppes Inc)

PARTICIPANT'S ACCOUNT. Shares of Restricted Stock are bookkeeping units, and do not constitute ownership of Shares or any other equity security. The Company shall maintain a bookkeeping account for Participant (the "Account") reflecting the number of shares of Restricted Stock then credited to Participant hereunder as a result of this grant of Restricted Stock and any crediting of additional Restricted Stock to Participant pursuant to payments equivalent to dividends paid on Shares under Section 7 5 ("Dividend Equivalents").

Appears in 1 contract

Samples: Restricted Stock Agreement (Charming Shoppes Inc)