Common use of Payment of Earned Dividend Equivalents Clause in Contracts

Payment of Earned Dividend Equivalents. The Participant will be entitled to receive from Sunoco, within two and one-half (2-1/2) months after the Performance Period, payment of an amount in cash equal to the Dividend Equivalents earned as determined in accordance with the provisions of Exhibit . Applicable federal, state and local taxes shall be withheld in accordance with Section 2.6 hereof.

Appears in 6 contracts

Samples: Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc)

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Payment of Earned Dividend Equivalents. The Participant will be entitled to receive from Sunoco, within two and one-half (2-2- 1/2) months after the Performance Period, payment of an amount in cash equal to the Dividend Equivalents earned as determined in accordance with the provisions of Exhibit . Applicable federal, state and local taxes shall be withheld in accordance with Section 2.6 hereof.

Appears in 2 contracts

Samples: Common Stock Unit Agreement (Sunoco Inc), Common Stock Unit Agreement (Sunoco Inc)

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