Common use of Payments and Allocations upon Distributions Clause in Contracts

Payments and Allocations upon Distributions. If on any date while Restricted Share Units are outstanding hereunder, the Company shall make any distribution or pay any dividend to holders of Shares, TWW shall cause the Company to allocate to a notional account for Executive (the “Notional Account”) an amount, in respect of each Unvested Restricted Share Unit, equal to the amount that would have been payable in respect of the Shares underlying such Unvested Restricted Share Unit if it were issued and outstanding on the date of such dividend or distribution.

Payments and Allocations upon Distributions. If on any date while Restricted Share Units are outstanding hereunder, the any Company Entity shall make any distribution or pay any dividend to holders of Shares, TWW shall cause the applicable Company Entity to allocate to a notional account for Executive (the “Notional Account”) an amount, in respect of each Unvested Restricted Share Unit, equal to the amount that would have been payable in respect of the Shares underlying such Unvested Restricted Share Unit if it were issued and outstanding on the date of such dividend or distribution.