Reinvestment of Dividends. As a condition to receiving the Shares under the Plan, Participant hereby elects to defer the receipt of dividends paid on the Shares. Participant agrees that all cash dividends otherwise payable on and with respect to the Shares shall be reinvested in additional shares of restricted Common Stock at the Fair Market Value of such shares (“Additional Shares”). A report showing the number of Additional Shares so purchased with reinvested dividends shall be sent to Participant within 30 days following the applicable dividend payment date. The Additional Shares so purchased shall be subject to the same terms and conditions as the Shares granted pursuant to this Agreement and the Additional Shares shall be forfeited in the event that the Shares with respect to which the reinvested dividends were paid are forfeited.
Reinvestment of Dividends. The Directors may, from time to time, grant to members or any class of members, or to the holders of any convertible notes, debentures or unsecured notes of the Company, the right, upon such terms and conditions as the Directors may determine, to elect to reinvest all or part of the dividends, interest or any other moneys (as the case may be) paid by the Company in respect of any such holdings in subscribing for shares of the same or, at the Directors’ discretion, a different class in the capital of the Company or in subscribing for convertible notes, debentures, unsecured notes or any other securities issued or to be issued by the Company and, for any such purposes, may implement and maintain, on such terms and conditions as they may determine from time to time, any scheme or plan for such reinvestment and may, at their absolute discretion, modify or terminate any such scheme or plan by not less than one (1) month’s notice in writing to all members and holders of any convertible notes, debentures or unsecured notes issued by the Company, as the case may be eligible to participate in such scheme or plan. CAPITALISATION OF PROFITS
Reinvestment of Dividends. Fortis Benefits hereby elects to reinvest all dividends and capital gains distributions in additional shares of the corresponding Portfolio at the record-date net asset values until Fortis Benefits otherwise notifies the Fund in writing.
Reinvestment of Dividends. The Custodian shall reinvest all dividends and capital gain distributions received on the Fund Shares held by it as Custodian for each Planholder, after deduction therefrom the applicable fees set forth in the attached Schedules and/or specified in the Prospectus, and any applicable taxes required by law or elected by a Planholder to be withheld, in accordance with the terms of the Prospectus, in Fund Shares on the dividend payment date, at the net asset value, determined on that date, as provided in Section II(C)(1) below, unless the Planholder has instructed the Custodian, in writing, at least seven days prior to the record date, to pay the dividends or distributions in cash directly to the Planholder.
Reinvestment of Dividends. 12.1 If the Directors have so determined all dividends payable in respect of Plan Shares shall be paid by the Company directly to the Trustees. The Trustees shall, within 30 days of their receipt of such dividends, use them to acquire further Shares for appropriation to Participants as Dividend Shares. In exercising their powers to acquire Dividend Shares the Trustees must treat Participants fairly and equally.
Reinvestment of Dividends. The Custodian shall reinvest all dividends and capital gain distributions on the Fund Shares held by it as Custodian for each Planholder, after deduction therefrom the applicable fees set forth in the attached schedule, and/or specified in the Prospectus, and any applicable taxes required by law to be withheld, in accordance with the terms of the Prospectus, in Fund Shares on the dividend payment date, at the net asset value, determined on that date, as provided in paragraph II(C)(1) below, unless the Planholder has instructed the Custodian, in writing, at least seven days prior to the record date, to pay to him the dividends or distributions in cash. The Custodian agrees that such instructions may be made applicable to any single dividend or distribution, or to all subsequent dividends or distributions, and may be cancelled at any time. Any distribution in the form of additional Fund shares shall be credited to the Planholder's account, and any distributions other than in cash or in Fund shares shall be sold by the Custodian at such prices as it may be able to realize therefor and the net proceeds applied to the purchase of additional Fund shares for the Planholder's account. Authorized deductions and charges shall be applied to the above transactions. In the event that any dividends or distributions shall be payable at the option of the Custodian or its nominee in either cash or stock or other property, the Custodian shall elect, as to all Fund shares held by it or its nominee, to receive such dividends or distributions in Fund shares unless otherwise instructed by the Sponsor.
Reinvestment of Dividends. 7.2.1 The Company may decide to:
Reinvestment of Dividends. All cash dividends received on Purchased Shares shall be reinvested in Shares on the Share Purchase Date following the dividend payment date (the "REINVESTMENT DATE"). The Administrator will apply all cash dividends received by the Administrator on Purchased Shares of a Participant to purchase on behalf of the Participant on the open market in accordance with section 2.4.5 as many Shares at the Purchase Price as can be purchased using the cash dividends received. All other distributions to holders of Shares including, without limitation, all other securities, property or rights, will be distributed to a Participant in such a manner as the Plan Managers, in their sole discretion, deem appropriate.
Reinvestment of Dividends. Any cash dividends credited to a Participant’s Cash Dividends Reinvestment Account shall be invested in additional shares of Company Stock, as soon as administratively practicable after such dividends are received by the Trustee. Thereafter, the Participant may direct that any or all of such Account be invested in any or all of the Investment Funds, in accordance with the provisions of Section 7.
Reinvestment of Dividends. Dividends received for the securities positions held within my Account may be reinvested based on the direction of TRP Advisory Services.
