Common use of Restricted Stock Dividends Clause in Contracts

Restricted Stock Dividends. Notwithstanding anything to the contrary in any agreement relating to awards of restricted Stock, any dividends relating to shares of restricted Stock that are subject to vesting requirements shall be paid by the 15th day of the third month following the date that the right to such dividends vests.

Restricted Stock Dividends. Notwithstanding anything to the contrary in any agreement relating to awards of restricted Stockstock, any dividends relating to shares of restricted Stock stock that are subject to vesting requirements shall be paid by the 15th fifteenth (15th) day of the third (3rd) month following the date that the right to such dividends vests.