Common use of Rights as a Stockholder; Dividend Equivalents Clause in Contracts

Rights as a Stockholder; Dividend Equivalents. Except as specifically provided by this Agreement, the receipt of an Award will not give a Participant rights as a stockholder; the Participant will obtain such rights, subject to any limitations imposed by this Agreement or the instrument evidencing the Award, upon actual receipt of Stock. However, the Committee may, on such conditions as it deems appropriate, provide that a Participant will receive a benefit in lieu of cash dividends that would have been payable on any or all Stock subject to the Participant's Award had such Stock been outstanding. Without limitation, the Committee may provide for payment to the Participant of amounts representing such dividends, either currently or in the future, or for the investment of such amounts on behalf of the Participant.

Appears in 4 contracts

Samples: Ben & Jerrys Homemade Inc, Ben & Jerrys Homemade Inc, Ben & Jerrys Homemade Inc

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Rights as a Stockholder; Dividend Equivalents. Except as specifically provided by this AgreementContract, the receipt of an Award the Option will not give a Participant rights as a stockholder; the Participant participant will obtain such rights, subject to any limitations imposed by this Agreement the Plan or the instrument evidencing the AwardOption, upon actual receipt of Stock. However, the Committee may, on such conditions as it deems appropriate, provide that a Participant will receive a benefit in lieu of cash dividends that would have been payable on any or all Stock subject to the Participant's Award Option had such Stock been outstanding. Without limitation, the Committee may provide for payment to the Participant of amounts representing such dividends, either currently or in the future, or for the investment of such amounts on behalf of the Participant.

Appears in 2 contracts

Samples: Ben & Jerrys Homemade Inc, Ben & Jerrys Homemade Inc

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