Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your RSUs unless and until your RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do (a) The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. .
(b) Upon and following the settlement of your the RSUs, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).
(c) unless and until you sell or otherwise dispose of Until such shares. If, prior to an unvested RSU’s settlement datetime as the RSUs vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be credited to the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Grantee’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 18 below. To the extent vested, Dividend Equivalents credited to your account a Grantee’s Account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value fair market value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Shyft Group, Inc.), Restricted Stock Unit Agreement (Shyft Group, Inc.), Restricted Stock Unit Agreement (Shyft Group, Inc.)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your 2024 RSUs unless and until your 2024 RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your 2024 RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your 2024 RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested 2024 RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested 2024 RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested 2024 RSUs to which they are attributable and shall be paid on the same date that the unvested 2024 RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your 2022 RSUs unless and until your 2022 RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your 2022 RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your RSUs 0000 XXXx and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested RSU0000 XXX’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested RSU 0000 XXX (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs 0000 XXXx to which they are attributable and shall be paid on the same date that the unvested RSUs 0000 XXXx to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do 5.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. .
5.2 Upon and following the settlement of your the RSUs, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
5.3 Until such shares. If, prior to an unvested RSU’s settlement datetime as the RSUs vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Restricted Stock Unit granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be withheld by the Company for the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any6 hereof.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (WESTMORELAND COAL Co), Restricted Stock Unit Agreement (WESTMORELAND COAL Co)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your Sign-On RSUs unless and until your Sign-On RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your Sign-On RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your Sign-On RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested Sign-On RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested Sign-On RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested Sign-On RSUs to which they are attributable and shall be paid on the same date that the unvested Sign-On RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do (a) The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. .
(b) Upon and following the settlement of your the RSUs, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).
(c) unless and until you sell or otherwise dispose of Until such shares. If, prior to an unvested RSU’s settlement datetime as the RSUs vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be credited to the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Grantee’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 18 below. To the extent vested, Dividend Equivalents credited to your account a Grantee’s Account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Shyft Group, Inc.), Restricted Stock Unit Agreement (Spartan Motors Inc)
Rights as Shareholder; Dividend Equivalents. You do 9.1 Except as otherwise provided herein, the Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs unless and until your RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your RSUsPSUs, you will be the record owner of the shares of Common Stock issued in settlement of your RSUs and you will be entitled to all rights of a shareholder of the Company (including including, but not limited to, voting rights) unless and until you sell or otherwise dispose of such shares. .
9.2 If, prior to an unvested RSU’s the settlement date, the Company declares a cash dividend on the shares of Common Stock, then, on the Company will credit an account payment date of the dividend, the Grantee shall be credited with Dividend Equivalents in an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock the Grantee for each PSU granted to the Grantee as set forth in this Agreement. Dividend Equivalents shall be withheld by the Company for the Grantee and interest may be credited on the Grant Date for each unvested RSU (“Dividend Equivalents”)Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs PSUs to which they are attributable and shall be paid on the same date and to the extent that the unvested RSUs PSUs to which they are attributable are settled in accordance with Section 16 hereof. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
9.3 Upon and following the vesting of the PSUs and the issuance of shares, the Grantee shall be the record owner of the shares of Common Stock underlying the PSUs unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting and dividend rights).
Appears in 2 contracts
Samples: Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (HomeStreet, Inc.)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your 2023 RSUs unless and until your 2023 RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your 2023 RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your 2023 RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested 2023 RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested 2023 RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested 2023 RSUs to which they are attributable and shall be paid on the same date that the unvested 2023 RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.), Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do 5.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs the Restricted Stock Units unless and until your RSUs the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock. .
5.2 Upon and following the settlement of your RSUsthe Restricted Stock Units, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your RSUs underlying the Restricted Stock Units unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
5.3 Until such shares. If, prior to an unvested RSU’s settlement datetime as the Restricted Stock Units vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Dividend Equivalents”)Restricted Stock Unit granted to the Grantee as set forth in this Agreement. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs Restricted Stock Units to which they are attributable and shall be paid on the same date that the unvested RSUs Restricted Stock Units to which they are attributable are settled in accordance with Section 16 hereof. To the extent vested, Dividend Equivalents credited to your account a Grantee’s Account shall be distributed in cash or, at the discretion of the CommitteeBoard, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Polarityte, Inc.), Restricted Stock Unit Agreement (Polarityte, Inc.)
Rights as Shareholder; Dividend Equivalents. You do 7.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs the Restricted Stock Units unless and until your RSUs the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock. .
7.2 Upon and following the settlement of your RSUsthe Restricted Stock Units, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your RSUs underlying the Restricted Stock Units unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
7.3 Until such shares. If, prior to an unvested RSU’s settlement datetime as the Restricted Stock Units vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Restricted Stock Unit granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be withheld by the Company for the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs Restricted Stock Units to which they are attributable and shall be paid on the same date that the unvested RSUs Restricted Stock Units to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any8 hereof.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (WESTMORELAND COAL Co), Restricted Stock Unit Agreement (WESTMORELAND COAL Co)
Rights as Shareholder; Dividend Equivalents. You do 7.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. The Grantee shall not have any rights of a shareholder with respect to Cash Units at any time.
7.2 Upon and following the settlement of your the RSUs, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
7.3 Until such shares. If, prior to an unvested RSU’s settlement datetime as the RSUs vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be withheld by the Company for the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs RSU to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any8 hereof.
Appears in 1 contract
Samples: Performance Vested Award Agreement (WESTMORELAND COAL Co)
Rights as Shareholder; Dividend Equivalents. You do (a) The Consultant shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. .
(b) Upon and following the settlement of your the RSUs, you will the Consultant shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).
(c) unless and until you sell Until such time as the RSUs vest (or otherwise dispose of such shares. If, prior to an unvested RSU’s settlement dateare forfeited), the Company declares a dividend on the shares of Common Stock, the Company will credit an account Consultant’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Consultant if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“granted to the Consultant as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be credited to the Consultant’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Consultant’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 18 below. To the extent vested, Dividend Equivalents credited to your account a Consultant’s Account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value fair market value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Shyft Group, Inc.)
Rights as Shareholder; Dividend Equivalents. You do (a) The Director shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your the RSUs unless and until your the RSUs vest and are settled by the issuance of such shares of Common Stock. .
(b) Upon and following the settlement of your the RSUs, you will the Director shall be the record owner of the shares of Common Stock issued in settlement of your underlying the RSUs unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).
(c) unless and until you sell or otherwise dispose of Until such shares. If, prior to an unvested RSU’s settlement datetime as the RSUs vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Director’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Director if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“granted to the Director as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be credited to the Director’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Director’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs to which they are attributable and shall be paid on the same date that the unvested RSUs to which they are attributable are settled in accordance with Section 18 below. To the extent vested, Dividend Equivalents credited to your account a Director’s Account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value fair market value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Shyft Group, Inc.)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your 2023 RSUs unless and until your 2023 RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your 2023 RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your 2023 RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested 2023 RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested 2023 RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested 2023 RSUs to which they are attributable and shall be paid on the same date that the unvested 2023 RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any. For clarity and avoidance of doubt, any Dividend Equivalents paid in shares will be credited as shares and deemed reinvested in the Company’s stock.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do (a) Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs the Restricted Stock Units unless and until your RSUs the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock. Stock pursuant to Section 5(a).
(b) Upon and following the settlement of your RSUsthe Restricted Stock Units by the issuance of shares of Common Stock pursuant to Section 5(a), you will Grantee shall be the record owner of the shares of Common Stock issued in settlement of your RSUs underlying the Restricted Stock Units unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).
(c) unless and until you sell or otherwise dispose of Until such shares. Iftime as the Restricted Stock Units vest, prior to an unvested RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee's Account shall be credited with an amount equal to the all cash and stock dividends ("Dividend Equivalents") that would have been paid to you had you been issued Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Dividend Equivalents”)Restricted Stock Unit granted to Grantee as set forth in this Agreement. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs Restricted Stock Units to which they are attributable and shall be paid on the same date that the unvested RSUs Restricted Stock Units to which they are attributable are settled in accordance with Section 15. To the extent vested, Dividend Equivalents credited to your account Grantee's Account shall be distributed in cash or, at the discretion of the CommitteeCompany, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 1 contract
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your Outperformance RSUs unless and until your Outperformance RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your Outperformance RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your Outperformance RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested Outperformance RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested Outperformance RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested Outperformance RSUs to which they are attributable and shall be paid on the same date that the unvested Outperformance RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if anyany For clarity and avoidance of doubt, any Dividend Equivalents paid in shares will be credited as shares and deemed reinvested in the Company’s stock.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your Founder RSUs unless and until your Founder RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your Founder RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your Founder RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested Founder RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested Founder RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested Founder RSUs to which they are attributable and shall be paid on the same date that the unvested Founder RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do 5.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs the Restricted Stock Units unless and until your RSUs the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock. .
5.2 Upon and following the settlement of your RSUsthe Restricted Stock Units, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your RSUs underlying the Restricted Stock Units unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
5.3 Until such shares. If, prior to an unvested RSU’s settlement datetime as the Restricted Stock Units vest, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Grantee’s Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Restricted Stock Unit granted to the Grantee as set forth in this Agreement. Dividend Equivalents”)Equivalents shall be withheld by the Company for the Grantee’s Account and interest may be credited on the amount of cash Dividend Equivalents withheld at a rate and subject to such terms as determined by the Committee. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs Restricted Stock Units to which they are attributable and shall be paid on the same date that the unvested RSUs Restricted Stock Units to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if anySection 6 hereof.
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Samples: Restricted Stock Unit Agreement (WESTMORELAND COAL Co)
Rights as Shareholder; Dividend Equivalents. You do not have any rights as a shareholder with respect to the shares of Common Stock underlying your Outperformance RSUs unless and until your Outperformance RSUs vest and are settled by the issuance of shares of Common Stock. Upon and following the settlement of your Outperformance RSUs, you will be the record owner of the shares of Common Stock issued in settlement of your Outperformance RSUs and you will be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of such shares. If, prior to an unvested Outperformance RSU’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account with an amount equal to the dividends that would have been paid to you had you been issued one share of Common Stock on the Grant Date for each unvested Outperformance RSU (“Dividend Equivalents”). Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested Outperformance RSUs to which they are attributable and shall be paid on the same date that the unvested Outperformance RSUs to which they are attributable are settled in accordance with Section 1. To the extent vested, Dividend Equivalents credited to your account shall be distributed in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend Equivalents, if any.
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Samples: Restricted Stock Unit Agreement (Benson Hill, Inc.)
Rights as Shareholder; Dividend Equivalents. You do 5.1 The Grantee shall not have any rights as of a shareholder with respect to the shares of Common Stock underlying your RSUs the Restricted Stock Units unless and until your RSUs the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock. .
5.2 Upon and following the settlement of your RSUsthe Restricted Stock Units, you will the Grantee shall be the record owner of the shares of Common Stock issued in settlement of your RSUs underlying the Restricted Stock Units unless and you will until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights) unless and until you sell or otherwise dispose of ).
5.3 Until such shares. If, prior to an unvested RSUtime as the Restricted Stock Units vest; the Grantee’s settlement date, the Company declares a dividend on the shares of Common Stock, the Company will credit an account Account shall be credited with an amount equal to the all cash and stock dividends (“Dividend Equivalents”) that would have been paid to you had you been issued the Grantee if one share of Common Stock had been issued on the Grant Date for each unvested RSU (“Dividend Equivalents”)Restricted Stock Unit granted to the Grantee as set forth in this Agreement. Dividend Equivalents shall be subject to the same vesting and forfeiture restrictions as the unvested RSUs Restricted Stock Units to which they are attributable and shall be paid on the same date that the unvested RSUs Restricted Stock Units to which they are attributable are settled in accordance with Section 16 hereof. To the extent vested, Dividend Equivalents credited to your account a Grantee’s Account shall be distributed in cash or, at the discretion of the CommitteeBoard, in shares of Common Stock having a Fair Market Value equal to the amount of the Dividend EquivalentsEquivalents and interest, if any.
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