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

Rights as Stockholder; Dividend Rights. Except as otherwise provided herein, upon the Grant Date, Holder shall have all the rights of a stockholder with respect to the shares of Common Stock, subject to the Restrictions herein, including the right to vote the shares of Common Stock and the right to receive any cash or stock dividends paid to or made with respect to the shares of Common Stock. Any dividends or distributions made with respect to the Award, or any portion of the Award, as to which the Restrictions have not yet lapsed shall be subject to the same Restrictions as the Award, and shall be held by the Company, without interest thereon, and not distributed to Holder, until such time, and to the extent that, the Award, or such portion of the Award, vests and the Restrictions thereon lapse in accordance with the vesting provisions applicable to the Award or such portion thereof.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (ReachLocal Inc), Restricted Stock Award Agreement (ReachLocal Inc), Restricted Stock Award Agreement (ReachLocal Inc)

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