Common use of RIGHTS TO RECEIVE DIVIDEND PAYMENTS Clause in Contracts

RIGHTS TO RECEIVE DIVIDEND PAYMENTS. Cash dividends, stock, and any other property (other than cash) distributed as a dividend or otherwise with respect to any Performance Share shall be accumulated, and shall be subject to restrictions and risk of forfeiture to the same extent as otherwise set forth in this Agreement. The combined value of any such distributions shall be paid to you at the time such restrictions and risk of forfeiture lapse.

Appears in 8 contracts

Samples: Performance Share Award Agreement, Performance Share Award Agreement (Quanex Building Products CORP), Performance Share Award Agreement (Quanex Building Products CORP)

AutoNDA by SimpleDocs

RIGHTS TO RECEIVE DIVIDEND PAYMENTS. Cash dividends, stock, and any other property (other than cash) distributed as a dividend or otherwise with respect to any Performance Share Unit shall be accumulated, and shall be subject to restrictions and risk of forfeiture to the same extent as otherwise set forth in this Agreement. The combined value of any such distributions shall be paid to you at the time such restrictions and risk of forfeiture lapse.

Appears in 6 contracts

Samples: Performance Unit Award Agreement (Quanex Building Products CORP), Performance Unit Award Agreement (Quanex Building Products CORP), Performance Unit Award Agreement (Quanex Building Products CORP)

AutoNDA by SimpleDocs

RIGHTS TO RECEIVE DIVIDEND PAYMENTS. Cash dividends, stock, and any other property (other than cash) distributed as a dividend or otherwise with respect to any Performance Share PRSU shall be accumulated, and shall be subject to restrictions and risk of forfeiture to the same extent as otherwise set forth in this Agreement. The combined value of any such distributions shall be paid to you at the time such restrictions and risk of forfeiture lapse.

Appears in 2 contracts

Samples: Performance Restricted Stock Units Award Agreement (Quanex Building Products CORP), Performance Restricted Stock Units Award Agreement (Quanex Building Products CORP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!