Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxes. (b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stock, whether regular or extraordinary, be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the phantom dividend equivalents credited to those Shares in the book account shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with the issuance of the vested Shares to which those phantom dividend equivalents relate. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes applicable to that distribution.
Appears in 8 contracts
Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Immunomedics Inc), Performance Based Restricted Stock Unit Issuance Agreement (Immunomedics Inc)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting voting, dividend or dividend liquidation rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following upon their actual issuance upon following the Corporation’s collection of the applicable Withholding Taxes.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stock, whether regular or extraordinary, Stock be declared and paid on the Corporation’s outstanding Common Stock while at a time when one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the The phantom dividend equivalents so credited to those Shares in the Participant’s book account for each calendar quarter this Award remains outstanding in whole or in part shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with on the issuance last business day of the vested Shares to which those phantom dividend equivalents relatethat calendar quarter. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes applicable to that distribution.
Appears in 6 contracts
Samples: Time Based Restricted Stock Unit Award Agreement (Matson, Inc.), Time Based Restricted Stock Unit Award Agreement (Matson, Inc.), Time Based Restricted Stock Unit Award Agreement (Matson, Inc.)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting voting, dividend or dividend liquidation rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxes.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stock, whether regular or extraordinary, Stock be declared and paid on the Corporation’s outstanding Common Stock while in one or more calendar years during which Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the The phantom dividend equivalents so credited to those Shares in the Participant’s book account for each calendar quarter this Award remains outstanding in whole or in part shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with on the issuance last business day of the vested Shares to which those phantom dividend equivalents relatethat calendar quarter. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes applicable to that distribution.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Alexander & Baldwin, Inc.), Time Based Restricted Stock Unit Award Agreement (A & B II, Inc.), Time Based Restricted Stock Unit Award Agreement (A & B II, Inc.)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares Restricted Stock Units subject to the this Award until the Participant becomes the record holder of those Shares the underlying shares of Common Stock following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxesissuance.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stockdistribution, whether regular or extraordinary, payable in cash or other property (other than shares of Common Stock) be declared and paid on the outstanding Common Stock while one or more Shares Restricted Stock Units remain subject to this Award (i.e., those Shares shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those Shares the underlying shares of Common Stock at the time subject to this Award had they been issued and outstanding and entitled to that dividend or distribution. As and to the Shares extent that the Restricted Stock Units subsequently vest hereunder, the phantom dividend equivalents so credited to those Shares Restricted Stock Units in the book account shall also vest, and those vested dividend equivalents shall be distributed to the Participant (in cash the same form the actual dividend or such other form as distribution was paid to the Plan Administrator may deem appropriate in its sole discretionholders of the Common Stock entitled to that dividend or distribution) concurrently with the issuance of the vested Shares Restricted Stock Units to which those phantom dividend equivalents relate. HoweverIn no event, each however, shall any such distribution shall be subject phantom dividend equivalents vest or become distributable unless the Restricted Stock Units to which they relate vest in accordance with the Corporation’s collection terms of the Withholding Taxes applicable to that distributionthis Agreement.
Appears in 2 contracts
Samples: Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.), Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the this Award until the Participant becomes the record holder of those Shares following upon their actual issuance upon the Corporation’s collection of the applicable Withholding Taxesissuance.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stockdistribution, whether regular or extraordinary, payable in cash or other property (other than shares of Common Stock) be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those the Shares at the time subject to this Award had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the phantom dividend equivalents so credited to those Shares in the book account shall also vest, and those vested dividend equivalents shall be distributed to the Participant (in cash the same form the actual dividend or distribution was paid to the holders of the Common Stock entitled to that dividend or distribution or in such other form as the Plan Administrator may deem deems appropriate in its sole discretion) concurrently with the issuance of the vested Shares to which those phantom dividend equivalents relate. However, each In no event shall any such distribution shall be subject phantom dividend equivalents vest or become distributable unless the Shares to which they relate vest in accordance with the Corporation’s collection terms of the Withholding Taxes applicable to that distributionthis Agreement.
Appears in 2 contracts
Samples: Restricted Stock Unit Issuance Agreement (GCT Semiconductor Inc), Restricted Stock Unit Issuance Agreement (GCT Semiconductor Inc)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding TaxesTax-Related Items withholding.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common StockShares, whether regular or extraordinary, be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to of the actual dividend or distribution which would have been paid on those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the phantom dividend equivalents credited to those Shares in the book account shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with the issuance of the vested Shares to which those phantom dividend equivalents relate. relate and such dividend equivalents shall be subject to the same vesting requirements as the Shares and to any special terms or conditions as set forth in Appendix B. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes Tax-Related Items withholding applicable to that distribution.
Appears in 2 contracts
Samples: Global Restricted Stock Unit Issuance Agreement, Global Restricted Stock Unit Issuance Agreement (Sandisk Corp)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting voting, dividend or dividend liquidation rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxesissuance.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Class A Common Stock, whether regular or extraordinary, be declared and paid on the Corporation’s outstanding Class A Common Stock while in one or more calendar years during which Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to the actual dividend or distribution which would have been paid on those the Shares had they such Shares been issued and outstanding and entitled to that dividend or distribution. As the Should those Shares subsequently vest hereunderin accordance with the provisions of this Agreement, then the phantom dividend equivalents credited to the Participant’s book account with respect to those Shares in the book account shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with the issuance of the those vested Shares to which those phantom dividend equivalents they relate. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes applicable to that distribution.
Appears in 1 contract
Samples: Non Employee Director Restricted Stock Unit Award Agreement (Apollo Group Inc)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding TaxesTax-Related Items withholding.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common StockShares, whether regular or extraordinary, be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent to of the actual dividend or distribution which would have been paid on those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the phantom dividend equivalents credited to those Shares in the book account shall be distributed to the Participant (in cash or such other form as the Plan Administrator may deem appropriate in its sole discretion) concurrently with the issuance of the vested Shares to which those phantom dividend equivalents relate. However, each relate and such distribution dividend equivalents shall be subject to the Corporation’s collection of same vesting requirements as the Withholding Taxes applicable to that distributionShares.
Appears in 1 contract
Samples: Restricted Stock Unit Issuance Agreement (Sandisk Corp)
Stockholder Rights and Dividend Equivalents. (a) The holder of this Award shall not have any stockholder rights, including voting voting, dividend or dividend liquidation rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxesissuance.
(b) Notwithstanding the foregoing, should any dividend or other distribution payable other than in shares of Common Stockdistribution, whether regular or extraordinaryextraordinary and whether payable in cash, securities or other property, be declared and paid on the outstanding Common Stock while one or more Shares remain subject to this Award (i.e., those Shares are not otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Participant and credited with a phantom dividend equivalent equal to the actual dividend or distribution which would have been paid on the Shares at the time subject to this Award had those Shares had they been issued and outstanding and entitled to that dividend or distribution. As the Shares subsequently vest hereunder, the The phantom dividend equivalents so credited shall vest at the same time as the Shares to those Shares in the book account which they relate and shall be distributed to the Participant (in cash the same form the actual dividend or such other form as distribution was paid to the Plan Administrator may deem appropriate in its sole discretionholders of the Common Stock entitled to that dividend or distribution) concurrently with the issuance of the those vested Shares to which those phantom dividend equivalents relate. However, each such distribution shall be subject to the Corporation’s collection of the Withholding Taxes applicable to that distributionShares.
Appears in 1 contract
Samples: Restricted Stock Unit Issuance Agreement (Ultratech Inc)