Common use of Stockholder Rights; Dividend Equivalents Clause in Contracts

Stockholder Rights; Dividend Equivalents. The Performance Units do not confer on you any rights of a stockholder of the Company unless and until shares of Common Stock are in fact issued to you in connection with the vested Performance Units. However, cash dividends or other cash distributions, if any, shall be paid with respect to the number of shares of Common Stock that ultimately vest under this Agreement as if such shares of Common Stock had been outstanding during the entire period from the Grant Date to the Vesting Date. Any such cash dividends or other cash distributions shall vest and be paid in cash if and at such times the underlying Performance Units vested.

Appears in 4 contracts

Samples: Omnibus Incentive Plan Of (Dril-Quip Inc), 2017 Omnibus Incentive Plan Of (Dril-Quip Inc), 2017 Omnibus Incentive Plan Of (Dril-Quip Inc)

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Stockholder Rights; Dividend Equivalents. The Performance Units do not confer on you any rights of a stockholder of the Company unless and until shares of Common Stock are in fact issued to you in connection with the vested Performance Units. However, if and when cash dividends or other cash distributionsdistributions are paid or distributed with respect to the Common Stock while the Performance Units are outstanding, if any, shall be paid the dollar amount of such dividends or distributions with respect to the number of shares of Common Stock that ultimately vest under this Agreement as if such shares of Common Stock had been outstanding during then underlying the entire period from the Grant Date to the Vesting DatePerformance Units shall be reflected in your account. Any such cash dividends or other cash distributions shall vest and be paid in cash if and at such times the underlying Performance Units vestedare vested and paid.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (GenOn Energy, Inc.), Performance Unit Award Agreement (GenOn Energy, Inc.), Award Agreement (GenOn Energy, Inc.)

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Stockholder Rights; Dividend Equivalents. The Performance Units do not confer on you any rights of a stockholder of the Company unless and until shares of Common Stock are in fact issued to you in connection with the vested Performance Units. However, if and when cash dividends or other cash distributionsdistributions are paid or distributed with respect to the Common Stock while the Performance Units are outstanding, if any, shall be paid the dollar amount of such dividends or distributions with respect to the number of shares of Common Stock that ultimately vest under this Agreement as if such shares of Common Stock had been outstanding during then underlying the entire period from the Grant Date to the Vesting DatePerformance Units shall be reflected in your account. Any such cash dividends or other cash distributions shall vest and be paid in cash if and at such times the underlying Performance Units vested.

Appears in 2 contracts

Samples: 2013 Performance Unit Award Agreement (Dril-Quip Inc), 2012 Performance Unit Award Agreement (Dril-Quip Inc)

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