Common use of Voting and Dividends Clause in Contracts

Voting and Dividends. Subject to the restrictions contained in Section 3 hereof, the Grantee shall have all rights of a stockholder of the Company with respect to the Grantee’s Restricted Stock, including the right to vote the shares of the Grantee’s Restricted Stock and the right to receive any cash or stock dividends, including dividends of stock of a company other than the Company. Stock dividends issued with respect to the Grantee’s Restricted Stock shall be treated as additional shares of the Grantee’s Restricted Stock (even if they are shares of a company other than the Company) that are subject to the same restrictions and other terms and conditions that apply to the shares with respect to which such dividends are issued. If a dividend is paid in other property, the Grantee will be credited with the amount of property which would have been received had the Grantee owned a number of shares of common stock equal to the number of shares of Restricted Stock credited to his/her account. The property so credited will be subject to the same restrictions and other terms and conditions applicable to the Restricted Stock under this Agreement and will be disbursed to the Grantee in kind simultaneously with the Restricted Stock to which such property relates.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Allegiant Travel CO), Restricted Stock Agreement (Allegiant Travel CO), Restricted Stock Agreement (Allegiant Travel CO)

AutoNDA by SimpleDocs

Voting and Dividends. Subject to the restrictions contained in Section 3 2 hereof, the Grantee shall have all rights of a stockholder of the Company with respect to the Grantee’s 's Restricted Stock, including the right to vote the shares of the Grantee’s 's Restricted Stock and the right to receive any cash or stock dividends, including dividends of stock of a company other than the Company. Stock dividends issued with respect to the Grantee’s 's Restricted Stock shall be treated as additional shares of the Grantee’s 's Restricted Stock (even if they are shares of a company other than the Company) that are subject to the same restrictions and other terms and conditions that apply to the shares with respect to which such dividends are issued. If a dividend is paid in other property, the Grantee will be credited with the amount of property which would have been received had the Grantee owned a number of shares of common stock equal to the number of shares of Restricted Stock credited to his/his or her account. The property so credited will be subject to the same restrictions and other terms and conditions applicable to the Restricted Stock under this Agreement and will be disbursed to the Grantee in kind simultaneously with the Restricted Stock to which such property relates.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allegiant Travel CO)

Voting and Dividends. Subject to the restrictions contained in Section 3 2 hereof, the Grantee shall have all rights of a stockholder of the Company with respect to the Grantee’s Restricted Stock, including the right to vote the shares of the Grantee’s Restricted Stock and the right to receive any cash or stock dividends, including dividends of stock of a company other than the Company. Stock dividends issued with respect to the Grantee’s Restricted Stock shall be treated as additional shares of the Grantee’s Restricted Stock (even if they are shares of a company other than the Company) that are subject to the same restrictions and other terms and conditions that apply to the shares with respect to which such dividends are issued. If a dividend is paid in other property, the Grantee will be credited with the amount of property which would have been received had the Grantee owned a number of shares of common stock equal to the number of shares of Restricted Stock credited to his/her account. The property so credited will be subject to the same restrictions and other terms and conditions applicable to the Restricted Stock under this Agreement and will be disbursed to the Grantee in kind simultaneously with the Restricted Stock to which such property relates.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allegiant Travel CO)

Voting and Dividends. Subject to the restrictions contained in Section 3 2 hereof, the each Grantee shall have all rights of a stockholder of the Company with respect to the such Grantee’s Restricted Stock, including the right to vote the shares of the such Grantee’s Restricted Stock and the right to receive any cash or stock dividends, including dividends of stock of a company other than the Company. Stock dividends issued with respect to the a Grantee’s Restricted Stock shall be treated as additional shares of the such Grantee’s Restricted Stock (even if they are shares of a company other than the Company) that are subject to the same restrictions and other terms and conditions that apply to the shares with respect to which such dividends are issued. If a dividend is paid in other property, the each Grantee will be credited with the amount of property which would have been received had the such Grantee owned a number of shares of common stock equal to the number of shares of Restricted Stock credited to his/her his account. The property so credited will be subject to the same restrictions and other terms and conditions applicable to the Restricted Stock under this Agreement and will be disbursed to the each Grantee in kind simultaneously with the Restricted Stock to which such property relates.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Allegiant Travel CO)

AutoNDA by SimpleDocs

Voting and Dividends. Subject to the restrictions contained in Section 3 2 hereof, the Grantee shall have all rights of a stockholder of the Company with respect to the Grantee’s 's Restricted Stock, including the right to vote the shares of the Grantee’s 's Restricted Stock and the right to receive any cash or stock dividends, including dividends of stock of a company other than the Company. Stock dividends issued with respect to the Grantee’s 's Restricted Stock shall be treated as additional shares of the Grantee’s 's Restricted Stock (even if they are shares of a company other than the Company) that are subject to the same restrictions and other terms and conditions that apply to the shares with respect to which such dividends are issued. If a dividend is paid in other property, the Grantee will be credited with the amount of property which would have been received had the Grantee owned a number of shares of common stock equal to the number of shares of Restricted Stock credited to his/her his account. The property so credited will be subject to the same restrictions and other terms and conditions applicable to the Restricted Stock under this Agreement and will be disbursed to the Grantee in kind simultaneously with the Restricted Stock to which such property relates.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allegiant Travel CO)

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