Common use of Voting; Dividends Clause in Contracts

Voting; Dividends. The Participant shall have the right to vote the Restricted Stock prior to vesting. Except as provided in Section 1.5(c)(iv) of the Plan, the Participant shall receive payment of dividends with respect to the Restricted Stock; provided, that dividends in respect of the portion of the Restricted Stock that has not vested on or prior to the date dividends are paid shall be accumulated, held back and paid to the Participant if and when such portion of the Restricted Stock becomes vested.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Eagle Bulk Shipping Inc.), Restricted Stock Award Agreement (Eagle Bulk Shipping Inc.), Restricted Stock Award Agreement (Eagle Bulk Shipping Inc.)

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Voting; Dividends. The Participant shall have the right to vote the Restricted Stock prior to vesting. Except as provided in Section 1.5(c)(iv) of the Plan, the Participant shall receive payment of dividends with respect to the Restricted Stock; provided, that dividends in respect of the portion of the Restricted Stock that has not vested on or prior to the date dividends are paid shall be accumulated, held back and ad paid to the Participant if and when such portion of the Restricted Stock becomes vested.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Eagle Bulk Shipping Inc.), Restricted Stock Award Agreement (Eagle Bulk Shipping Inc.)

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