Common use of Voting; Dividends Clause in Contracts

Voting; Dividends. Participant shall have no rights as a stockholder (including no rights to vote or receive dividends or distributions) with respect to any Awarded TVPSUs until Participant becomes a stockholder upon the settlement of such Awarded TVPSUs in accordance with the terms and conditions of this Agreement and the Plan. Notwithstanding the foregoing, Participant will be entitled to receive dividend equivalents with respect to the Awarded TVPSUs as provided in this Section 6. Upon an ordinary cash dividend on the shares of common stock of the Company the record date of which is prior to the settlement or forfeiture of any Awarded TVPSUs, the Company shall allocate for Participant an amount equal to the amount of such ordinary cash dividend multiplied by the number of Awarded TVPSUs, and the Company shall pay immediately to Participant any such amounts upon the vesting and settlement of the corresponding Awarded TVPSUs; provided that any rights to receive such amounts shall be forfeited upon the forfeiture of the corresponding Awarded TVPSUs.

Appears in 2 contracts

Samples: Annual Equity Grant Time Vesting Performance Share Unit Award Agreement (Century Aluminum Co), Annual Retainer Fee Payment Time Vesting Performance Share Unit Award Agreement (Century Aluminum Co)

AutoNDA by SimpleDocs

Voting; Dividends. Participant shall have no rights as a stockholder (including no rights to vote or receive dividends or distributions) with respect to any Awarded Participant TVPSUs until Participant becomes a stockholder upon the settlement of such Awarded Participant TVPSUs in accordance with the terms and conditions of this Agreement and the Plan. Notwithstanding the foregoing, Participant will be entitled to receive dividend equivalents with respect to the Awarded Participant TVPSUs as provided in this Section 6. Upon an ordinary cash dividend on the shares of common stock of the Company the record date of which is prior to the settlement or forfeiture of any Awarded Participant TVPSUs, the Company shall allocate for Participant an amount equal to the amount of such ordinary cash dividend multiplied by the number of Awarded Participant TVPSUs, and the Company shall pay immediately to Participant any such amounts upon the vesting and settlement of the corresponding Awarded Participant TVPSUs; provided that any rights to receive such amounts shall be forfeited upon the forfeiture of the corresponding Awarded Participant TVPSUs.

Appears in 1 contract

Samples: Annual Equity Grant Time Vesting Performance Share Unit Award Agreement (Century Aluminum Co)

Voting; Dividends. Participant shall have no rights as a stockholder (including no rights to vote or receive dividends or distributions) with respect to any Awarded TVPSUs TVSUs until Participant becomes a stockholder upon the settlement of such Awarded TVPSUs TVSUs in accordance with the terms and conditions of this Agreement and the Plan. Notwithstanding the foregoing, Participant will be entitled to receive dividend equivalents with respect to the Awarded TVPSUs TVSUs as provided in this Section 67. Upon an ordinary cash dividend on the shares of common stock of the Company the record date of which is prior to the settlement or forfeiture of any Awarded TVPSUsTVSUs, the Company shall allocate for Participant an amount equal to the amount of such ordinary cash dividend multiplied by the number of Awarded TVPSUsTVSUs, and the Company shall pay immediately to Participant any such amounts upon the vesting and settlement of the corresponding Awarded TVPSUs; TVSUs; provided that any rights to receive such amounts shall be forfeited upon the forfeiture of the corresponding Awarded TVPSUsTVSUs.

Appears in 1 contract

Samples: Independent Non Employee Director Annual Retainer Fee Payment Time Vesting Share Unit Award Agreement (Century Aluminum Co)

Voting; Dividends. Participant shall have no rights as a stockholder (including no rights to vote or receive dividends or distributions) with respect to any Awarded TVPSUs TVSUs until Participant becomes a stockholder upon the settlement of such Awarded TVPSUs TVSUs in accordance with the terms and conditions of this Agreement and the Plan. Notwithstanding the foregoing, Participant will be entitled to receive dividend equivalents with respect to the Awarded TVPSUs TVSUs as provided in this Section 67. Upon an ordinary cash dividend on the shares of common stock of the Company the record date of which is prior to the settlement or forfeiture of any Awarded TVPSUsTVSUs, the Company shall allocate for Participant an amount equal to the amount of such ordinary cash dividend multiplied by the number of Awarded TVPSUsTVSUs, and the Company shall pay immediately to Participant any such CHICAGO/#3311329.3 amounts upon the vesting and settlement of the corresponding Awarded TVPSUs; TVSUs; provided that any rights to receive such amounts shall be forfeited upon the forfeiture of the corresponding Awarded TVPSUsTVSUs.

Appears in 1 contract

Samples: Annual Equity Grant Time Vesting Share Unit Award Agreement (Century Aluminum Co)

AutoNDA by SimpleDocs

Voting; Dividends. Participant shall have no rights as a stockholder (including no rights to vote or receive dividends or distributions) with respect to any Awarded Participant TVPSUs until Participant becomes a stockholder of the Company upon the settlement of such Awarded Participant TVPSUs in accordance with the terms and conditions provisions of this Agreement and the Plan. Notwithstanding the foregoing, Participant will be entitled to receive dividend equivalents with respect to the Awarded Participant TVPSUs as provided in this Section 6. Upon an ordinary cash dividend on the shares of common stock of the Company Company, the record date of which is prior to the settlement or forfeiture of any Awarded Participant TVPSUs, the Company shall allocate for Participant an amount equal to the amount of such ordinary cash dividend multiplied by the number of Awarded such Participant TVPSUs, and the Company shall pay immediately to Participant any such amounts upon the vesting and settlement of the corresponding Awarded Participant TVPSUs; provided that any rights to receive such amounts shall be forfeited upon the any forfeiture of the corresponding Awarded Participant TVPSUs.

Appears in 1 contract

Samples: Time Vesting Performance Share Unit Award Agreement (Century Aluminum Co)

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