Voting Rights and Dividend Equivalents. The Recipient shall have no rights as a shareholder with respect to the RSUs or the Common Stock underlying the RSUs until the Vesting Date for the relevant RSUs. The Recipient will not be entitled to receive a cash payment equal to any cash dividends paid with respect to the Common Stock underlying the RSUs awarded under this Agreement that are declared prior to the particular Vesting Date for the relevant RSUs.
Voting Rights and Dividend Equivalents. As a holder of RSUs, during the period from the Grant Date until the date the RSUs are paid, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional RSUs (“Dividend Equivalent RSUs”). The number of Dividend Equivalent RSUs will be determined as follows: multiply the number of RSUs and Dividend Equivalent RSUs currently held by the per share amount of the cash dividend or other cash distribution on Common Stock, then divide the result by the price of the Common Stock on the date of the dividend or distribution. These Dividend Equivalent RSUs will be subject to the same terms and conditions as the original RSUs that gave rise to them, including vesting and settlement terms, except that if there is a fractional number of Dividend Equivalent RSUs on the date the RSUs are paid, the Dividend Equivalent RSUs will be rounded up to the nearest whole number of RSUs. This Award represents an unfunded, unsecured right to receive payment in the future, and does not entitle you to voting rights or dividend rights as a shareholder.
Voting Rights and Dividend Equivalents. This Award does not provide for Voting Rights or Dividend Equivalents.
Voting Rights and Dividend Equivalents. Until such time as the Performance Shares are paid out in Shares, the Participant shall not have voting rights with respect to the Performance Shares. However, the Company will pay dividend equivalents on the Performance Shares in the same form (e.g., cash, stock, or such other dividend as shall be determined by the Company) paid on the Company’s outstanding Shares. All dividend equivalents will be accrued as of the time such dividend equivalents are paid on the Company’s Shares, however, such dividend equivalents will not be earned or payable to the Participant unless and until such time as, and to the extent that, the Performance Shares to which such dividend equivalents apply are earned following the end of the 2017 Performance Period and/or the 2018 Performance Period, as applicable.
Voting Rights and Dividend Equivalents. During the Period of Restrictions, the Employee may not exercise voting rights with respect to the Restricted Stock Units. When the Active 60279244 2.docx Company delivers the shares of Common Stock pursuant to Section 3, Section 4 or Section 6, the Company shall also pay to the Employee an amount in cash equal to the dividends that would have been paid on each share of Common Stock underlying the Restricted Stock Units had such share been outstanding from the date of grant until the Vesting Date. The dividend equivalent payment pursuant to this Section 5 shall be paid without interest or earnings and will be subject to the payment of applicable withholding taxes. No dividend equivalent payments will be made with respect to Restricted Stock Units that do not vest pursuant to this Agreement
Voting Rights and Dividend Equivalents. During the Period of Restriction, you are not the owner of record of the shares of Class A common stock underlying your Restricted Stock Units and accordingly, you will have no voting rights on such shares. However, you will receive a cash payment equal to any regular quarterly dividends that the Company declares and pays on its Class A common stock with respect to the shares underlying your Restricted Stock Units granted under this Award. The Company shall pay any dividend-equivalents at such time or times as it determines in its sole discretion; provided, the Company shall pay any dividend-equivalents at least once per calendar year.
Voting Rights and Dividend Equivalents. (a) A Key Employee shall have no voting rights with respect to the Performance Share Units.
Voting Rights and Dividend Equivalents. No Restricted Stock Unit will include any rights to receive dividends, dividend equivalents, or voting rights.
Voting Rights and Dividend Equivalents. During the Period of Restrictions, the Employee may not exercise voting rights with respect to the Restricted Stock Units. During the Period of Restrictions, when the Company pays dividends on shares of Common Stock, the Company shall also pay, or cause Cimarex to pay, to the Employee an amount in cash equal to Active 60279244 2.docx the dividends that would have been paid on each Restricted Stock Unit set forth in Section 1. The dividend equivalent payment pursuant to this Section 5 shall be paid without interest or earnings and will be subject to the payment of applicable withholding taxes.
Voting Rights and Dividend Equivalents. Until shares of Common Stock are issued in settlement thereof, the Employee may not exercise voting rights with respect to the Restricted Stock Units. When the Company delivers the shares of Common Stock pursuant to Section 3, Section 4 or Section 6, the Company shall also pay to the Employee an amount in cash equal to the dividends that would have been paid on each share of Common Stock underlying the Restricted Stock Units had such share been outstanding from the Date of Grant until the date shares of Common Stock are delivered to the Employee. The dividend equivalent payment pursuant to this Section 5 shall be paid without interest or earnings and will be subject to the payment of applicable withholding taxes. No dividend equivalent payments will be made with respect to Restricted Stock Units that do not vest pursuant to this Agreement.
