Common use of Voting Rights and Dividend Equivalents Clause in Contracts

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.

Appears in 8 contracts

Samples: Form Bod Award Agreement (PROCTER & GAMBLE Co), Form Bod Award Agreement (PROCTER & GAMBLE Co), Bod Award Agreement (PROCTER & GAMBLE Co)

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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 resulting fractional share unit may be paid as cash, fractional shares, or rounded up to the nearest whole number full share based on administrative preference of RSUsthe Company. 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.

Appears in 5 contracts

Samples: Award Agreement (PROCTER & GAMBLE Co), PROCTER & GAMBLE Co, PROCTER & GAMBLE Co

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 resulting fractional share units may be paid as cash, fractional shares, or rounded up to the nearest whole number full share based on administrative preference of RSUsthe Company. 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.

Appears in 3 contracts

Samples: PROCTER & GAMBLE Co, PROCTER & GAMBLE Co, PROCTER & GAMBLE Co

Voting Rights and Dividend Equivalents. As a holder of RSUsPSUs, during the period from the Grant Date until the date the RSUs PSUs are paid, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional RSUs PSUs ("Dividend Equivalent RSUs”PSUs"). The number of Dividend Equivalent RSUs PSUs will be determined as follows: multiply the number of RSUs PSUs and Dividend Equivalent RSUs PSUs 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 PSUs will be subject to the same terms and conditions as the original RSUs PSUs that gave rise to them, including performance vesting and settlement terms, except that if there is a fractional number of Dividend Equivalent RSUs PSUs on the date the RSUs PSUs are paid, the Dividend Equivalent RSUs will resulting fractional share units may be paid as cash, fractional shares, or rounded up to the nearest whole number full share based on administrative preference of RSUsthe Company. 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.

Appears in 2 contracts

Samples: Form PSP Award Agreement (PROCTER & GAMBLE Co), PROCTER & GAMBLE Co

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Voting Rights and Dividend Equivalents. As a holder of RSUsPSUs, during the period from the Grant Date until the date the RSUs PSUs are paid, each time a cash dividend or other cash distribution is paid with respect to Common Stock, you will receive additional RSUs PSUs (“Dividend Equivalent RSUsPSUs”). The number of Dividend Equivalent RSUs PSUs will be determined as follows: multiply the number of RSUs PSUs and Dividend Equivalent RSUs PSUs 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 PSUs will be subject to the same terms and conditions as the original RSUs PSUs that gave rise to them, including performance vesting and settlement terms, except that if there is a fractional number of Dividend Equivalent RSUs PSUs on the date the RSUs PSUs are paid, the Dividend Equivalent RSUs PSUs will be rounded up to the nearest whole number of RSUsPSUs. 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.

Appears in 2 contracts

Samples: Award Agreement (PROCTER & GAMBLE Co), PROCTER & GAMBLE Co

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 resulting fractional share unit may be paid as cash, fractional shares, or rounded up to the nearest whole number full share based on administrative preference of RSUsthe Company. 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.

Appears in 1 contract

Samples: Form Bod Award Agreement (PROCTER & GAMBLE Co)

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