Common use of Voting Rights and Dividends Clause in Contracts

Voting Rights and Dividends. Prior to the Vesting Date, the Director shall be credited with cash dividend equivalents with respect to the Restricted Stock Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the Plan, and such dividend equivalents shall be paid (in cash, without interest) to the Director when the Restricted Stock Units to which they relate vest in accordance with this Agreement. The Director shall not have any voting rights with respect to the Stock underlying the Restricted Stock Units prior to the vesting of the Restricted Stock Units and the issuance of Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Tivity Health, Inc.), Restricted Stock Unit Award Agreement (Healthways, Inc), Restricted Stock Unit Award Agreement (Healthways, Inc)

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Voting Rights and Dividends. Prior to the Vesting Date, the Director Grantee shall be credited with cash dividend equivalents with respect to the Restricted Market Stock Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the Plan, and such dividend equivalents shall be paid (in cash, without interest) to the Director Grantee when the Restricted Market Stock Units to which they relate vest are settled in accordance with this Agreement. The Director Grantee shall not have any voting rights with respect to the Stock underlying the Restricted Market Stock Units prior to the vesting of the Restricted Market Stock Units and the issuance of the Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock.

Appears in 4 contracts

Samples: Market Stock Unit Award Agreement (Healthways, Inc), Market Stock Unit Award Agreement (Healthways, Inc), Market Stock Unit Award Agreement (Healthways, Inc)

Voting Rights and Dividends. Prior to the Vesting Date, the Director Grantee shall be credited with cash dividend equivalents with respect to the Restricted Market Stock Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the PlanStock, and such dividend equivalents shall be paid (in cash, without interest) to the Director Grantee when the Restricted Market Stock Units to which they relate vest are settled in accordance with this Agreement. The Director Grantee shall not have any voting rights with respect to the Stock underlying the Restricted Market Stock Units prior to the vesting of the Restricted Market Stock Units and the issuance of the Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock.

Appears in 1 contract

Samples: Market Stock Unit Award Agreement (Healthways, Inc)

Voting Rights and Dividends. Prior to the each Vesting Date, the Director Grantee shall be credited with cash dividend equivalents with respect to the Restricted Stock Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the PlanStock, and such dividend equivalents shall be paid (in cash, without interest) to the Director Grantee when the Restricted Stock Units to which they relate vest are settled in accordance with this Agreement. The Director Grantee shall not have any voting rights with respect to the Stock underlying the Restricted Stock Units prior to the vesting of the Restricted Stock Units and the issuance of the Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Healthways, Inc)

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Voting Rights and Dividends. Prior to the Vesting Date, the Director Grantee shall be credited with cash dividend equivalents with respect to the Restricted Stock Performance Share Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the Plan, and such dividend equivalents shall be paid (in cash, without interest) to the Director Grantee when the Restricted Stock Performance Share Units to which they relate vest are settled in accordance with this Agreement. The Director Grantee shall not have any voting rights with respect to the Stock underlying the Restricted Stock Performance Share Units prior to the vesting of the Restricted Stock Performance Share Units and the issuance of the Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Healthways, Inc)

Voting Rights and Dividends. Prior to the Vesting Date, the Director Grantee shall be credited with cash dividend equivalents with respect to the Restricted Market Stock Units at the time of any payment of dividends to stockholders on shares of Common Stock in accordance with the terms set forth in the Plan, and such dividend equivalents shall be paid (in cash, without interest) to the Director Grantee when the Restricted Market Stock Units to which they relate vest are settled in accordance with this Agreement. The Director Grantee shall not have any voting rights with respect to the Stock underlying the Restricted Market Stock Units prior to the vesting of the Restricted Market Stock Units and the issuance of the Stock as set forth in Section 2. A holder of Distributed Shares shall have full dividend and voting rights as a holder of Stock. Section 5.

Appears in 1 contract

Samples: Market Stock Unit Award Agreement

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