Common use of Voting Rights; Dividends Clause in Contracts

Voting Rights; Dividends. If the Company declares and pays (or sets a record date with respect to) ordinary cash dividends on Shares on or after the Grant Date and prior to the Vesting Date, you shall not be entitled to receive such dividends at the time of payment. Instead, subject to Section 8 below, any such dividends as relate to the Restricted Shares and which you are eligible to receive pursuant to the immediately following sentence shall be held by the Company or an escrow agent that is designated by the Company and shall vest and be paid (less any taxes required to be withheld) at the time the corresponding Restricted Shares vest (it being understood that the provisions of this sentence shall not apply to any extraordinary dividends or distributions). You are eligible to receive ordinary cash dividends on the Restricted Shares outstanding (which, for the avoidance of doubt, shall be determined after application of the Performance Factor in respect of any dividends declared, paid or for which a record date has been set on or after the Determination Date) during the period from the Grant Date through the Vesting Date in respect of any such dividends declared, paid or for which a record date has been set prior to the Vesting Date, which dividends shall accrue in escrow. For the avoidance of doubt, dividends shall not be payable with respect to any Restricted Shares that do not vest in accordance with their terms. You shall have, with respect to the Restricted Shares outstanding as of an applicable date (which, for the avoidance of doubt, shall be determined after application of the Performance Factor on or after the Determination Date), the same right to vote the Shares as a shareholder of Shares.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Cable One, Inc.), Restricted Stock Award Agreement (Cable One, Inc.), Restricted Stock Award Agreement (Cable One, Inc.)

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Voting Rights; Dividends. If the Company declares and pays (or sets a record date with respect to) ordinary cash dividends on Shares on or after the Grant Date and prior to the Vesting Date, you shall not be entitled to receive such dividends at the time of payment. Instead, subject to Section 8 below, any such dividends as relate to the Restricted Shares and which you are eligible to receive pursuant to the immediately following sentence shall be held by the Company or an escrow agent that is designated by the Company and shall vest and be paid (less any taxes required to be withheld) at the time the corresponding Restricted Shares vest (it being understood that the provisions of this sentence shall not apply to any extraordinary dividends or distributions). You are eligible to receive ordinary cash dividends on the Restricted Shares outstanding (which, for the avoidance of doubt, shall be determined after application of the Performance Factor in respect of any dividends declared, paid or for which a record date has been set on or after the Determination Date) during the period from the Grant Date through the Vesting Date in respect of any such dividends declared, paid or for which a record date has been set prior to the Vesting Determination Date, which dividends shall accrue in escrow. For the avoidance of doubt, dividends shall not be payable with respect to any Restricted Shares that do not vest in accordance with their terms. You shall have, with respect to the Restricted Shares outstanding as of an applicable date (which, for the avoidance of doubt, shall be determined after application of the Performance Factor on or after the Determination Date)date, the same right to vote the Shares as a shareholder of Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cable One, Inc.)

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Voting Rights; Dividends. If the Company declares and pays (or sets a record date with respect to) ordinary cash dividends on Shares on or after the Grant Date and prior to the Vesting Date, you shall not be entitled to receive such dividends at the time of payment. Instead, subject to Section 8 below, any such dividends as relate to the Restricted Shares and which you are eligible to receive pursuant to the immediately following sentence shall be held by the Company or an escrow agent that is designated by the Company and shall vest and be paid (less any taxes required to be withheld) at the time the corresponding Restricted Shares vest (it being understood that the provisions of this sentence shall not apply to any extraordinary dividends or distributions). You are eligible to receive ordinary cash dividends on the Restricted Shares outstanding during the period from the Grant Date through the Vesting Date as follows: (which, for the avoidance of doubt, a) you shall be determined after application of eligible to receive, and shall accrue in escrow, any such dividends declared, paid or for which a record date has been set prior to the Performance Factor Determination Date only in respect of the Target Shares and (b) you shall be eligible to receive, and shall accrue in escrow, any such dividends declared, paid or for which a record date has been set on or after the Determination Date) during the period from the Grant Date through the Vesting Date in respect of any such dividends declaredthe then outstanding Restricted Shares (which, paid or for which a record date has been set prior to the Vesting Date, which dividends shall accrue in escrow. For the avoidance of doubt, dividends shall not be payable with respect to any Restricted Shares that do not vest in accordance with their termsdetermined after application of the Performance Factor). You shall have, with respect to the Restricted Shares outstanding as of an applicable date (which, for the avoidance of doubt, shall be determined after application of the Performance Factor on or after Target Shares prior to the Determination Date, and on and following the Determination Date, shall be the product of the Target Shares and the Performance Factor), the same right to vote the Shares as a shareholder of Shares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cable One, Inc.)

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