Annual Dividend definition

Annual Dividend means the aggregate, annual dividend declared by Southern Company on Common Stock for the Plan Year in which an Award is made.

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Annual Dividend has the meaning set forth in Section 3.14(iii).

Annual Dividend means, with respect to a Share, the aggregate dividends received by a Management Stockholder in any one Fiscal Year on or after the Effective Time and prior to the payment of the price for the applicable Put or Call in excess of $.20 per Share (as equitably adjusted to reflect changes in the number of Shares resulting from transactions agreed to by the parties that take place as of, or immediately prior to, the Effective Time).

Examples of Annual Dividend in a sentence

• The amount of the Dividend Equivalent payment will, subject to tax withholding, equal (i) the number of Dividend Equivalent Rights subject to the Award, multiplied by (ii) the Aggregate Annual Dividend for such Performance Year.

• For any Performance Year, if either the Earnings Per Share with respect to that Performance Year is less than the EPS Threshold set forth below for that Performance Year, or the Aggregate Annual Dividend with respect to that Performance Year is less than the Dividend Threshold set forth below for that Performance Year, the Participant shall have no rights under this Award with respect to that Performance Year.

• The amount of dividends per share for each full Dividend Period shall be computed by dividing by four an amount equal to (i) the Annual Dividend Rate, (ii) multiplied by the amount of the liquidation preference of such share.

• Subject to Section 4(c), Annual Dividends shall accrue and accumulate on a daily basis from the Issuance Date of such share, whether or not declared and whether or not the Corporation has funds legally available for the payment of such dividends and shall be payable annually in arrears, if, as and when so authorized and declared by the Board of Directors, on each Annual Dividend Payment Date, commencing on the first Annual Dividend Payment Date following the Issuance Date of such share.

• All payments of the Annual Dividend shall be paid by electronic ACH transfer to an account in the name of the Company (the "Holding Account"), for further distribution to the Investor within 90 days of the end of each applicable calendar year.

• If the Conversion Date for any shares of Series B Preferred Stock is prior to the close of business on a Dividend Record Date, the Holder of such shares will not be entitled to any Annual Dividend in respect of such Dividend Record Date, other than through the inclusion of Accrued Dividends as of the Conversion Date in the calculation under Section 6(a) or Section 7(a), as applicable.

• Annual Dividend payments shall be aggregated per Holder and shall be made to the nearest cent (with $0.005 being rounded upward).

• To the extent that any payment of the Annual Dividend is not paid within five (5) business days of such payment becoming due to the Investor, and the delay is not excused, the Company shall be assessed a late payment charge at an annual rate equal to five percent (6%) based on the number of days elapsed out of a 365 day calendar year.

• The Investor in the C-2 Investment Certificate shall be entitled to receive cumulative dividends at the rate of % of the Original Purchase Price per annum, commencing with a payment the year the building located at ▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇▇ receives a Certificate of Occupancy (projected 2022), and no later than the second full calendar year after the Effect Date of this C-2 Investment Certificate (the "Annual Dividend").

• Payment of the Annual Dividend may be either in cash or in kind as determined by the Board of Directors.

More Definitions of Annual Dividend

Annual Dividend means any annual dividend declared made or paid by the Company in the normal course (consistent with the declaration and payment of the 2010 Final Dividend) following the Company's annual general meeting in 2012 only (which, for the avoidance of doubt, shall not include any interim dividend or any other dividend or distribution whatsoever); Associated Companies means the Company’s associated companies identified in Note 4 to the financial statements in the Last Published Accounts;

Annual Dividend means the rate of dividend on SCP account balance of members declared annually by the Board under section 7(6);

Annual Dividend. The units pay a cumulative annual dividend of 7%. This means that if a dividend payment is missed, it accrues and must be paid before any dividends can be paid on the common units.

Annual Dividend means (A) the product of (i) one one-thousandth of one percent (0.00001) multiplied by (ii) the amount by which EPCS for the calendar year of the Corporation immediately preceding the year in which the determination is made exceeds EPCS for the next preceding calendar year of the Corporation multiplied by (iii) 33,334,951, minus (B) any reduction required by Section (b)(6) hereof.

Annual Dividend shall have the meaning ascribed to such term in Section 2.5(d).

Annual Dividend means the definition set out in paragraph 8.2;