Cash Dividend Equivalent definition

Cash Dividend Equivalent means, with respect to any dividend declared on Common Stock, an amount of cash equal to the per-share value of such dividend (whether payable in cash or property).
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Cash Dividend Equivalent means an amount estimated by the Purchaser and the Sellers to be the equivalent of fifty percent (50%) of the Company’s cash on the First Closing Date which shall be agreed upon no later than fourteen (14) days prior to the First Closing Date and before the date that Purchaser applies for foreign investment approval from the Investment Commission of the Ministry of Economic Affairs pursuant to the Republic of China (“R.O.C.”) Statute for Investment by Foreign Nationals (the “FIA”). On the First Closing Date, Purchaser shall pay the Cash Dividend Equivalent in respect to all the Company Shares (including the Promoter’s Shares (as defined below).
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Cash Dividend Equivalent means, for each Share subject to the Award, a cash payment equal to the cash dividend, if any, that would become payable to the Grantee with respect to such Share had the Grantee been the holder of such Share. A Cash Dividend Equivalent, if any, shall be paid to the Grantee when the related cash dividend would have been paid to the Grantee if the Grantee had been the holder of the related Share, and in any event no later than March 15th of the year following the calendar year in which such dividend would have been paid to the Grantee if the Grantee had been the holder of such Share.
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Examples of Cash Dividend Equivalent in a sentence

  • Any Cash Dividend Equivalent Award shall be subject to the same payment terms and conditions as the corresponding Performance Units to which they relate.

  • Any such Cash Dividend Equivalent shall be paid to the Participant on or within 30 days after the date on which the applicable dividend is paid.

  • Each Seller acknowledges and agrees to the use of the Agent to make payment of the Closing Cash Consideration, Cash Dividend Equivalent and Total Escrow Consideration; provided, however, Purchaser shall remain liable to each Seller for payment of the amounts payable by Purchaser under this Agreement notwithstanding the appointment of the Agent.

  • During the Restricted Period, however, the Company shall pay to the Participant, on a quarterly basis, an amount (the "Cash Dividend Equivalent") equal to the sum of all cash dividends declared by General Mills with record dates during the prior quarter with respect to that number of shares of Common Stock equivalent to the number of Restricted Stock Units credited to the Participant's Restricted Stock Units Account as of the applicable record date.

  • The conversion of the Units into the Shares, but not the payment of the related Cash Dividend Equivalent, if any, under Section 3(a) above shall be delayed in the event the Company reasonably anticipates that the issuance of the Shares would constitute a violation of federal securities laws or other Applicable Law.

  • Based on the Committee’s (or CLC's) determination and certification, (A) the Total Performance Units will vest as and to the extent set forth in the Notice of Grant, and (B) all Performance Units, Cash Dividend Equivalent Awards, and rights to stock dividends referred to in Section 1(b)(ii), if any, that do not vest in accordance with the foregoing shall be immediately forfeited and cancelled by the Company without any consideration.

  • Subject to Section 7(c), on the Payment Date (as defined below), the Company shall issue to the Participant one share of Common Stock in settlement of each outstanding Performance Unit and each outstanding right to one share of Common Stock under the stock dividend provision of Section 1(b)(ii), if any, that vest as provided in Section 2, and the Company shall make a cash payment to the Participant with respect to any Cash Dividend Equivalent Awards that vest as provided in Section 2.

  • Notwithstanding the foregoing, the relevant number of Shares shall be issued, and the related Cash Dividend Equivalent shall be paid, no later than March 15th of the year following the calendar year in which the Award vests.

  • Immediately thereafter, or as soon as administratively feasible, the Company will transfer the appropriate number of Shares and the Cash Dividend Equivalent amount to the Grantee after satisfaction of any required tax or other withholding obligations.

  • Subject to Sections 3(b) and 3(c), one share of Common Stock and a Cash Dividend Equivalent (as defined in this Section 3(a)), if applicable, shall be issuable for each Unit subject to the Award (the “Shares”) upon vesting.

Related to Cash Dividend Equivalent

  • Dividend Equivalent means a right to receive the equivalent value (in cash or Shares) of dividends paid on Shares, awarded under Section 9.2.

  • Dividend Equivalents means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Dividend Equivalent Rights means certain rights to receive cash payments as described in Section 3.5.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Phantom Share means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.