Cumulative Dividend definition

Cumulative Dividend means a dividend with respect to the Shares accruing from January 1, 1997 at the rate of 15% per annum of the Preference Amount ($.105 per share).
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Cumulative Dividend means a dividend with respect to the Shares accruing from the date of payment of consideration for the Shares to the Accrual Date at a rate of 15% per annum of the Preference Amount ($.15 per Share per year).
Sample 1
Cumulative Dividend means dividends which if not paid pursuant to an agreement, the aggregate thereof must be paid at some subsequent date.
Sample 1

Examples of Cumulative Dividend in a sentence

  • The Committee cannot grant options under the Plan that are subject to different Cumulative Dividend Targets and/or different Measurement Dates from those set out in the table in paragraph 7.2 above without first seeking the approval of the Company’s shareholders by way of an ordinary resolution in general meeting, unless the new Cumulative Dividend Targets and Measurement Dates are in the fair and reasonable opinion of the Committee no less challenging in the circumstances than those described above.

  • If a participant ceases to be a director or employee as a good leaver before 31 December 2015 the participant’s options shall vest and become exercisable on 31 December 2015 provided that the Cumulative Dividend Target of £1.70 and the Underpin have been satisfied by that date.

  • The Cumulative Dividend Account is intended to ensure that our stockholders receive an equivalent of at least $2.65 per share in annualized dividends before any performance fee is paid.

  • Cumulative Dividend: A dividend which accrues to the next period if not paid in the current payment period.

  • The Plan will expire and no further options may be granted under it on the earliest of either the Measurement Date by which the Cumulative Dividend Targets have not been satisfied, or 31 December 2021.

  • If the Underpin is not satisfied the Committee may determine the extent to which, in its fair and reasonable opinion, the Cumulative Dividend targets would have been achieved had dividends only been financed out of retained earnings and the Company had an ungeared balance sheet.

  • Options will vest in full as soon as the Cumulative Dividends paid by the Company equal or exceed £6.20 per Share, subject to the satisfaction of the Cumulative Dividend targets by each of the Measurement Dates up to that date.

  • If Gross Cash Available for Distribution per share exceeds the Incentive Threshold in respect of a particular fiscal year, we will only pay our Manager a performance fee if the Cumulative Dividend Account is zero or positive; if there is a deficit in the Cumulative Dividend Account, the performance fee may be reduced.

  • Following the end of each five-year period, commencing January 1, 2013, the Cumulative Dividend Account balance will be reset to zero.

  • If a participant ceases to be a director or employee as a good leaver on or after a Measurement Date (excluding the 2015 Measurement Date) and the Cumulative Dividend Target for that Measurement Date was not achieved then, subject to the satisfaction of the Underpin, the portion of his option that vested on the Measurement Date prior to cessation shall remain vested and capable of exercise (as determined by reference to the “x ÷ 6.20 formula” described in paragraph 7 above).


More Definitions of Cumulative Dividend

Cumulative Dividend means a dividend with respect to the Shares accruing from the later of the Closing Date or Issue Date at the Preferred Rate.
Sample 1
Cumulative Dividend means a dividend with respect to the Shares accruing from issuance at the rate of 10% per annum of the Preference Amount ($10 per annum per share).
Sample 1

Related to Cumulative Dividend

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Annual Fixed Dividend Rate means, for any Subsequent Fixed Rate Period, the annual rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.16%.

  • Regular Dividend means USD 0.75 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Preferred Dividends means, for any period and without duplication, all Restricted Payments paid during such period on Preferred Equity Interests issued by the Parent or a Subsidiary. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily Redeemable Stock) payable to holders of such class of Equity Interests, (b) paid or payable to the Parent or a Subsidiary, or (c) constituting or resulting in the redemption of Preferred Equity Interests, other than scheduled redemptions not constituting balloon, bullet or similar redemptions in full.

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Initial Dividend Rate means, with respect to a series of APS, the rate per annum applicable to the Initial Dividend Period for such series of APS.

  • Dividend Amount means, with respect to any date on which the Company pays a dividend on its outstanding Common Stock, the amount of such dividend that is paid per share of Common Stock multiplied by (x) the Purchase Amount divided by (y) the Liquidity Price (treating the dividend date as a Liquidity Event solely for purposes of calculating such Liquidity Price).

  • Accumulated Dividends means, with respect to any share of Preferred Stock, as of any date, the aggregate accumulated and unpaid dividends on such share from the Issue Date until the most recent Dividend Payment Date on or prior to such date. There shall be no Accumulated Dividends with respect to any share of Preferred Stock prior to the first Dividend Payment Date.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any such dividend shall be equal to the quotient of such dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of such Preferred Stock.

  • Initial Dividend Payment Date means the Initial Dividend Payment Date as determined by the Board of Directors of the Corporation with respect to the AMPS or Other AMPS, as the case may be.

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Dividends means cash dividends and cash distributions with respect to any Pledged Shares or other Pledged Property made in the ordinary course of business and not a liquidating dividend.

  • Applicable Dividend Rate means (i) during the period from the Original Issue Date to, but excluding, the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 5% per annum and (ii) from and after the first day of the first Dividend Period commencing on or after the fifth anniversary of the Original Issue Date, 9% per annum.

  • Dividend Rate has the meaning set forth in the Statement.

  • Dividend Payment means dividends (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any shares of any class of stock of the Company or of any warrants, options or other rights to acquire the same, but excluding dividends payable solely in shares of common stock of the Company.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • annual cash dividend means cash dividends paid in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

  • Dividends Paid means the total of all cash dividends paid on one (1) share of stock during the Performance Period.

  • Accrued Dividends means, with respect to any share of Preferred Stock, as of any date, the accrued and unpaid dividends on such share from and including the most recent Dividend Payment Date (or the Issue Date, if such date is prior to the first Dividend Payment Date) to but not including such date.

  • Share Dilution Amount means the increase in the number of diluted shares outstanding (determined in accordance with GAAP applied on a consistent basis, and as measured from the date of the Issuer’s most recent consolidated financial statements prior to the Signing Date) resulting from the grant, vesting or exercise of equity-based compensation to employees and equitably adjusted for any stock split, stock dividend, reverse stock split, reclassification or similar transaction.

  • Regular Periodic Cash Dividend means cash dividends paid at regular intervals in any fiscal year of the Corporation to the extent that such cash dividends do not exceed, in the aggregate, the greatest of:

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Dividend Date means a date specified in the Issue Resolution on which a dividend in respect of that preference share is payable.

  • Initial Dividend Period means the dividend period commencing on the Issue Date and ending on the first Dividend Payment Date to occur thereafter.