Discretionary Dividend definition

Discretionary Dividend means a dividend (either interim or final), other distribution or payment to the extent it exceeds the amount of a Mandatory Dividend.
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Discretionary Dividend means any dividend paid on the Series III Company Preferred Securities or any class of Bank Parity Securities (other than a dividend consisting solely of Bank Ordinary Shares or Bank Parity Securities) that was not required to be paid solely as a result of a dividend or other payment having been made on the Series III Company Preferred Securities, any other class of Bank Parity Securities or any Bank Ordinary Shares. Dividends paid on a dividend payment date for the Series III Company Preferred Securities or any Bank Parity Securities may be partially Discretionary Dividends and partially dividends that are not Discretionary Dividends because they are required to be paid as a result of a dividend or other payment having been made on the Series III Company Preferred Securities, any other class of Bank Parity Securities or any other Bank Ordinary Shares. The term “Discretionary Dividend” includes such dividends only to the extent not so required to be paid. To the extent that a payment that would otherwise be a Discretionary Dividend on any class of Bank Parity Securities is not greater than the amount that would be a Mandatory Dividend Payment Amount if the Bank Parity Securities were Series III Company Preferred Securities, such amount shall not constitute a “Discretionary Dividend.”
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Discretionary Dividend means a preferential dividend to be paid to Preference Shareholders, at the discretion of the Board, and which dividend will not exceed 20% of any dividend declared by the Board to all Security Holders in relation to any particular financial year;
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Examples of Discretionary Dividend in a sentence

  • The record date for any Additional Discretionary Dividend will be 7 business days after the date that Alesco determines to pay the Additional Discretionary Dividend unless the parties agree otherwise.

  • If a Favourable Tax Ruling is not received by Alesco or it becomes clear that the Additional Discretionary Dividend, if paid, cannot be fully franked, the Additional Discretionary Dividend will not be paid.

  • Unless the TIA is terminated, DuluxGroup will not waive any remaining defeating conditions of the Offer before the date that is 3 business days after the record date for the Additional Discretionary Dividend (Declaration Date).

  • Subject to DuluxGroup acquiring a relevant interest (as that term is defined in the TIA) in Alesco shares of 90%, Alesco may (at its discretion) determine to pay a fully franked dividend of up to $0.27 per share ( Additional Discretionary Dividend) conditional on DuluxGroup declaring the Offer free of all defeating conditions.

  • Introduction of Discretionary Dividend option under Religare Short Term Plan - Plan A and Religare Active Income Fund - Plan A: The Trustee to Religare Mutual Fund has decided to introduce Discretionary Dividend option with payout and reinvestment facility under Plan A of Religare Short Term Plan and Plan A of Religare Active Income Fund (‘the Scheme(s)’) with effect from October 28, 2011 (‘effective date’).

  • Kering is on record, however, as having looked at Ralph Lauren (which doesn’t come close to Kering’s core Gucci and St Laurent brands in terms of brand power, in our view), and one could argue a modicum of comparability to Estee Lauder across Gucci’s beauty products range.Fund Consumer Discretionary Dividend Yield vs.

  • Unit holders/ investors can subscribe to the units of Religare Short Tem Plan - Plan A - Discretionary Dividend option and Religare Active Income Fund - Plan A - Discretionary Dividend option at Rs.10/- per unit on effective date and at NAV based prices thereafter on all Business Days.

  • Producer details ( F(4,142) = 11.954, p = .000)Therefore, consumers would like to have all of the above components of the traceability system available when purchasing organic rice.

  • As indicated in the IAP, the identification and review of regulatory policies are guided by the Medium-Term Philippine Development Plan (MTPDP), which serves as the framework for economic development.

  • However, holders of the Amended Preference Shares should note that the uncertainty relating to the eventuality and timing of: • any redemption of an Amended Preference Shares or; • any Discretionary Dividend; which are both fully at the discretion of the Board and which may impact the value of the Amended Preference Shares.


More Definitions of Discretionary Dividend

Discretionary Dividend means any distribution or dividend paid on the Preferred Securities or any class of Cofinoga Parity Securities (other than a distribution or dividend consisting solely of Cofinoga Ordinary Shares) that was not required to be paid solely as a result of a distribution, dividend or other payment having been made on the Preferred Securities, any other class of Cofinoga Parity Securities or any Cofinoga Ordinary Shares. Distributions or dividends paid on a Distribution Payment Date for the Preferred Securities or any Cofinoga Parity Securities may be partially Discretionary Dividends and partially dividends that are not Discretionary Dividends because they are required to be paid as a result of a distribution, dividend or other payment having been made on the Preferred Securities, any other class of Cofinoga Parity Securities or any other Cofinoga Ordinary Shares. The term “Discretionary Dividend” includes such dividends only to the extent not so required to be paid. To the extent that a payment that would otherwise be a Discretionary Dividend on any class of Cofinoga Parity Securities is not greater than the amount that would be mandatorily payable if the Cofinoga Parity Securities were Preferred Securities, such amount shall not constitute a “Discretionary Dividend”;
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Related to Discretionary Dividend

  • Extraordinary Dividend means any cash dividend or distribution (or portion thereof) that the Calculation Agent determines, in its sole discretion, is extraordinary or special; and

  • Discretionary Sale The meaning specified in Section 2.14(c).

  • 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.

  • Extraordinary Distribution means any dividend or other distribution (effected while any of the shares of ESOP Preferred Stock are outstanding) (a) of cash, where the aggregate amount of such cash dividend and distribution together with the amount of all cash dividends and distributions made during the preceding period of 12 months, when combined with the aggregate amount of all Pro Rata Repurchases (for this purpose, including only that portion of the aggregate purchase price of such Pro Rata Repurchase which is in excess of the Fair Market Value of the Common Stock repurchased as determined on the applicable expiration date (including all extensions thereof) of any tender offer or exchange offer which is a Pro Rata Repurchase, or the date of purchase with respect to any other Pro Rata Repurchase which is not a tender offer or exchange offer made during such period), exceeds Twelve and One- Half percent (12.5%) of the aggregate Fair Market Value of all shares of Common Stock outstanding on the record date for determining the shareholders entitled to receive such Extraordinary Distribution and (b) any shares of capital stock of the Corporation (other than shares of Common Stock), other securities of the Corporation (other than securities of the type referred to in paragraph I(2)), evidence of indebtedness of the Corporation or any other person or any other property (including shares of any subsidiary of the Corporation), or any combination thereof. The Fair Market Value of an Extraordinary Distribution for purposes of paragraph I(4) shall be the sum of the Fair Market Value of such Extraordinary Distribution plus the amount of any cash dividends which are not Extraordinary Distributions made during such twelve- month period and not previously included in the calculation of an adjustment pursuant to paragraph I(4).

  • 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.

  • 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.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • 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%.

  • 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).

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • 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.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • 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.

  • Award Value means the value, in dollars, of an award made to a Participant and as stated in the applicable Award Agreement, which is provided under the Plan in the form of PSUs or RSUs, as the case may be.

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

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Compensation Event means any of the following events or circumstances if and to the extent that it interferes adversely with, or causes a failure of, the carrying out of the Design, the Construction or the Services, causes an Unavailability Event or causes Direct Losses to Project Co or any Project Co Person: