Dividend Equivalent Amount definition

Dividend Equivalent Amount means the amount of any dividend paid on one Share that has a record date during the Dividend Equivalent Period multiplied by (1) in the case of Restricted Shares, the number of Restricted Shares held by you as of such record date and, (2) in the case of a Performance Share Award, the Performance Share Number. 

Dividend Equivalent Amount means the amount of any dividend paid on one Share that has a record date during the Dividend Equivalent Period multiplied by (1) in the case of Restricted Shares, the number of Restricted Shares held by you as of such record date and, (2) in the case of a Performance Share Award, the Performance Share Number.

Dividend Equivalent Amount means an amount determined by multiplying the number of Dividend Equivalents subject to a Grant by the per-share cash Dividend paid by the Company on its outstanding Company Stock, or the per-share fair market value (as determined by the Committee) of any Dividend paid by the Company on its outstanding Company Stock in consideration other than cash, with respect to each record date for the payment of a dividend during the Accumulation Period described in Section 11(a)(i). If interest is credited on accumulated Dividend Equivalents, the term “Dividend Equivalent Amount” shall include the accrued interest.

Examples of Dividend Equivalent Amount in a sentence

• At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.

• If your Award includes Restricted Shares or a Performance Share Award, upon vesting of such Restricted Shares or upon issuance of Shares underlying such Performance Share Award, as the case may be, in accordance with the terms of this Agreement, you will be entitled to the Total Dividend Equivalent Amount with respect to such Restricted Shares or Performance Share Award.

• The Total Dividend Equivalent Amount will be converted to Shares and issued to you upon vesting of Restricted Shares, or issuance of Shares underlying a Performance Share Award, as applicable; provided, however, that the Committee may pay you the Total Dividend Equivalent Amount in cash, as determined in its sole discretion.

• As of any date that the Company pays an Ordinary Dividend, each Participant’s Dividend Account shall be credited with an Ordinary Dividend Equivalent Amount.

• Such Ordinary Dividend Equivalent Amount shall be credited to each Participant’s Account in the form of a number of Share Units (including partial Share Units) determined by dividing the Participant’s Ordinary Dividend Equivalent Amount (expressed in dollars) by the Fair Market Value of a share of Company Stock as of the crediting date.

More Definitions of Dividend Equivalent Amount

Dividend Equivalent Amount means the amount included in the Issue Price or redemption proceeds (as the case may be) of the Units issued or redeemed, representing the net undistributed dividends and other income received and held or receivable by TraHK;

Dividend Equivalent Amount means an amount equal to the aggregate dividends (excluding any related tax credits and any dividends of a special or exceptional nature unless the Committee in its absolute discretion determines that they shall be included) which would have been paid to the Participant in respect of the Shares acquired on the exercise of an Option or Vesting of a Conditional Award or Provisional Allocation between the Grant Date and the date on which the Option first became exercisable or the Conditional Award or Provisional Allocation Vested, as the case may be, had those Shares been beneficially owned by the Participant during that period;

Dividend Equivalent Amount means an amount equal to the value of any dividend (whether ordinary or extraordinary, and whether in cash, securities or other property) declared on one share of Omega Common Stock. For purposes of the preceding sentence, the per share cash value of any stock dividend declared on Omega Common Stock shall be the closing price of the Omega Common Stock on the dividend payment date, or if the closing price is not available on that date, the latest date prior to the dividend payment date for which the closing price is available.

Dividend Equivalent Amount means the amount to be credited to the Stock Compensation Sub-Account of a Member from time to time upon the payment by the Company of a dividend on its Common Stock (other than a dividend payable in shares of such Common Stock). The Dividend Equivalent Amount with respect to any such dividend paid by the Company shall be an amount equal to the product of (i) the per share amount of the applicable dividend paid by the Company (if such dividend is not payable in cash, such amount to be based on the fair market value of the property distributed) and (ii) the number of shares of Common Stock reflected in the Member's Stock Compensation Sub-Account as of the record date of such dividend. 2.15 "Elective Distribution Date" shall have the meaning ascribed thereto in Section 3.2 hereof.

Dividend Equivalent Amount means a cash amount equal to the sum of all dividends or distributions paid by the Company from the “Effective Date” (as stated in the applicable award agreement) to the Effective Time in respect of a Company Share.

Dividend Equivalent Amount means, in respect of a Whistler Performance Award, the aggregate amount of dividends paid on Whistler Shares (on a per share basis) during the period commencing on the first day of the Performance Period (as defined in the agreement for such Whistler Performance Award) of such Whistler Performance Award and ending on the earlier of (a) the Effective Date and (b) the last day of the Performance Period (as defined in the agreement for such Whistler Performance Award) of such Whistler Performance Award;

Dividend Equivalent Amount means any of the TRSU Dividend Equivalent Amount, the PRSU Dividend Equivalent Amount or the OPRSU Dividend Equivalent Amount.