Dividend Equivalent Payment definition

Dividend Equivalent Payment means a payment in cash or Cash Equivalents to any director, officer or employee of Holdings or any of its Subsidiaries that is a holder of unexercised warrants, options or other rights to acquire Qualified Capital Stock (other than Qualified Capital Stock that is Preferred Stock) of Holdings, which payment represents a dividend or distribution by Holdings that such holder would have received had such holder’s warrants, options or other rights to acquire been exercised on the date of such dividend or distribution.

Dividend Equivalent Payment means, for each share of Stock represented by an outstanding Restricted Stock Unit, a payment in an amount equal to, and in the same form of payment as, the dividend paid on one share of Stock, except as otherwise determined by the Committee or set forth in the Country Appendix.

Dividend Equivalent Payment means an amount in cash, if any, equal to the Common Share Dividends per Common Share for which the Common Share Dividend Record Date occurs during the period from the Closing Date to the date prior to the Acquisition Closing Date;

Examples of Dividend Equivalent Payment in a sentence

• Holders of Subscription Receipts are not shareholders of the Corporation and will not have any direct or indirect entitlement whatsoever relating to or arising from any dividends declared or paid on the Common Shares prior to the Acquisition Closing other than any Dividend Equivalent Payment.

• No Dividend Equivalent Payment will be made to holders of Subscription Receipts if a Termination Event occurs.

• Dividends to be paid by the Corporation on the Underlying Common Shares, and accordingly, the Dividend Equivalent Payment that may be receivable in respect of the Subscription Receipts, may fluctuate.

• Subscription Receipts: Each Receipt will entitle the holder thereof to receive upon the Acquisition Closing, without payment of any additional consideration or further action on the part of the holder, one Share together with a Dividend Equivalent Payment (as defined herein).

• The Corporation shall, no later than one Business Day before the date upon which the Dividend Equivalent Payment is required to be paid, pay to the Subscription Receipt Agent such amount, if any, as will be sufficient to allow the Subscription Receipt Agent to pay in full the Dividend Equivalent Payment as is required under the circumstances.

More Definitions of Dividend Equivalent Payment

Dividend Equivalent Payment means an amount equal to the Value of the Income Property at the relevant Valuation Point on the Trade Date divided by the number of Units then in issue or deemed to be in issue;

Dividend Equivalent Payment means an amount per Subscription Receipt equal to the amount per Common Share of any cash dividends for which record dates have occurred during the period from and including the date hereof to but excluding the date the Common Shares are issued or deemed to be issued hereunder upon exchange of the Subscription Receipts;

Dividend Equivalent Payment means the amount payable by the Escrow Agent to holders of Subscription Receipts on the Transaction Closing Date equal to the dividends declared by the Corporation on the Common Shares during the period of time from the date of the Underwriting Agreement up to but not including the Transaction Closing Date;

Dividend Equivalent Payment has the meaning ascribed thereto in Section 2.3(c).

Dividend Equivalent Payment means an amount to which a Participant becomes entitled under Rule 5.7;

Dividend Equivalent Payment means the amount payable to the holders of Subscription Receipts upon the Acquisition Closing Date equal to the dividends declared by the Corporation on the Common Shares to holders of record on a date during the period from the Offering Closing Date to the Acquisition Closing Date;

Dividend Equivalent Payment means an amount calculated by reference to dividends paid on Vested Shares as described in Rule 2.11 (Dividend Equivalent Payments).