Dividend Plan definition

Dividend Plan means a plan to provide reasonable assur- ances as to the policyholder dividend scales of the participating individual policies and contracts of a converted insurance com- pany in the life insurance business in force on the date specified in the dividend plan for which the insurer had an experience− based dividend scale payable in the year of the plan by creating any of the following:
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Dividend Plan means the dividend plan adopted by the Board in 1991 to transfer one-half of the lesser of its unrestricted net income or total net income to the State.
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Dividend Plan means the GWA Group Limited Dividend Reinvestment Plan, the terms of which are set out in these Rules.
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Examples of Dividend Plan in a sentence

  • Effective with the October 2014 dividend, Enerplus suspended the Stock Dividend Plan.

  • At Board of Directors meetings held on November 5 and 6, 2003 and December 2, 2003 and at a Special Shareholders meeting also held on December 2, 2003, certain actions were approved relative to a plan to distribute limited partnership units (the Dividend Plan) of certain Company owned partnerships to shareholders of the Company.

  • The Dividend Plan dividended, on January 1, 2004 for shareholders of record on January 1, 2004, limited partnership units in RIMCO Royalty Partners, L.P., a limited partnership owning royalty and net profits interests, and the Company's 79.2875% general partnership interest in Diverse-RIMCO, another partnership holding royalty and net profits interests.

  • Each Dividend Plan may be terminated or suspended on the occurrence of certain events prescribed by the rules of that Dividend Plan.

  • During the second quarter of 2014, the Company implemented a Share Dividend Plan ("SDP").

  • The Dividend Plan also allows for full investment of dividends and cash contributions, because it credits the purchase of fractional and whole shares to a participating shareholders' account.

  • Further, an offer for the company to finance the exercise of remaining stock options was made in anticipation of the Dividend Plan.

  • Effective with the October, 2014 dividend, Enerplus suspended the Stock Dividend Plan.

  • Common shares will be purchased at a discount from the market price under the dividend reinvestment portion of the Dividend Plan.

  • For each Dividend Plan established in accordance with paragraph (a) of this Rule the Directors are authorised to vary the terms of the Dividend Plan as and when they consider it appropriate and to suspend or terminate the operation of the Dividend Plan.


More Definitions of Dividend Plan

Dividend Plan means a dividend reinvestment plan, a bonus share plan, a dividend selection plan or any other plan which gives holders of Shares the opportunity to accept securities in place of dividend, distribution or interest payments or apply any dividend, distribution or interest payments for the subscription of securities.
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Dividend Plan means the Wal-Mart Stores, Inc. Dividend Reinvestment Plan.
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Related to Dividend Plan

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • 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 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.

  • 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.

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

  • Dividend Period means the Initial Dividend Period, any 7-Day Dividend Period and any Special Dividend Period.

  • Deemed Dividend Problem means, with respect to any Foreign Subsidiary, such Foreign Subsidiary’s accumulated and undistributed earnings and profits being deemed to be repatriated to the Borrower or the applicable parent Domestic Subsidiary under Section 956 of the Code and the effect of such repatriation causing materially adverse tax consequences to the Borrower or such parent Domestic Subsidiary, in each case as determined by the Borrower in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors.

  • Ex-Dividend Time means, with respect to any distribution on shares of Common Stock, the first date on which the shares of Common Stock trade regular way on the principal securities market on which the shares of Common Stock are then traded without the right to receive such distribution.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

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

  • DSUs means the deferred share units granted under the DSU Plan;

  • 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 Payment Date means February 15, May 15, August 15 and November 15 of each year.

  • Dividend Periods means the Initial Dividend Period and each subsequent quarterly dividend period commencing on and including January 1, April 1, July 1 and October 1 of each year and ending on and including the day preceding the first day of the next succeeding Dividend Period, other than the Dividend Period during which any Class B Preferred Stock shall be redeemed pursuant to Section 5 hereof, which shall end on and include the Call Date with respect to the Class B Preferred Stock being redeemed.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

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

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

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

  • 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).

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

  • 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 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.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • 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.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

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