Participating Dividends definition

Participating Dividends has the meaning set forth in Section 4(a)(i).

Participating Dividends shall have the meaning set forth in Section 4.

Participating Dividends. As used herein, the "Formula Number" shall be 100; provided, however, that if at any time after June 21, 1996, the Corporation shall (i) declare or pay any dividend or make any distribution on the Common Stock, payable in shares of Common Stock, (ii) subdivide (by a stock split or otherwise), the outstanding shares of Common Stock into a larger number of shares of Common Stock, or (iii) combine (by a reverse stock split or otherwise) the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then in each such case the Formula Number in effect immediately prior to such event shall be adjusted to a number determined by multiplying the Formula Number then in effect by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event (and rounding the result to the nearest whole number); and provided further, that, if at any time after June 21, 1996, the Corporation shall issue any shares of its capital stock in a merger, reclassification, or change of the outstanding shares of Common Stock, then in each such event the Formula Number shall be appropriately adjusted to reflect such merger, reclassification, or change so that each share of Series A Preferred Stock continues to be the economic equivalent of a Formula Number of shares of Common Stock prior to such merger, reclassification or change.

Examples of Participating Dividends in a sentence

• Any Additional Dividends payable pursuant to this SECTION 2(b) shall be in addition to any Participating Dividends, as applicable, payable pursuant to SECTION 2(a) hereof.

• Participating Dividends shall be payable as and when paid to the holders of shares of Common Stock.

• Participating Dividends are payable at the same time as and when dividends on the Common Stock are paid to the holders of Common Stock.

• Participating Dividends not paid or made to holders of shares of Series B Preferred Stock shall be considered accrued and unpaid dividends of the Series B Preferred Stock.

• However, an exception to this rule may be made in the two following cases: - if none of the candidates put forward by the trade union to the workplace elections has reached a personal score of at least 10%; - if there is no longer a candidate to the workplace elections left in the company or establishment who has reached a personal score of at least 10%.

More Definitions of Participating Dividends

Participating Dividends has the meaning specified in the Investment Agreement.

Participating Dividends. The Corporation shall declare each Participating Dividend immediately prior to or at the same time it declares any cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required to be paid. No cash or non-cash dividend or distribution on the Common Stock in respect of which a Participating Dividend is required shall be paid or set aside for payment on the Common Stock unless a Participation Dividend in respect of such dividend shall be have been paid. Nothing contained in this paragraph D shall obligate the Company to declare or pay any dividend or other distribution on the Common Stock or (except pursuant to paragraph A of this Article III or in connection with a dividend or distribution on the Common Stock as provided in this paragraph D) the Series B Preferred Stock.

Participating Dividends has the meaning set forth in Section A.2.a.ii of Article Fifth.

Participating Dividends shall have the meanings ascribed to such terms in Section (A) of Article IV.

Participating Dividends shall have the meaning set forth in Section 2(a) hereof.

Participating Dividends. As defined in paragraph 3(a).

Participating Dividends shall be payable on the same date that such dividends are payable to holders of shares of Common Stock, and no dividends shall be payable to holders of shares of Common Stock, unless the full dividends contemplated by this Section 4(b) are paid substantially at the same time to Holders.