Common use of Automatic Dividend Reinvestment Clause in Contracts

Automatic Dividend Reinvestment. As to the Shares deposited hereunder, Director shall be automatically enrolled in GenCorp's dividend reinvestment program, pursuant to the standard terms and conditions of participation. Additional shares of GenCorp common stock accumulated pursuant to the dividend reinvestment feature shall not be subject to the Restriction Period. Director may decline to participate in such program by so indicating below his or her signature on this Agreement.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Gencorp Inc), Restricted Stock Agreement (Gencorp Inc)

Automatic Dividend Reinvestment. As to the Shares deposited hereunder, Director shall be automatically enrolled in GenCorp's dividend reinvestment programAutomatic Dividend Reinvestment Service ("Service"), pursuant to the standard terms and conditions of participation. Additional shares of GenCorp common stock accumulated pursuant to the dividend reinvestment feature shall not be freely transferable, subject to the Restriction Periodterms and conditions of the Service. Director may decline to participate in such program Service by so indicating below his or her signature on this Agreement.

Appears in 1 contract

Sources: Restricted Stock Agreement (Gencorp Inc)