Distributions with Respect to Stock Clause Samples

The "Distributions with Respect to Stock" clause defines how and when a company will distribute assets, such as dividends or other payments, to its shareholders based on their ownership of stock. Typically, this clause outlines the types of distributions covered, the timing and method of payment, and any conditions or limitations that may apply, such as preferences for certain classes of stock or restrictions during specific financial circumstances. Its core practical function is to ensure clarity and fairness in the allocation of company profits or assets among shareholders, thereby preventing disputes and setting clear expectations for all parties involved.
Distributions with Respect to Stock. (i) While the Performance Conditions are in force, any cash dividends paid with respect to the Company’s common stock will be payable to Restricted Stock Unit holders subject to the terms below. The cash dividends shall be held un-invested by the Company and subject to the same terms and conditions as the Units while the performance conditions are still in force. Cash dividends related to Units that have satisfied the performance conditions will be paid to the participant as soon as practical after the performance conditions have been satisfied. Cash dividends related to Units that were forfeited will also be forfeited. (ii) While the Employment Conditions are in force, cash dividends will be paid on the same basis and timing as common stock holders. (iii) Restricted Stock Unit participants will receive any stock dividends on the same basis as common stock holders, except their dividends will be in the form of additional Units. Any Units received by a recipient as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise, directly or indirectly, the Restricted Stock Unit shall have the same status and be subject to this Agreement.
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Distributions with Respect to Stock. The Company shall not make (and shall not have made since the Balance Sheet Date) any distribution with respect to its stock, whether in the form of dividends, redemption proceeds, or otherwise.
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Distributions with Respect to Stock. Prior to vesting of such Shares, an amount equal to the cash dividends paid with respect to such Shares shall be paid to Participant as ordinary income through payroll. Any right to receive such cash dividend equivalents will terminate upon the forfeiture of the Shares.
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Distributions with Respect to Stock. (i) While the Performance Conditions are in force, any cash dividends paid with respect to the Company's common stock will be payable to Restricted Stock Unit holders subject to the terms below. The cash dividends shall be held un-invested by the Company and subject to the same terms and conditions as the Restricted Stock Units while the performance conditions are still in force. Cash dividends related to Restricted Stock Units that ▇▇▇e satisfied the performance conditions will be paid to the participant as soon as practical after the performance conditions have been satisfied. Cash dividends related to Restricted Stock Units that were forfeited will also be forfeited. (ii) While the Employment Conditions are in force, cash dividends will be paid on the same basis and timing as common stock holders. (iii) Restricted Stock Unit participants will receive any stock dividends on the same basis as common stock holders, except their dividends will be in the form of additional Restricted Stock Units. Any Restricted Stock Units received by a recipient as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise, directly or indirectly, the Restricted Stock Unit shall have the same status and be subject to this Agreement.
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Distributions with Respect to Stock. Any cash dividends paid with respect to shares of Restricted Stock shall be paid in cash to the Employee, which payment shall be subject to any applicable withholding. Any shares of stock received as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise, directly or indirectly, with respect to shares of Restricted Stock shall have the same status, be subject to this Agreement, and shall bear the same legend as the shares of Restricted Stock and shall be delivered to the Escrow Agent to be held under the same terms and conditions as the Restricted Stock.
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Distributions with Respect to Stock. (i) For Units subject to Performance Conditions, and pending determination of whether Performance Conditions have been achieved, an amount equal to the cash dividends paid with respect to the number of shares of Stock equal to such Units shall be held un-invested by the Company. Participant will vest in these cash dividend equivalents to the same extent that the underlying Units that become vested due to achievement of Performance Conditions, and if vested, will be paid to the Participant as soon as practical after determination that the Performance Conditions have been satisfied. Cash dividend equivalents related to Units that are forfeited will be forfeited. (ii) With respect to Units subject to Employment Conditions and prior to vesting of such Units, an amount equal to the cash dividends paid with respect to the number of shares of Stock equal to such Units shall be paid to Participant as ordinary income through payroll. Any right to receive such cash dividend equivalents will terminate upon the forfeiture of the underlying Units. (iii) Participants will receive any stock dividends on the same basis as holders of Stock, except their dividends will be in the form of additional Units (and will vest to the extent the underlying Units with respect to which they were issued, vest). Any Units received by a recipient as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise, directly or indirectly, shall have the same status and be subject to this Agreement in the same manner as the underlying Unit with respect to which it was issued.
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Distributions with Respect to Stock. (i) Prior to vesting of the Units, no cash dividends shall be paid to Participant. (ii) Participants will receive any stock dividends on the same basis as holders of Stock, except their dividends will be in the form of additional Units (and will vest to the extent the underlying Units with respect to which they were issued, vest). Any Units received by a recipient as a stock dividend, or as a result of stock splits, recapitalizations, combinations, exchanges of shares, reorganizations, mergers, consolidations or otherwise, directly or indirectly, shall have the same status and be subject to this Agreement in the same manner as the underlying Unit with respect to which it was issued.
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Related to Distributions with Respect to Stock

  • Distributions with Respect to Unexchanged Shares No dividends or other distributions declared or made after the Effective Time with respect to Parent Common Stock with a record date after the Effective Time will be paid to the holder of any unsurrendered Certificate with respect to the shares of Parent Common Stock represented thereby until the holder of record of such Certificate shall surrender such Certificate. Subject to applicable law, following surrender of any such Certificate, there shall be paid to the record holder of the certificates representing whole shares of Parent Common Stock issued in exchange therefor, without interest, at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of Parent Common Stock.

  • Distributions with Respect to Unsurrendered Certificates No dividends or other distributions declared or made after the Effective Time with respect to Parent Common Stock with a record date after the Effective Time shall be paid to the holder of any unsurrendered Certificate with respect to the shares of Parent Common Stock represented thereby, and no cash payment in lieu of fractional shares shall be paid to any such holder pursuant to Section 2.2(e) until the holder of record of such Certificate shall surrender such Certificate. Subject to the effect, if any, of applicable laws, following surrender of any such Certificate, there shall be paid to the record holder of the certificates representing whole shares of Parent Common Stock issued in exchange therefor or such holder's transferee pursuant to Section 2.2(e), without interest, (i) at the time of such surrender, the amount of any cash payable in lieu of a fractional share of Parent Common Stock to which such holder is entitled pursuant to Section 2.2(e) and the amount of dividends or other distributions on Parent Common Stock with a record date after the Effective Time theretofore paid with respect to such whole shares of Parent Common Stock, and (ii) at the appropriate payment date, the amount of dividends or other distributions on Parent Common Stock with a record date after the Effective Time but prior to surrender and a payment date subsequent to surrender payable with respect to such whole shares of Parent Common Stock.

  • Obligations With Respect to Capital Stock Except as set forth in Section 3.2 or Part 3.3 of the Parent Disclosure Letter, there are no equity securities, partnership interests or similar ownership interests of any class of Parent equity security, or any securities exchangeable or convertible into or exercisable for such equity securities, partnership interests or similar ownership interests, issued, reserved for issuance or outstanding. All stock and rights to purchase stock of any subsidiary of Parent are owned free and clear of all Encumbrances. Except as set forth in Section 3.2 or Part 3.2 or Part 3.3 of the Parent Disclosure Letter, there are no subscriptions, options, warrants, equity securities, partnership interests or similar ownership interests, calls, rights (including preemptive rights), commitments or agreements of any character to which Parent or any of its subsidiaries is a party or by which it is bound obligating Parent or any of its subsidiaries to issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem or otherwise acquire, or cause the repurchase, redemption or acquisition of, any shares of capital stock, partnership interests or similar ownership interests of Parent or any of its subsidiaries or obligating Parent or any of its subsidiaries to grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, equity security, call, right, commitment or agreement. There are no registration rights, and there is no shareholder agreement, investor agreement, voting trust, proxy, rights agreement, "poison pill" anti-takeover plan or other agreement or understanding to which Parent is a party or by which it is bound with respect to any equity security of any class of Parent or with respect to any equity security, partnership interest or similar ownership interest of any class of any of its subsidiaries.

  • Distributions with Respect to Deposited Securities in Bearer Form Subject to the terms of this Article IV, distributions in respect of Deposited Securities that are held by the Depositary or the Custodian in bearer form shall be made to the Depositary for the account of the respective Holders of ADS(s) with respect to which any such distribution is made upon due presentation by the Depositary or the Custodian to the Company of any relevant coupons, talons, or certificates. The Company shall promptly notify the Depositary of such distributions. The Depositary or the Custodian shall promptly present such coupons, talons or certificates, as the case may be, in connection with any such distribution.

  • REPRESENTATIONS WITH RESPECT TO RULE 17F 5. The Foreign Custody Manager represents to the Fund that it is a U.S. Bank as defined in section (a)(7) of Rule 17f-5. The Fund represents to the Custodian that the Board has determined that it is reasonable for the Board to rely on the Custodian to perform the responsibilities delegated pursuant to this Agreement to the Custodian as the Foreign Custody Manager of the Portfolios.