Dividend Equivalent Amounts. Dividends shall be credited to an RSU dividend book entry account on behalf of the Participant with respect to each RSU held by the Participant, provided that the right of the Participant to be entitled to and actually receive such dividend shall be subject to the same restrictions as the RSU to which the dividend relates and shall be paid to the Participant at the same time the Participant receives the payment of the shares of Common Stock under the RSU in accordance with Section 4. Unless otherwise determined by the Board, cash dividends shall not be reinvested in Common Stock and shall remain uninvested and without interest.
Appears in 3 contracts
Sources: Restricted Stock Unit Award Agreement (Global Net Lease, Inc.), Restricted Stock Unit Award Agreement (Global Net Lease, Inc.), Restricted Stock Unit Award Agreement (American Realty Capital Trust V, Inc.)