Common use of Dividend Equivalent RSUs Clause in Contracts

Dividend Equivalent RSUs. With respect to any cash dividend paid by the Company with respect to Shares for which the record date occurs while the Award remains outstanding and that occurs on or after the beginning of the first calendar quarter commencing after the Date of ▇▇▇▇▇, on the payment date of such dividend the number of RSUs then underlying the Award shall be increased by a number of additional dividend equivalent RSUs equal to the quotient (rounded down to the nearest whole number of RSUs) of (a) the product of (i) the dollar amount of the cash dividend paid per Share on such date, multiplied by (ii) the number of RSUs that remain outstanding and subject to the Award as of such date, divided by (b) the closing price of a Share on The Nasdaq Global Select Market on such date. Any such additional dividend equivalents shall be subject to the same terms and conditions, and shall be earned and vested, and be settled or forfeited, in the same manner and at the same time, as the RSUs with respect to which they have been credited.