Dividend Equivalent Units. The following provision supplements Section 2(d) of the Agreement: Any Dividend Equivalent Units shall be held by a global stock plan administrator or the Trustee, and any Stock allocated or issued upon the vesting of the Dividend Equivalent Units shall only be transferred and held by the Trustee in trust for the benefit of the Participant. The Trustee shall be entitled to withhold taxes according to any requirement under applicable laws, rules, tax rulings and regulations.
Appears in 3 contracts
Sources: Global Restricted Stock Unit Agreement (Yum Brands Inc), Global Restricted Stock Unit Agreement (Yum Brands Inc), Global Restricted Stock Unit Agreement (Yum Brands Inc)
Dividend Equivalent Units. The following provision supplements Section 2(d) of the Agreement: Any Dividend Equivalent Units shall be held by a global stock plan administrator or the Trustee, and any Stock allocated or issued upon the vesting of the Dividend Equivalent Units shall only be transferred and held by the Trustee in trust for the benefit of the Participant. The Trustee shall be entitled to withhold taxes according to any requirement under applicable laws, rules, tax rulings and regulations.
Appears in 3 contracts
Sources: Global Restricted Stock Unit Agreement (Yum Brands Inc), Global Restricted Stock Unit Agreement (Yum Brands Inc), Global Restricted Stock Unit Agreement (Yum Brands Inc)