Common use of Nature of Distribution Clause in Contracts

Nature of Distribution. I recognize that distributions in respect of my Account will be made (i) in the form of one Share for each Deferred Share Unit credited to my Account by virtue of this Deferral Election, and (ii) a cash payment with respect to each Share that I receive pursuant to paragraph 2(f)(i) hereof, in an amount equal to the cash dividends declared and paid on the Company’s outstanding Shares between the date the Deferred Share Unit in respect of such Share was credited to my Account and the issuance of the Share to me. Cash shall also be paid in lieu of fractional Shares.

Nature of Distribution. I recognize that distributions in respect of my Account will be made (i) in the form of one Share for each Deferred Share Unit credited to my Account by virtue of this Deferral Election, and (ii) a cash payment with respect to each Share that I receive pursuant to paragraph 2(f)(i2(d)(i) hereof, hereof in an amount equal to the cash dividends declared and paid on the Company’s 's outstanding Shares between the date the Deferred Share Unit in respect of such Share was credited to my Account and the issuance of the Share Shares to me. Cash shall also be paid in lieu of fractional Shares.