Define: Dividend Equivalents
What does "Dividend Equivalents" mean? The meaning differs based on the contract. We found 5 definitions across 4 companies in SEC filings.
Definition 1 (AUTOMATIC DATA PROCESSING INC, seen in 1 filing)
Dividend Equivalents means with respect to each Deferred Stock Unit, an amount equal to the cash dividends, if any, that would have been paid with respect to such Deferred Stock Unit, if such Deferred Stock Unit were a share of Common Stock.
Source: AUTOMATIC DATA PROCESSING INC 10-Q
Definition 2 (AMGEN INC, seen in 1 filing)
Dividend Equivalents means amounts equivalent to cash dividends paid on Shares.
Source: AMGEN INC 10-K
Definition 3 (Salesforce, Inc., seen in 1 filing)
Dividend Equivalents means a right equal to the value of any cash dividends paid on the Shares for which the record date occurs during the period commencing on the Grant Date and ending prior to the date the Restricted Stock Units (or portion thereof) are settled.
Source: Salesforce, Inc. 10-Q
Definition 4 (Salesforce, Inc., seen in 1 filing)
Dividend Equivalents means a right to receive the equivalent cash value of any cash dividends paid on the Shares underlying the Restricted Stock Units that are outstanding during such period.
Source: Salesforce, Inc. 10-Q
Definition 5 (VISA INC., seen in 1 filing)
Dividend Equivalents means amounts equivalent to regular cash dividends that would otherwise be paid on the Share underlying such Restricted Stock Unit during the period from the Grant Date to the date on which such Restricted Stock Unit is settled.
Source: VISA INC. 10-K
Data extracted from 7 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.