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This excerpt taken from the CVS 8-K filed Jan 11, 2005. Share”) of Common Stock
($.01 par value) of the Company. Except for required tax withholding,
if applicable, such payment shall be in Shares. |
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| 3. | (a) To the extent dividends are paid on Shares while the RSUs remain outstanding and prior to the Settlement Date (as defined below), Participant shall be entitled to receive a cash payment in an amount equivalent to the cash dividends with respect to the number of Shares covered by the RSUs provided, however, that if such dividend is paid prior to an RSU’s vesting date, as set for the in Paragraph 4 below, the Participant shall not be entitled to any payment in respect of such dividend unless the Participant is still employed by the Company on such dividend payment date. | |
| (b) Participant hereby agrees that prior to the Settlement Date, amounts may be withheld by the Company from the dividend equivalent amounts referred to in Paragraph 3(a) thereof in order to effect applicable tax withholding in respect of such dividend equivalent payments. | ||
| 4. | Subject to the terms and conditions of the Plan and this Agreement, subject to Paragraph 5 below, and subject to Participant’s continued employment as of the relevant vesting date in accordance with Paragraph 2 above, Participant shall be entitled to receive (and the Company shall deliver to Participant) within 90 days following the relevant vesting date set forth below (such delivery date being hereafter referred to as the “ | |
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