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This excerpt taken from the SMG 10-Q filed May 6, 2009. DIVIDEND
EQUIVALENTS. With respect to each dividend
equivalent:
(i) If
a cash dividend is declared and paid on the Shares underlying the DSUs, you will
receive an additional number of DSUs equal to the quotient of:
(A) the
product of (I) the number of DSUs granted under this Award Agreement (including
additional DSUs previously received in accordance with this Section 3(e)) that
have not been settled as of the dividend payment date, multiplied by (II) the
amount of the cash dividend paid per Share; divided by
(B) the
Fair Market Value (which shall be equal to the closing price) of a Share on the
date such cash dividend is paid.
Any
additional DSU credited pursuant to this Section 3(e)(i) shall be subject to the
same terms and conditions as the DSUs granted pursuant to Section 1
above.
(ii) If
a Share dividend is declared and paid on the Shares underlying the DSUs, you
will receive an additional number of DSUs equal to the product of (A) the number
of DSUs granted under this Award Agreement (including additional DSUs previously
received in accordance with this Section 3(e)) that have not been settled as of
the dividend payment date, multiplied by (B) the dividend paid per
Share. Any additional DSUs credited pursuant to this Section 3(e)(ii)
shall be subject to the same terms and conditions as the DSUs granted pursuant
to Section 1 above.
(iii) Any
fractional number of DSUs resulting from the calculations under this Section
3(e) shall be rounded to the nearest whole Share.
(f) |
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