JCPenney 2015 Annual Report Download - page 129
Download and view the complete annual report
Please find page 129 of the 2015 JCPenney annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
 |
 |
applicable vesting date provided in the vesting table above. You will
not be allowed to defer the payment of Your shares of Common Stock
to a later date.
You will not have any rights as a stockholder until Your Restricted
Stock Units vest and You are issued shares of Common Stock in
cancellation of the vested Restricted Stock Units. You will, however,
accrue dividend equivalents on the unvested Restricted Stock Units in
the amount of any quarterly dividend declared on the Common Stock.
Dividend equivalents will continue to accrue until Your Restricted
Stock Units vest and You receive actual shares of Common Stock in
cancellation of the vested Restricted Stock Units. The dividend
equivalents will be credited as additional Restricted Stock Units in
Your account to be paid out in shares of Common Stock on the
vesting date along with the Restricted Stock Units to which they
relate. The number of additional Restricted Stock Units to be credited
to Your account will be determined by dividing the aggregate dividend
payable with respect to the number of Restricted Stock Units in Your
account by the Fair Market Value of the Common Stock on the
dividend record date. The additional Restricted Stock Units credited to
Your account are subject to all of the terms and conditions of this
Restricted Stock Unit award and You will forfeit Your additional
Restricted Stock Units in the event that You forfeit the Restricted
Stock Units to which they relate.