dividend equivalent right

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Dividend Equivalent Right

In some employee stock options, the right of a shareholder to take more shares in the company for which he/she works in lieu of dividends on the shares he/she already holds.

dividend equivalent right

In incentive stock options, the right to a credit for additional shares for the value of dividends a firm pays on its shares.
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Non-interest expenses in the 2004 first quarter were $1,707,000 higher than the 2003 first quarter due primarily to the expense of the 2003 recognition and retention plan, dividend equivalent rights, a new branch office and operations related to indirect automobile lending activity.
The Company issues stock options to employees, the majority of which have dividend equivalent rights.
The awards may be in the form of stock options, reload options, limited stock appreciation rights and/or dividend equivalent rights.