Reinvested Dividends

Reinvested Dividends. With respect to each cash dividend or distribution (if any) paid with respect to shares of Forestar common stock to shareholders of record on and after the Date of Grant, an amount equal to the quotient of (i) the product of (A) the amount of such cash dividends or distributions paid with respect to one share of Forestar common stock, multiplied by (B) the number of MSUs subject to this Award Agreement that vested under the Time-Based Vesting Requirement; divided by (ii) the product of (A) the... fair market value of one share of Forestar common stock as of the applicable dividend record date, multiplied by (B) the number of MSUs subject to this Award Agreement that vested under the Time-Based Vesting Requirement. View More

Reinvested Dividends. Means the value of reinvested dividends paid on the Company's Common Stock over the Measurement Period (as defined in paragraph 5)