; and (II) performs services or provides goods pursuant to the contract described in subclause (I)(cc); and (v) an employee who is employed by an employer— (I) other than the covered issuer; (II) that is privately held; and (III) that has a relationship or arrangement with the covered issuer such that the employer is a franchisee and the covered issuer is a franchisor; and (B) does not include an executive officer of a covered issuer. (b) Requirements (1) Calculation of worker dividend For the purposes of the requirements of this section, for a fiscal year (referred to in this section as the covered year ), the payment described in paragraph (3)(A) shall be calculated as follows: (A) Adding the following amounts: (i) In that covered year, the total amount spent by the covered issuer on the purchase of common stock (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) of the covered issuer, without regard to the means or method used by the covered issuer to effect that purchase. (ii) The total amount of any increase in ordinary dividends declared and paid by the covered issuer in the covered year with respect to the common stock of the covered issuer, as compared with that amount in the fiscal year preceding the covered year. (iii) The total amount spent by the covered issuer in the covered year on special or 1-time dividends with respect to the common stock of the covered issuer. (B) Dividing the sum obtained under subparagraph (A) by 1,000,000. (2) Reporting Each covered issuer shall— (A) in each Form 10–K submitted by the covered issuer, disclose, with respect to the covered year to which the submission applies— (i) each component of the calculation described in paragraph (1), and the total amount of that calculation, if that calculation results in an amount that is greater than zero; and (ii) the number of eligible workers with respect to the covered issuer, which the covered issuer shall identify by type of worker and employer