Adjustment of Number of Performance Units Sample Clauses

The "Adjustment of Number of Performance Units" clause defines how the quantity of performance units granted under an agreement may be modified in response to certain events or conditions. Typically, this clause applies in situations such as stock splits, mergers, or other corporate actions that affect the underlying value or structure of the performance units. For example, if a company undergoes a stock split, the number of performance units held by a participant may be increased proportionally to maintain the same overall value. The core function of this clause is to ensure fairness and maintain the intended economic value of performance units despite changes in the company’s capital structure or other significant events.
Adjustment of Number of Performance Units. The number of Performance Units awarded to you pursuant to Section 2 shall be adjusted based on the achievement of the Performance Goal. On or before March 17, 2014, the Committee will determine whether the minimum RONOA has been met for the Performance Period. If so, the RONOA adjustment multiple will be calculated based on RONOA results for the Performance Period and the table in Section 3.2. The number of Performance Units granted pursuant to Section 2 will be multiplied by the RONOA adjustment multiple achieved, and the result shall be the final number of Performance Units awarded under this Agreement. All calculations shall be rounded down to the nearest whole Performance Unit; no fractional Performance Units shall be awarded.
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Adjustment of Number of Performance Units. The number of Performance Units awarded to you pursuant to Section 2 shall be adjusted based on the achievement of the Performance Goal. On or before March 15, 2016, the Committee will determine whether the minimum percentile rank of 25th percentile has been met for the Performance Period. If so, the adjustment multiple will be calculated based on percentile rank results for the Performance Period and the table in Section 3.4. The number of Performance Units granted pursuant to Section 2 will be multiplied by the adjustment multiple achieved, and the result shall be the final number of Performance Units awarded under this Agreement, subject to the cap in Section 3.6.4. All calculations shall be rounded down to the nearest whole Performance Unit; no fractional Performance Units shall be awarded.
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Adjustment of Number of Performance Units. Immediately prior to the Payment Date, the number of Performance Units upon which the amount of the Performance Unit-Based Award is based shall be adjusted by multiplying the number of vested Performance Units by (1) the Adjustment Ratio in effect as of the tenth trading day preceding such Payment Date and (2) the Payout Multiplier applicable to the Performance Unit-Based Award. Notwithstanding any other provision of this Agreement, but subject to the applicable requirements of any regulatory authority, the Committee hereby reserves the right to make any additional adjustments to the amounts payable pursuant to the Performance Unit-Based Award if, in the sole discretion of the Committee, such adjustments are appropriate in the circumstances having regard to the principal purposes of the Plan and this Agreement. Unless and until the Performance Unit-Based Award vests, the Grantee will have no right to payment with respect thereto. Prior to actual payment with respect to any vested portion of the Performance Unit-Based Award, the Performance Unit-Based Award will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
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Related to Adjustment of Number of Performance Units

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Grant of Performance Shares Pursuant to the provisions of (i) the Plan, (ii) the individual Award Agreement governing the grant, and (iii) these Terms and Conditions, the Employee may be entitled to receive Performance Shares. Each Performance Share that becomes payable shall entitle the Employee to receive from the Company one share of the Company's common stock (“Common Stock”) upon the expiration of the Incentive Period, as defined in Section 2, except as provided in Section 13. The actual number of Performance Shares an Employee will receive will be calculated in the manner described in these Terms and Conditions, including Exhibit A, and may be different than the Target Number of Performance Shares set forth in the Award Agreement.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares of Series Preferred purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.