Amount of Performance Unit Award Earned Sample Clauses

The "Amount of Performance Unit Award Earned" clause defines how many performance units an individual is entitled to receive based on the achievement of specified performance goals. Typically, this clause outlines the criteria or metrics that must be met, such as financial targets or operational milestones, and describes the calculation method for determining the final award amount. Its core function is to ensure transparency and fairness in the allocation of performance-based compensation, aligning employee incentives with organizational objectives and providing a clear framework for reward distribution.
Amount of Performance Unit Award Earned. If not previously forfeited, as of the end of the Performance Cycle and upon the Company’s public disclosure of its financial results for the last Performance Year of the Performance Cycle, the Participant shall vest in and have a nonforfeitable right to the percentage of Performance Units that equals the average of the Achievement Percentages attained for each Performance Year in the Performance Cycle that corresponds with the EPS Performance Level Achieved for each such year as set forth in the table below. Achievement Percentage 50% 100% 200% Achievement Percentage 50% 100% 200% The Achievement Percentage for each Performance Year shall be interpolated to the actual EPS achieved for that Performance Year; provided, however, that if the actual EPS achieved for any Performance Year is (i) less than the corresponding threshold level set forth above, the Achievement Percentage for such Performance Year shall be 0% or (ii) greater than the corresponding maximum level set forth above, the Achievement Percentage for such Performance Year shall be 200%. As described above, the percentage of Performance Units that shall vest at the end of the Performance Cycle shall be calculated by averaging the Achievement Percentages attained for each Performance Year in the Performance Cycle. By way of example, but not limitation: · If the actual EPS Performance Level Achieved for each of 2012 and 2013 was $____ and $_____, respectively, the corresponding Achievement Percentages for each of 2012 and 2013 would be _____% and ______%, respectively. · Based on the foregoing, the percentage of Performance Units that would vest at the end of the Performance Cycle would be the average of the Achievement Percentages, or ______%. · As a result, the Performance Units earned would equal _____ multiplied by ______%, or _______ Performance Units. · Of the ______ Performance Units earned, the Participant would be entitled to receive (a) $_______ (calculated by multiplying ______ Performance Units by $_____ and multiplying the product by 50%), and (b) $_______ (calculated by multiplying _______ Performance Units by $1.00 and multiplying the product by 50%, then, dividing by $________, the Fair Market Value of the Company's Common Stock as of the Date of Grant, and then, multiplying by $______, the Fair Market Value of the Company's Common Stock as of the end of the Performance Cycle). For purposes of this example, we are assuming a Fair Market Value of $_______ as of the end of the Perfor...
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Amount of Performance Unit Award Earned. If not previously forfeited, on ___, a participating executive shall vest in and have a non-forfeitable right to that percentage of the Performance Units, as described above, corresponding to the R▇▇▇▇ Target achieved, as set forth in the table below, rounded up to the next whole share in each such case. R▇▇▇▇ is ___% or greater 150 % R▇▇▇▇ is ___% 125 % R▇▇▇▇ is ___% 100 % R▇▇▇▇ is ___% 75 % R▇▇▇▇ is ___% 50 % R▇▇▇▇ is less than ___% 0 % The percentage of the Performance Units which shall vest if Tandy Brands achieves a (i) R▇▇▇▇ of more than ___% but less than ___%, (ii) R▇▇▇▇ of more than ___% but less than ___%, (iii) R▇▇▇▇ of more than ___% but less than ___%, or (iv) R▇▇▇▇ of more than ___% but less than ___% shall be determined by the Committee using a straight line connecting ___% and ___%, another straight line connecting ___% and ___%, another straight line connecting ___% and ___%, and another straight line connecting ___% and ___%, so that the Performance Units which will vest is interpolated to the actual R▇▇▇▇ achieved.
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Amount of Performance Unit Award Earned. If not previously forfeited, on June 30, 2009, the Participant shall vest in and have a nonforfeitable right to that percentage of the Performance Units, as described above, corresponding to the R▇▇▇▇ Target achieved, as set forth in the table below, rounded up to the next whole share in each such case. R▇▇▇▇ is ___% or greater 150% R▇▇▇▇ is ___% 125% R▇▇▇▇ is ___% 100% R▇▇▇▇ is ___% 75% R▇▇▇▇ is ___% 50% R▇▇▇▇ is less than ___% 0% The percentage of the Performance Units which shall vest if the Company achieves a (i) R▇▇▇▇ of more than ___% but less than ___%, (ii) R▇▇▇▇ of more than ___% but less than ___%, (iii) R▇▇▇▇ of more than ___% but less than ___%, or (iv) R▇▇▇▇ of more than ___% but less than ___% shall be determined by the Committee using a straight line connecting ___% and ___%, another straight line connecting ___% and ___%, another straight line connecting ___% and ___%, and another straight line connecting ___% and ___%, so that the Performance Units which will vest is interpolated to the actual R▇▇▇▇ achieved.
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Related to Amount of Performance Unit Award Earned

  • 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 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 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.

  • 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.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.