Grant of Performance Based Restricted Share Units Clause Samples

Grant of Performance Based Restricted Share Units. Section 2.1 Grant of the Performance-Based Restricted Share Units
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Grant of Performance Based Restricted Share Units. Section 2.1 - Grant of the Performance-Based Restricted Share Units Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement including any country-specific provisions set forth in Schedule A to this Agreement, and, if applicable, the restrictive covenants set forth in Schedule B to the Agreement, the Company hereby grants to the Associate the target number of PRSUs specified in a schedule to the Agreement or as stated in the Associate’s online account with the Company’s designated broker/stock plan administrator. In circumstances where the Associate is required to enter into the Agreement of Restrictive Covenants and Other Obligations set forth in Schedule B, the Associate agrees that the grant of PRSUs pursuant to this Agreement is sufficient consideration for the Associate entering into such agreement.
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Grant of Performance Based Restricted Share Units. On 9 March 2021, the Company granted a total of 734,812 RSUs pursuant to the Restricted Share Unit Scheme and a total of 169,200 PSUs pursuant to the Performance-based Restricted Share Unit Scheme. On 9 March 2021, the Company granted a total of 734,812 RSUs pursuant to the Restricted Share Unit Scheme, representing approximately 0.211% of the issued share capital of the Company as at the date of this announcement. The closing price of the Share on the date of the grant was HK$16.42. A summary of the terms of the Restricted Share Unit Scheme was set out in the section headed “Statutory and General Information — E. Long Term Incentive Plan — II. RSU Scheme” in Appendix VI to the prospectus of the Company dated 24 September 2015. In particular: (a) the grantees are not required to pay for the grant of RSUs or issuance of any Share upon settlement of the vested RSUs under the Restricted Share Unit Scheme; (b) each of the RSUs granted represents the right to receive one Share on the date it vests; (c) the RSUs do not carry any right to vote at general meetings of the Company, or any dividend, transfer or other rights; and (d) the grantees shall not enjoy any rights of a Shareholder by virtue of the grant of any RSUs unless and until the Shares underlying such RSUs are actually allotted and issued or transferred (as the case may be) to the grantees upon the vesting of such RSUs. The Company has appointed a professional trustee to assist with the administration and vesting of RSUs. The trustee shall make on-market purchases of Shares to satisfy the RSUs granted to the Company’s Directors upon vesting. The Company will provide sufficient funds to the trustee as the Board may in its absolute discretion determine to enable the trustee to satisfy its obligations in connection with the administration and vesting of RSUs granted. Among the total of 734,812 RSUs, 485,267 RSUs are granted to Executive Directors of the Company, details of which are as follows: Name Position Monetary Value of RSU Grants Number of RSU Granted(1) ▇▇▇▇▇ ▇▇▇ Executive Director and Chief Executive Officer US$643,107 Standard grant: 221,499(2) One-time grant: 95,051(3) ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Executive Director, Chief Financial Officer and Chief Operating Officer US$78,000 One-time grant: 38,393(3) ▇▇▇-▇▇▇ ▇▇▇▇ (▇▇▇▇▇▇) Executive Director and Chief Marketing Officer US$265,500 Standard grant: 92,291(2) One-time grant: 38,393(3) Other employees N/A US$506,250 Standard grant: 249,185(2) (1) Based on H...
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Grant of Performance Based Restricted Share Units. Pursuant to the Blockbuster Inc. Amended and Restated 1999 Long-Term Management Incentive Plan (as amended through October 6, 2004) or 2004 Long-Term Management Incentive Plan (as amended through October 6, 2004) (either of which is referred to as the “Plan”) and a duly adopted resolution of the Board of Directors (the “Board”) of the Company, the Company hereby agrees to grant to the Participant a Performance Award of Restricted Share Units (the “Performance-Based Restricted Share Units”), subject to the terms and conditions set forth in this Agreement and in the Plan. The target number of Restricted Share Units that may be granted to the Participant is identified in the Participant’s personalized grant letter prepared and delivered to the Participant in connection with the Performance Award (the “Target Grant”). If and when the performance goals described below are met, the actual number of Performance-Based Restricted Share Units granted to the Participant may be [Description of Range] of the Target Grant. This Agreement and the Grant hereunder are subject to the Participant’s valid acceptance of his or her Performance Award and the terms of this Agreement in accordance with the procedures provided by the Company. The Date of Grant, if any, of the Performance-Based Restricted Share Units will be [Date of Grant].
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Grant of Performance Based Restricted Share Units 
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Related to Grant of Performance Based Restricted Share Units

  • 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.

  • 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 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.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.