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Common use of Increases Prohibited Clause in Contracts

Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Share Award or Performance Unit Award.

Appears in 3 contracts

Sources: 2016 Omnibus Incentive Plan (Energy Hunter Resources, Inc.), 2006 Omnibus Incentive Plan (Weatherford International LTD), 2010 Omnibus Incentive Plan (Weatherford International LTD)

Related Clauses

  • USES PROHIBITED
  • Gifts Prohibited
  • ADVANCE PAYMENTS PROHIBITED
  • Restrictive Agreements Prohibited
  • Assignment Prohibited

Parent Clauses

  • Performance Stock Awards and Performance Unit Awards
  • Annual Incentive Awards
  • Performance Share Awards and Performance Unit Awards
  • Section 162(m)
  • Restrictions on Stock Received

Sub-Clauses

  • Gender and Number
  • Performance Goals
  • Payment of Cash-Based Award
  • Decisions Binding
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