Common use of Issuance of Performance Shares Clause in Contracts

Issuance of Performance Shares. The Performance Shares covered by this Agreement shall only result in the issuance of Shares (or cash or a combination of Shares and cash, as decided by the Committee in its sole discretion), after the completion of the Incentive Period and only if such Performance Shares are earned as provided in Section 2.3 of this Article 2.

Appears in 2 contracts

Sources: 2007 Participant Grant and Agreement (Cleveland Cliffs Inc), Participant Grant and Agreement (Cleveland Cliffs Inc)