Common use of Number of Units Awarded Clause in Contracts

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2011 through 2013 (October 1, 2010 through September 30, 2013). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ , the percentage of Units earned would be 125% of the number of Units originally granted. Below Threshold Less than ____ 0 % Threshold ____ 50 % Target ____ 100 % Maximum ____ 150 %

Appears in 1 contract

Sources: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2009 through 2011 through 2013 (October 1, 2010 2008 through September 30, 20132011). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ $____, the percentage of Units earned would be 125% of the number of Units originally granted. Below Threshold Less than ____ 0 % Threshold ____ 50 % Target ____ 100 % Maximum ____ 150 %.

Appears in 1 contract

Sources: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2011 2010 through 2013 2012 (October 1, 2010 2009 through September 30, 20132012). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ $7.06, the percentage of Units earned would be 125% of the number of Units originally granted. Below Threshold Less than $____ 0 % Threshold $____ 50 % Target $____ 100 % Maximum $____ 150 %

Appears in 1 contract

Sources: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2011 2019 through 2013 2021 (October 1, 2010 2018 through September 30, 20132021). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ , the percentage of Units earned would be 125% of the number of Units originally granted. Below Threshold Less than ____ 0 % Threshold ____ 50 % Target ____ 100 % Maximum ____ 150 %Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 2019-2021

Appears in 1 contract

Sources: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2011 2018 through 2013 2020 (October 1, 2010 2017 through September 30, 20132020). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ $_______, the percentage of Units earned would be 125_____% of the number of Units originally granted. Below Threshold Less than ____ 0 % Threshold ____ 50 % Target ____ 100 % Maximum ____ 150 %Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 2018-2020

Appears in 1 contract

Sources: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)