Common use of Performance Share Unit Award Clause in Contracts

Performance Share Unit Award. The Company hereby grants to the Participant this Performance Share Unit Award for the Number of Performance Share Units specified above. Each Performance Share Unit represents the right to receive one share of Common Stock ("Share"), subject to the terms and conditions set forth in this Agreement and the Plan. The Number of Performance Share Units that become Earned Performance Share Units is based on the achievement of the Performance Measures described in Section 4 during the Performance Period described in Section 3.

Appears in 2 contracts

Sources: Performance Share Unit Grant Agreement (Arthur J. Gallagher & Co.), Performance Share Unit Grant Agreement (Arthur J. Gallagher & Co.)

Performance Share Unit Award. The Company hereby grants to the Participant this Performance Share Unit Award for the Number of Performance Share Units specified above. Each Performance Share Unit represents the right to receive one share of Common Stock ("Share")Stock, subject to the terms and conditions set forth in this Agreement and the Plan. The Number of Performance Share Units that become Earned Performance Share Units is based on the achievement of the Performance Measures described in Section 4 3 during the Performance Period described in Section 32.

Appears in 1 contract

Sources: Performance Share Unit Grant Agreement (Gallagher Arthur J & Co)