Performance Stock Unit Award Agreement Clause Samples
A Performance Stock Unit Award Agreement is a contractual provision that grants an employee the right to receive company shares based on the achievement of specific performance goals over a set period. Typically, these agreements outline the performance metrics, vesting schedule, and conditions under which the stock units are earned and distributed. By clearly defining the terms for earning equity, this clause incentivizes employees to meet organizational objectives and aligns their interests with those of the company, while also providing a structured framework for equity compensation.
Performance Stock Unit Award Agreement. The Company wishes to grant to the Participant named in Part I of this Agreement (the “Notice of Grant”) a Performance Stock Unit Award (the “Award”) pursuant to the provisions of the Plan. This Award will entitle the Participant to Shares from the Company if the Participant meets the vesting requirements described herein.
Performance Stock Unit Award Agreement. You have been selected to be a participant in the RBB Bancorp 2017 Omnibus Stock Incentive Plan (the “Plan”), as specified below: Participant: _____________________ Target Performance Stock Unit(PSU) Award: ______ units Performance Period: ______________ to ________________ Performance Measure: Total Shareholder Return (“TSR”)
Performance Stock Unit Award Agreement. Participant: [Recipient Name] We are pleased to inform you that ServiceSource International, Inc. (the “Company”) has made an award of performance-vested restricted stock units to you (the “Performance Stock Units”) as indicated in this Performance Stock Unit Award Agreement (this “Award Agreement”). The Performance Stock Units are issued pursuant to the Company’s 2020 Equity Incentive Plan (the “Plan”) and are subject to and governed by the Plan generally. All capitalized terms not defined herein shall have the meanings given to such terms in the Plan.