Common use of Performance Unit Clause in Contracts

Performance Unit. The value of a single Performance Unit shall equal $1.00. Each Performance Unit shall be comprised 50% of cash and 50% of phantom shares of the Common Stock of the Company, subject to adjustment in accordance with Section 14 of this Award Agreement. The number of phantom shares of Common Stock attributable to the Award shall be determined based upon the Fair Market Value of the Common Stock of the Company on the date of grant, which was $_____.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)

Performance Unit. The value of a single Performance Unit shall equal $1.00_____. Each Performance Unit shall be comprised 50% of cash and 50% of phantom shares of the Common Stock of the Company, subject to adjustment in accordance with Section 14 of this Award Agreement. The number of phantom shares of Common Stock attributable to the Award shall be determined based upon the Fair Market Value of the Common Stock of the Company on as of the date Date of grantGrant, which was $______.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)

Performance Unit. The value of a single Performance Unit shall equal $1.00_____. Each Performance Unit shall be comprised 50% of cash and 50% of phantom shares of the Common Stock of the Company, subject to adjustment in accordance with Section 14 of this Award Agreement. The number of phantom shares of Common Stock attributable to the Award shall be determined based upon the Fair Market Value of the Common Stock of the Company on as of the date Date of grantGrant, which was $________.

Appears in 1 contract

Sources: Performance Unit Award Agreement (Tandy Brands Accessories Inc)