Performance Units and Performance Shares Sample Clauses

The "Performance Units and Performance Shares" clause defines the terms under which employees or participants are granted performance-based equity awards, such as units or shares, that are contingent on meeting specific performance goals. Typically, these awards are allocated at the start of a performance period and vest or become payable only if certain financial, operational, or individual targets are achieved, such as reaching revenue milestones or hitting profitability metrics. This clause ensures that incentives are closely tied to measurable outcomes, aligning the interests of participants with the organization's objectives and motivating high performance.
Performance Units and Performance Shares. 15 (a) Grant of Performance Units/Shares 15 (b) Value of Performance Units/Shares 15 (c) Performance Objectives and Other Terms 15 (d) Earning of Performance Units/Shares 16
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Performance Units and Performance Shares. 9.1. GRANT OF PERFORMANCE UNITS/SHARES AND AWARD AGREEMENT.
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Performance Units and Performance Shares. Subject to adjustment as provided in Section 14, no Employee shall be granted within any fiscal year of the Company Performance Units or Performance Shares having a grant date value (assuming maximum payout) greater than ten million dollars ($10 million) or covering more than 1,000,000 Shares, whichever is greater; provided, however, that in connection with an Employee’s initial service as an Employee, an Employee may receive Performance Units or Performance Shares having a grant date value (assuming maximum payout) of up to an additional amount equal to ten million dollars ($10 million) or covering up to 1,000,000 Shares, whichever is greater. No Participant may be granted more than one award of Performance Units or Performance Shares for the same Performance Period.
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Performance Units and Performance Shares. 8.1 GRANT OF PERFORMANCE UNITS/SHARES. Subject to the terms of the Plan, Performance Units, and/or Performance Shares may be granted to Participants in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee.
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Performance Units and Performance Shares. In subsection (c) the words “applicable federal or state securities laws” shall be deleted and replaced with the words “any applicable laws”.
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Performance Units and Performance Shares. 16 9.1 Grant of Performance Units and Performance Shares 16 9.2 Value/Performance Goals 16 9.3 Earning of Performance Units and Performance Shares 17
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Performance Units and Performance Shares 
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Related to Performance Units and Performance Shares

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award.