R▇▇ Performance Stock Clause Samples

R▇▇ Performance Stock. Example. Executive A receives a R▇▇ Target Award of 200 shares. Over the three complete fiscal years preceding the R▇▇ Performance Cycle, the 50th percentile level of R▇▇ Performance for NYSE-listed companies (Threshold R▇▇ Performance) is 10.4 percent, the 62nd percentile (Target R▇▇ Performance) is 13.8 percent and the 84th percentile (Maximum R▇▇ Performance) is 24.5 percent. If ElkCorp’s Actual R▇▇ Performance is 12.0 percent, then Executive A will be entitled to a payout of R▇▇ Performance Stock at the end of the R▇▇ Performance Cycle of 95 shares of ElkCorp Common Stock (200 shares X (12.0 – 10.4) ÷ (13.8 – 10.4)). If ElkCorp’s Actual R▇▇ Performance is 16.7 percent, then Executive A will be entitled to a payout of R▇▇ Performance Stock at the end of the R▇▇ Performance Cycle of 228 shares of ElkCorp Common Stock (200 shares X (1 + ((16.7 – 13.8) ÷ (24.5 – 13.8) X 0.50)). The R▇▇ Performance Stock is issued to Executive A whether or not TSR Performance Stock is earned or issued.
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Related to R▇▇ Performance Stock

  • 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 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 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.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.