Performance Share Unit Grant Agreement Sample Contracts
ContractPerformance Share Unit Grant Agreement • February 2nd, 2021 • M.D.C. Holdings, Inc. • Operative builders • Delaware
The Compensation Committee (the “Committee”) of M.D.C. Holdings, Inc., a Delaware corporation (the “Company”), awards performance share units (“PSUs”) under the Company’s 2011 Equity Incentive Plan (the “Plan”) to the Employee named below. This Amended and Restated Performance Share Unit Grant Agreement (the “Agreement”) evidences the terms and conditions of the Company’s award and the PSUs constitute “qualified performance based compensation and other stock-based awards” under Sections 9 and 10 of the Plan. This Agreement was originally effective as of the Award Date set forth below, and, subject to Section 22 below, is now amended and restated in its entirety effective as of November __, 2020 (the “Restatement Date”).
PERFORMANCE SHARE UNIT GRANT AGREEMENT UNDER THE EXECUTIVE LONG-TERM INCENTIVE PLAN, UNDER THE BUSINESS OFFICER EQUITY PROGRAM PURSUANT TO THE 2022 OMNIBUS STOCK PLAN AND LONG-TERM INCENTIVE PLANPerformance Share Unit Grant Agreement • December 7th, 2023 • John Wiley & Sons, Inc. • Books: publishing or publishing & printing
To recognize and reward your contribution toward the long-term success of John Wiley & Sons, Inc. (Wiley or Company), you have been granted this performance share unit award (Award) under the Executive Long-Term Incentive Plan or the Business Officer Equity Program (together herein defined as Program), pursuant to the Company’s 2022 Omnibus Stock Plan and Long-Term Incentive Plan (Plan). The Award represents the right to receive shares of the Company’s Class A Common Stock (Shares) that are subject to achievement of the performance criteria and of the vesting conditions set forth in this agreement (Agreement).
ContractPerformance Share Unit Grant Agreement • August 25th, 2023 • M.D.C. Holdings, Inc. • Operative builders • Delaware
The Compensation Committee (the “Committee”) of M.D.C. Holdings, Inc., a Delaware corporation (the “Company”), awards performance share units (“PSUs”) under the Company’s 2021 Equity Incentive Plan (the “Plan”) to the Employee named below. This Performance Share Unit Grant Agreement (the “Agreement”) evidences the terms and conditions of the Company’s award and the PSUs constitute “performance based compensation and other stock-based awards” under Sections 9 and 10 of the Plan. This Agreement is effective as of the Award Date.
PERFORMANCE SHARE UNIT PLAN FOR EMPLOYEES OF ENCANA CORPORATION [U.S. EXECUTIVE] 20● PSU GRANT AGREEMENTPerformance Share Unit Grant Agreement • February 26th, 2018 • Encana Corp • Crude petroleum & natural gas
This Grant Agreement including Schedules “A” and “B” hereto (collectively, this “Agreement”) is between you, an eligible employee of the Corporation or an Affiliate (“Participant” or “You”) and Encana Corporation or an Affiliate thereof (the “Corporation”).
Huntington Bancshares Incorporated Performance Share Unit Grant Agreement Employee Name: [Participant Name] Target Number of Performance Share Units Subject to Grant: [Shares Granted] Date of Award: [Date] Closing Price on Award Date: [Price]Performance Share Unit Grant Agreement • July 30th, 2014 • Huntington Bancshares Inc/Md • National commercial banks • Ohio
THIS PERFORMANCE SHARE UNIT GRANT AGREEMENT (this “Agreement”) is made as of the date in the box above labeled “Date of Grant” by Huntington Bancshares Incorporated, a Maryland corporation and its subsidiaries (the “Company”), and is hereby communicated to the employee named in the box above (the “Employee”). Undefined capitalized terms used in this Agreement shall have the meanings set forth in the Company’s 2012 Long-Term Incentive Plan as may be amended from time to time (the “Plan”).
Talisman Energy Inc. Performance Share Unit Grant Agreement for U.S. Participants and Eligible Employees of Talisman Energy Services Inc.Performance Share Unit Grant Agreement • December 12th, 2011 • Talisman Energy Inc • Crude petroleum & natural gas
Talisman Energy Inc. (“Talisman”) has established the Performance Share Unit Plan for Eligible Employees of Talisman Energy Inc. and its Affiliates effective April 1, 2009 (the “Plan”) under which Grants of performance share units (“PSUs”) may be made to Eligible Employees of Talisman and its Affiliates at the discretion of the Human Resources Committee (the “Committee”).
Targa Resources Corp. 2010 Stock Incentive Plan Performance Share Unit Grant AgreementPerformance Share Unit Grant Agreement • February 20th, 2025 • Targa Resources Corp. • Natural gas transmission • Delaware
Form of Arthur J. Gallagher & Co. Performance SHARE Unit GRANT AgreementPerformance Share Unit Grant Agreement • February 9th, 2024 • Arthur J. Gallagher & Co. • Insurance agents, brokers & service • Delaware
Earned Performance Share Units The number of Earned Performance Share Units subject to this Performance Share Unit Award shall be based on achievement of the Performance Measures during the Performance Period pursuant to Section 4 of this Agreement.
To: John J. Granato Date: May 1, 2012 Subject: The Andersons, Inc. 2012 Performance Share Unit Grant Letter of AgreementPerformance Share Unit Grant Agreement • May 9th, 2012 • Andersons Inc • Wholesale-farm product raw materials
You have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of April 30, 2012.
BALCHEM CORPORATION PERFORMANCE SHARE UNIT GRANT AGREEMENTPerformance Share Unit Grant Agreement • April 24th, 2025 • Balchem Corp • Chemicals & allied products • Maryland
This PERFORMANCE SHARE UNIT GRANT AGREEMENT (the “Agreement”) made as of this _________th day of _____________, is between Balchem Corporation, a Maryland corporation (the “Company”) and ________________ (“Grantee”).
To: Date: March 2, 2011 Subject: The Andersons, Inc.Performance Share Unit Grant Agreement • May 6th, 2011 • Andersons Inc • Wholesale-farm product raw materials
You have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of March 1, 2011.
ATLAS ENERGY SOLUTIONS INC. Long Term Incentive Plan Performance Share Unit Grant AgreementPerformance Share Unit Grant Agreement • May 8th, 2024 • Atlas Energy Solutions Inc. • Crude petroleum & natural gas • Delaware
XYLEMPerformance Share Unit Grant Agreement • April 29th, 2025 • Xylem Inc. • Pumps & pumping equipment • Indiana
This Agreement (the “Agreement”) between Xylem Inc. (the “Company”) and ###PARTICIPANT_NAME### (the “Participant”) is effective as of ###GRANT_DATE###. Capitalized terms that are not defined in this Agreement are defined in the Company’s 2011 Omnibus Incentive Plan (Amended and Restated on February 24, 2016) (the “Plan”). This Agreement is only being provided in English. The Participant is an employee of the Company or an Affiliate. In recognition of the Participant’s valued services, the Company, through the Leadership Development and Compensation Committee of its Board of Directors (the “Committee”), is providing the Participant an inducement to remain employed and an incentive for increased efforts while employed. In consideration of the terms and conditions in this Agreement, the parties agree as follows:
PERFORMANCE SHARE UNIT GRANT AGREEMENT UNDER THE SOUTHWEST GAS HOLDINGS, INC. OMNIBUS INCENTIVE PLANPerformance Share Unit Grant Agreement • April 4th, 2023 • Southwest Gas Corp • Natural gas transmisison & distribution
This Performance Share Unit Grant Agreement (“Grant Agreement”) is dated as of February ___, 2023, by and between Southwest Gas Holdings, Inc., a Delaware corporation (the "Company"), and ________ ("Grantee"), pursuant to the Company's Omnibus Incentive Plan (the "Plan"). Capitalized terms that are used, but not defined, in this Grant Agreement shall have the meaning set forth in the Plan, and the Plan is incorporated by reference into this Grant Agreement.
Huntington Bancshares Incorporated Stock Option Grant AgreementPerformance Share Unit Grant Agreement • July 29th, 2016 • Huntington Bancshares Inc/Md • National commercial banks • Ohio
THIS PERFORMANCE SHARE UNIT GRANT AGREEMENT (this “Agreement”) is made as of the date in the box above labeled “Date of Grant” by Huntington Bancshares Incorporated, a Maryland corporation and its subsidiaries (the “Company”), and is hereby communicated to the employee named in the box above (the “Employee”). Undefined capitalized terms used in this Agreement shall have the meanings set forth in the Company’s 2015 Long-Term Incentive Plan as may be amended from time to time (the “Plan”).
Performance Share Unit Grant AgreementPerformance Share Unit Grant Agreement • March 1st, 2019 • Targa Resources Corp. • Natural gas transmission • Delaware
PERFORMANCE SHARE UNIT GRANT AGREEMENT UNDER THE SOUTHWEST GAS HOLDINGS, INC. OMNIBUS INCENTIVE PLANPerformance Share Unit Grant Agreement • April 4th, 2023 • Southwest Gas Corp • Natural gas transmisison & distribution
, 2023, by and between Centuri Group, Inc. (“Centuri”), Southwest Gas Holdings, Inc. (the "Company"), and ("Grantee"), pursuant to the Company's Omnibus Incentive Plan (the "Plan"). Capitalized terms that are used, but not defined, in this Grant Agreement, including Appendix A of this Grant Agreement, shall have the meaning set forth in the Plan, and the Plan is incorporated by reference into this Grant Agreement.
XYLEMPerformance Share Unit Grant Agreement • May 2nd, 2024 • Xylem Inc. • Pumps & pumping equipment • Indiana
This Agreement (the “Agreement”) between Xylem Inc. (the “Company”) and ###PARTICIPANT_NAME### (the “Participant”) is effective as of ###GRANT_DATE###. Capitalized terms that are not defined in this Agreement are defined in the Company’s 2011 Omnibus Incentive Plan (Amended and Restated on February 24, 2016) (the “Plan”). This Agreement is only being provided in English. The Participant is an employee of the Company or an Affiliate. In recognition of the Participant’s valued services, the Company, through the Leadership Development and Compensation Committee of its Board of Directors (the “Committee”), is providing the Participant an inducement to remain employed and an incentive for increased efforts while employed. In consideration of the terms and conditions in this Agreement, the parties agree as follows:
VIRTUS INVESTMENT PARTNERS, INC. PERFORMANCE SHARE UNIT GRANT AGREEMENTPerformance Share Unit Grant Agreement • May 9th, 2023 • Virtus Investment Partners, Inc. • Investment advice • Connecticut
This Agreement describes in detail your rights with respect to the Performance Share Units granted to you, and Restricted Stock Units that may be granted to you, hereby and constitutes a legal agreement between you and the Company. Capitalized terms used and not otherwise defined herein shall have the meaning ascribed thereto in the Plan.
CELESTICA INC. 2025 LONG TERM INCENTIVE PLAN PERFORMANCE SHARE UNIT GRANT NOTICEPerformance Share Unit Grant Agreement • July 28th, 2025 • Celestica Inc • Printed circuit boards • Ontario
Pursuant to the terms and conditions of the Celestica Inc. 2025 Long Term Incentive Plan, as amended from time to time (the “Plan”), Celestica Inc. and its respective successors and assigns (the “Company”), hereby grants to the individual listed below (“you” or the “Participant”) the number of Performance Share Units (the “PSUs”) set forth below. This award of PSUs (this “Award”) is subject to the terms and conditions set forth herein and in the Performance Share Unit Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which is incorporated herein by reference. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan available at [*].
PATHEON INC.Performance Share Unit Grant Agreement • February 25th, 2011 • Patheon Inc
Patheon Inc. (the “Corporation”) has granted the following Performance Share Units1 to the employee named below (the “Participant”), in accordance with and subject to the terms, conditions and restrictions of this Agreement, together with the provisions of the Patheon Inc. Performance Share Unit Plan (the “Plan”) dated [ ].
ContractPerformance Share Unit Grant Agreement • August 8th, 2019 • MDC Holdings Inc • Operative builders • Delaware
The Compensation Committee (the “Committee”) of M.D.C. Holdings, Inc., a Delaware corporation (the “Company”), awards performance share units (“PSUs”) under the Company’s 2011 Equity Incentive Plan (the “Plan”) to the Employee named below. This Performance Share Unit Grant Agreement (the “Agreement”) evidences the terms and conditions of the Company’s award and the PSUs constitute “qualified performance based compensation and other stock-based awards” under Sections 9 and 10 of the Plan.
To: Date: March 3, 2009 Subject: The Andersons, Inc. 2009 Performance Share Unit Grant Letter of AgreementPerformance Share Unit Grant Agreement • March 6th, 2009 • Andersons Inc • Wholesale-farm product raw materials
You have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of March 2, 2009.
ATLAS ENERGY SOLUTIONS, INC. Long Term Incentive Plan Performance Share Unit Grant AgreementPerformance Share Unit Grant Agreement • March 17th, 2023 • Atlas Energy Solutions Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware
XYLEMPerformance Share Unit Grant Agreement • May 2nd, 2024 • Xylem Inc. • Pumps & pumping equipment • Indiana
This Agreement (the “Agreement”) between Xylem Inc. (the “Company”) and ###PARTICIPANT_NAME### (the “Participant”) is effective as of ###GRANT_DATE###. Capitalized terms that are not defined in this Agreement are defined in the Company’s 2011 Omnibus Incentive Plan (Amended and Restated on February 24, 2016) (the “Plan”). This Agreement is only being provided in English. The Participant is an employee of the Company or an Affiliate. In recognition of the Participant’s valued services, the Company, through the Leadership Development and Compensation Committee of its Board of Directors (the “Committee”), is providing the Participant an inducement to remain employed and an incentive for increased efforts while employed. In consideration of the terms and conditions in this Agreement, the parties agree as follows:
Employee Name: Participant NamePerformance Share Unit Grant Agreement • July 30th, 2018 • Huntington Bancshares Inc/Md • National commercial banks • Ohio
THIS PERFORMANCE SHARE UNIT GRANT AGREEMENT (this “Agreement”) is made as of the date in the box above labeled “Date of Grant” by Huntington Bancshares Incorporated, a Maryland corporation and its subsidiaries (the “Company”), and is hereby communicated to the employee named in the box above (the “Employee”). Undefined capitalized terms used in this Agreement shall have the meanings set forth in the Company’s 2018 Long-Term Incentive Plan as may be amended from time to time (the “Plan”).
ARTHUR J. GALLAGHER & CO. FORM OF PERFORMANCE SHARE UNIT GRANT AGREEMENTPerformance Share Unit Grant Agreement • April 24th, 2014 • Gallagher Arthur J & Co • Insurance agents, brokers & service • Delaware
This Performance Share Unit Grant Agreement (this “Agreement”), effective as of the Grant Date shown above, between Arthur J. Gallagher & Co., a Delaware corporation (the “Company”), and the Participant named above, sets forth the terms and conditions of a grant of a performance unit award (this “Performance Share Unit Award”) under the Arthur J. Gallagher & Co. 2011 Long-Term Incentive Plan (the “Plan”). This Performance Share Unit Award is subject to all of the terms and conditions set forth in the Plan and this Agreement. In the event of any conflict, the Plan will control over this Agreement. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.
PERFORMANCE SHARE UNIT GRANT AGREEMENT (Special Long Term PSU Award) June 6, 2011Performance Share Unit Grant Agreement • August 29th, 2011 • Solera Holdings, Inc • Services-computer programming, data processing, etc. • Delaware
Solera Holdings, Inc. (the “Company”) is pleased to advise you that, pursuant to the Company’s 2008 Omnibus Equity Incentive Plan (the “Plan”), the Company’s Compensation Committee has approved the issuance of performance share units, to you as set forth below (each “PSU” and collectively, the “PSUs”). This award of PSUs is intended to qualify as “performance-based compensation” within the meaning of Section 162(m) of the Code, and, accordingly is a Performance Award subject to Sections 9 and 10 of the Plan.
PERFORMANCE SHARE UNIT GRANT AGREEMENT (Special Long Term PSU Award) September [ ], 20[ ]Performance Share Unit Grant Agreement • September 21st, 2011 • Solera Holdings, Inc • Services-computer programming, data processing, etc. • Delaware
Solera Holdings, Inc. (the “Company”) is pleased to advise you that, pursuant to the Company’s 2008 Omnibus Equity Incentive Plan (the “Plan”), the Company’s Compensation Committee has approved the issuance of performance share units, to you as set forth below (each “PSU” and collectively, the “PSUs”). This award of PSUs is intended to qualify as “performance-based compensation” within the meaning of Section 162(m) of the Code, and, accordingly is a Performance Award subject to Sections 9 and 10 of the Plan.
PERFORMANCE SHARE UNIT GRANT AGREEMENT UNDER THE EXECUTIVE LONG-TERM INCENTIVE PLAN, UNDER THE BUSINESS OFFICER EQUITY PROGRAM PURSUANT TO THE 2022 OMNIBUS STOCK PLAN AND LONG-TERM INCENTIVE PLAN TO: <<Participant>> To recognize and reward your...Performance Share Unit Grant Agreement • September 5th, 2025 • John Wiley & Sons, Inc. • Books: publishing or publishing & printing
To: Date: March 3, 2008 Subject: The Andersons, Inc.Performance Share Unit Grant Agreement • May 9th, 2008 • Andersons Inc • Wholesale-farm product raw materials
You have been selected to receive a Performance Share Unit (the “PSUs”) grant subject to the terms and conditions of the Long Term Performance Compensation Plan (the “Plan”) and this Letter of Agreement (the “Agreement”). This Agreement will document the key provisions relating to the PSUs granted to you as of March 1, 2008.