Performance Accelerated Restricted Stock Units definition

Performance Accelerated Restricted Stock Units means Performance Accelerated Restricted Stock Units granted to the Participant under the Stock Option Plan.
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Performance Accelerated Restricted Stock Units means the Performance Accelerated Restricted Stock Units awarded to the Participant pursuant to the Award Certificate and Section 6(d) of the Plan, where each such Performance Accelerated Restricted Stock Unit is denominated as one phantom Share and represents conditional unfunded and unsecured promise by the Company to deliver either a Share or a cash payment pursuant to Section 3 below.
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Examples of Performance Accelerated Restricted Stock Units in a sentence

  • The Company will withhold from the payout of Performance Accelerated Restricted Stock Units, as the case may be, the amount necessary to satisfy all minimum statutory withholding tax requirements.

  • In the event a payout in the form of Shares would entitle a Participant to a fractional share of Company’s common stock, such fractional share shall be rounded up to the next whole number of Shares and the Performance Accelerated Restricted Stock Units, as the case may be, to be paid out in cash, if any, shall be reduced by the same amount as the fractional increase to the payout in Shares.

  • In connection with the Original Agreements, the Company granted to the Executive pursuant to the Incentive Plan, the number of Performance Accelerated Restricted Stock Units as shown on Exhibit A (the “Restricted Shares”).

  • The terms and conditions of the Performance Accelerated Restricted Stock Units (as defined below) are contained in the Award Certificate (as defined below) evidencing the grant of such Performance Accelerated Restricted Stock Units, this Award Agreement (as defined below) and in the Arch Chemicals, Inc.

  • In connection with a cash payment arising as a result of death or a Change of Control, the Performance Accelerated Restricted Stock Units will be valued at the average of the high and low quoted sales prices of a Share as reported on the consolidated transaction reporting system for New York Stock Exchange issues on the Valuation Date.

  • The Company shall grant to the Executive pursuant to the Incentive Plan, 6,500 Performance Accelerated Restricted Stock Units (the “Restricted Shares”).

  • The Company shall grant to the Executive pursuant to the Incentive Plan, 3,700 Performance Accelerated Restricted Stock Units (the “Restricted Shares”).

  • The Company shall grant to the Executive pursuant to the Incentive Plan, the number Performance Accelerated Restricted Stock Units as shown on Exhibit A (the “Restricted Shares”).

  • Performance Accelerated Restricted Stock Units carry no voting rights nor shall the holder thereof be entitled to dividends or other rights enjoyed by shareholders except as otherwise provided in this Section 9.

  • Unless the Committee or the Board determines otherwise, upon a Change of Control during the Vesting Period, as the case may be, Performance Accelerated Restricted Stock Units, as the case may be, that are not vested shall become vested and deemed earned in full, and shall be paid to the Participant in cash as soon as practicable but no later than the tenth (10th) business day after the Change of Control, in each case, notwithstanding that the applicable Vesting Period shall not have been completed.

Related to Performance Accelerated Restricted Stock Units

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.