Performance Stock Award definition

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

Performance Stock Award or “Performance Stock” shall mean an Award granted under Article XII of the Plan under which, upon the satisfaction of predetermined Performance Goals, Shares are paid to the Holder.

Performance Stock Award means an award of shares of Stock to be issued to an Eligible Person if specified predetermined performance goals are satisfied as described in Article VII.

Examples of Performance Stock Award in a sentence

• The number and kind of shares of Common Stock deliverable pursuant to the Performance Stock Award are subject to adjustment as provided in Section 12 of the Plan.

• This Performance Stock Award is conditioned upon the Participant’s agreement to this Agreement and compliance with any Restrictive Covenant and Confidentiality Agreement executed by the Participant in favor of the Company (“Restrictive Covenant Agreement”).

• The Company’s obligations with respect to the Performance Stock Award shall be satisfied in full upon such registration of the shares of Common Stock.

• The Company hereby grants to the Grantee a Performance Stock Award as of the Grant Date.

• Notwithstanding the foregoing, the Company makes no representations that the Performance Stock Award provided under this Agreement complies with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A of the Code.

More Definitions of Performance Stock Award

Performance Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

Performance Stock Award means an Award designated as a performance stock award granted to a Holder pursuant to Article IX.

Performance Stock Award means either a Restricted Stock Award or a Restricted Stock Unit Award granted pursuant to the terms and conditions of Section 7(d)(i).

Performance Stock Award means Awards granted pursuant to Section 16.

Performance Stock Award means an Award granted pursuant to Section 9 of the Plan.

Performance Stock Award means a Stock Award granted pursuant to Section 10(a).

Performance Stock Award means any Stock Award subject to vesting upon the achievement of any Performance Level regardless of the length of any performance period.