Common use of Award of Performance Share Units Clause in Contracts

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following Performance Criteria equally weighted between (a) and (b):

Appears in 3 contracts

Samples: Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

AutoNDA by SimpleDocs

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> /$AwardsGranted$/ Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following selected Performance Criteria equally weighted between (aCriteria. The determination of whether the performance goals were achieved shall be a multi-step calculation, as follows, provided that the number of shares earned based on 3.(a) and (b):3.(b) may not exceed 200% of the number of PSUs stated above:

Appears in 2 contracts

Samples: Agreement (Norfolk Southern Corp), Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s 's achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following Performance Criteria three equally weighted between (a) and (b):Performance Criteria:

Appears in 2 contracts

Samples: 2012 Award Agreement (Norfolk Southern Corp), 2011 Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> /$AwardsGranted$/ Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 2 contracts

Samples: Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant who satisfies the employment requirements, as described in Section 4 hereof, to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a of Performance Cycle of performance goals Goals established by the Committee at the time of grant for the following Performance Criteria equally weighted between Performance Criteria: (a) the Corporation’s operating ratio for 2018; and (b):) the Corporation’s earnings per share for 2018.

Appears in 2 contracts

Samples: Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> /$AwardsGranted$/ Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at in January of the time of grant current year for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 1 contract

Samples: Cycle Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs#> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 1 contract

Samples: Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs#> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at in January of the time of grant current year for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 1 contract

Samples: Cycle Award Agreement (Norfolk Southern Corp)

AutoNDA by SimpleDocs

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at in January of the time of grant current year for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 1 contract

Samples: Cycle Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs#> Performance Share Units (PSUs). ). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at in January of the time of grant current year for the following selected Performance Criteria equally weighted between (aCriteria. The determination of whether the performance goals were achieved shall be a multi-step calculation, as follows, provided that the number of shares earned based on 3.(a) and (b):3.(b) may not exceed 200% of the number of PSUs stated above:

Appears in 1 contract

Samples: Cycle Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following Performance Criteria three equally weighted between (a) and (b):Performance Criteria:

Appears in 1 contract

Samples: 2013 Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following selected Performance Criteria equally weighted between (a) and (b):Criteria. The determination of whether the performance goals were achieved shall be a two-step calculation, as follows:

Appears in 1 contract

Samples: Award Agreement (Norfolk Southern Corp)

Award of Performance Share Units. The Corporation hereby confirms an Award to the Participant on Award Date of <PSUs> Performance Share Units (PSUs). The award of PSUs shall entitle the Participant to receive shares of Common Stock of the Corporation upon the Corporation’s achievement over a Performance Cycle of performance goals established by the Committee at the time of grant for the following Performance Criteria equally weighted between (a) and (b):Performance Criteria:

Appears in 1 contract

Samples: Award Agreement (Norfolk Southern Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.