Common use of Award of Performance Stock Units Clause in Contracts

Award of Performance Stock Units. The Company hereby grants to the Participant on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I hereto. Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) upon becoming earned and vested in accordance with Section 3 and settlement in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT THE END OF THIS AGREEMENT) NO LATER THAN ___________, 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT AND FOLLOWING A TERMINATION OF THE PARTICIPANT’S EMPLOYMENT FOR ANY REASON.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (ACCO BRANDS Corp)

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Award of Performance Stock Units. The Company hereby grants to the Participant Grantee on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I hereto. attached hereto and made a part hereof during the 2010, 2011 and 2012 fiscal years (each fiscal year a “Performance Period”) as follows: Performance Period Number of Performance Stock Units That May Be Earned At Target 2010 2011 2012 Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the ParticipantGrantee, subject to the terms and conditions of this Agreement, one (1) share of Common Stock. Each Performance Stock (“Share”) upon becoming Unit shall be earned and vested in accordance with Section 3 and settlement shall be payable to Grantee in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant Grantee shall have no direct or secured claim in any specific assets of the Company or the Shares shares of Common Stock that may become issuable to the Participant Grantee under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT GRANTEE SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT AND RETURNING IT TO THE END OF THIS AGREEMENT) NO LATER THAN ___________COMPANY BY , 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, 2010 AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT CERTAIN COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT DURING, AND FOLLOWING A TERMINATION OF THE PARTICIPANTOF, GRANTEE’S EMPLOYMENT FOR ANY REASON. FOR PURPOSES OF ATTACHMENT A, GRANTEE’S SECTION 4.1 RESTRICTION SHALL BE FOR MONTHS AND GRANTEE’S SECTION 4.2 RESTRICTION SHALL BE FOR MONTHS, EXCEPT AS GRANTEE AND THE CHIEF EXECUTIVE OFFICER (AND SHOULD THE CHIEF EXECUTIVE OFFICER BE THE GRANTEE, THE COMPENSATION COMMITTEE OF THE BOARD) MAY OTHERWISE AGREE IN WRITING.

Appears in 1 contract

Samples: Incentive Plan (Acco Brands Corp)

Award of Performance Stock Units. The Company hereby grants to the Participant Grantee on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I heretoattached hereto and made a part hereof. Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the ParticipantGrantee, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) upon becoming ). Each Performance Stock Unit shall be earned and vested in accordance with Section 3 and settlement shall be payable to Grantee in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant Grantee shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant Grantee under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT GRANTEE SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT AND RETURNING IT TO THE END OF THIS AGREEMENT) NO LATER THAN COMPANY BY ___________, 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, 2013 AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT CERTAIN COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT DURING, AND FOLLOWING A TERMINATION OF THE PARTICIPANTOF, XXXXXXX’S EMPLOYMENT FOR ANY REASON. FOR PURPOSES OF ATTACHMENT A, XXXXXXX’S SECTION 4.1 RESTRICTION SHALL BE FOR 24 MONTHS AND GRANTEE’S SECTION 4.2 RESTRICTION SHALL BE FOR 12 MONTHS, EXCEPT AS GRANTEE AND THE CHIEF EXECUTIVE OFFICER (AND SHOULD THE CHIEF EXECUTIVE OFFICER BE THE GRANTEE, THE COMPENSATION COMMITTEE OF THE BOARD) MAY OTHERWISE AGREE IN WRITING.

Appears in 1 contract

Samples: 2015 Performance Stock Unit Award Agreement (Acco Brands Corp)

Award of Performance Stock Units. The Company hereby grants to the Participant Grantee on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I hereto. attached hereto and made a part hereof during the 20__, 20__ and 20__ fiscal years (each fiscal year a “Performance Period”) as follows: Performance Period Number of Performance Stock Units That May Be Earned At Target 20__ _______________ 20__ ________________ 20__ _________________ Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the ParticipantGrantee, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) upon becoming ). Each Performance Stock Unit shall be earned and vested in accordance with Section 3 and settlement shall be payable to Grantee in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant Grantee shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant Grantee under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT GRANTEE SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT AND RETURNING IT TO THE END OF THIS AGREEMENT) NO LATER THAN _COMPANY BY __________, 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, _ AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT CERTAIN COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT DURING, AND FOLLOWING A TERMINATION OF THE PARTICIPANTOF, GRANTEE’S EMPLOYMENT FOR ANY REASON. FOR PURPOSES OF ATTACHMENT A, GRANTEE’S SECTION 4.1 RESTRICTION SHALL BE FOR __ MONTHS AND GRANTEE’S SECTION 4.2 RESTRICTION SHALL BE FOR __ MONTHS, EXCEPT AS GRANTEE AND THE CHIEF EXECUTIVE OFFICER (AND SHOULD THE CHIEF EXECUTIVE OFFICER BE THE GRANTEE, THE COMPENSATION COMMITTEE OF THE BOARD) MAY OTHERWISE AGREE IN WRITING.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Acco Brands Corp)

Award of Performance Stock Units. The Company hereby grants to the Participant Grantee on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I heretoattached hereto and made a part hereof. Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the ParticipantGrantee, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) upon becoming ). Each Performance Stock Unit shall be earned and vested in accordance with Section 3 and settlement shall be payable to Grantee in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant Grantee shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant Grantee under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT GRANTEE SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT AND RETURNING IT TO THE END OF THIS AGREEMENT) NO LATER THAN COMPANY BY ___________, 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, _ AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT CERTAIN COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT DURING, AND FOLLOWING A TERMINATION OF THE PARTICIPANTOF, GRANTEE’S EMPLOYMENT FOR ANY REASON.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (ACCO BRANDS Corp)

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Award of Performance Stock Units. The Company hereby grants to the Participant Grantee on the Grant Date an Award of ___________ Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I heretoattached hereto and made a part hereof. Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the ParticipantGrantee, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) upon becoming ). Each Performance Stock Unit shall be earned and vested in accordance with Section 3 and settlement shall be payable to Grantee in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant Grantee shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant Grantee under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT GRANTEE SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT AND RETURNING IT TO THE END OF THIS AGREEMENT) NO LATER THAN COMPANY BY ___________, 20__, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, 2013 AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT CERTAIN COVENANTS SET FORTH ON ATTACHMENT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT DURING, AND FOLLOWING A TERMINATION OF THE PARTICIPANTOF, XXXXXXX’S EMPLOYMENT FOR ANY REASON. FOR PURPOSES OF ATTACHMENT A, XXXXXXX’S SECTION 4.1 RESTRICTION SHALL BE FOR 24 ACCO Brands Performance Stock Units Award Agreement – February 2013 MONTHS AND XXXXXXX’S SECTION 4.2 RESTRICTION SHALL BE FOR 12 MONTHS, EXCEPT AS GRANTEE AND THE CHIEF EXECUTIVE OFFICER (AND SHOULD THE CHIEF EXECUTIVE OFFICER BE THE GRANTEE, THE COMPENSATION COMMITTEE OF THE BOARD) MAY OTHERWISE AGREE IN WRITING.

Appears in 1 contract

Samples: 2015 Performance Stock Unit Award Agreement (Acco Brands Corp)

Award of Performance Stock Units. The Company hereby grants to the Participant on the Grant Date an Award of [___________ ] Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I hereto. Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) Share upon becoming earned and vested in accordance with Section 3 and settlement in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant under Section 4, and shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT THE END OF THIS AGREEMENT) NO LATER THAN ___________, 20__WITHIN 45 DAYS OF THE GRANT DATE, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT COVENANTS SET FORTH ON ATTACHMENT EXHIBIT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT AND FOLLOWING A TERMINATION OF THE PARTICIPANT’S EMPLOYMENT FOR ANY REASON.. 56257325v.5 Exhibit 10.5

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (ACCO BRANDS Corp)

Award of Performance Stock Units. The Company hereby grants to the Participant on the Grant Date an Award of [___________ ] Performance Stock Units at Target, or such lesser or greater number of Performance Stock Units, as may be earned upon the attainment of applicable performance objectives set forth in Schedule I heretoattached hereto and made a part hereof during the period of January 1, 2021 through December 31, 2021 (the “Performance Period”). Each Performance Stock Unit constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms and conditions of this Agreement, one (1) share of Common Stock (“Share”) Share upon becoming earned and vested in accordance with Section 3 and settlement in accordance with Section 4. The Company shall hold the Performance Stock Units in book-entry form. The Participant shall have no direct or secured claim in any specific assets of the Company or the Shares that may become issuable to the Participant under Section 4, and 67652174v.6 shall have the status of a general unsecured creditor of the Company. THIS AWARD IS CONDITIONED ON THE PARTICIPANT SIGNING THIS AGREEMENT VIA E-SIGNATURE (AS DESCRIBED AT THE END OF THIS AGREEMENT) NO LATER THAN ___________, 20__WITHIN 45 DAYS OF THE GRANT DATE, WHICH THE PARTICIPANT ACCEPTS UPON HIS OR HER ELECTRONIC EXECUTION OF THIS AGREEMENT AS DESCRIBED BELOW, AND IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE PARTICIPANT COVENANTS SET FORTH ON ATTACHMENT EXHIBIT A HERETO THAT APPLY DURING THE PARTICIPANT’S EMPLOYMENT AND FOLLOWING A TERMINATION OF THE PARTICIPANT’S EMPLOYMENT FOR ANY REASON.

Appears in 1 contract

Samples: Special Performance Stock Unit Award Agreement (ACCO BRANDS Corp)

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