Common use of Award of Performance Units Clause in Contracts

Award of Performance Units. Pursuant to the Texas Capital Bancshares, Inc. 2015 Long-Term Incentive Plan (the “Plan”) of Texas Capital Bancshares, Inc., a Delaware corporation (the “Company”) and its Subsidiaries, (the “Participant”) as an employee of the Company, has been granted an Award under the Plan for ________________________________ (___________) Restricted Stock Units (the “Time-Based Units”) and _______________________________________ (____________) Performance Units (the “Performance Units”, collectively, with the Time-Based Units, the “Awarded Units”), which may be converted into the number of whole shares of Common Stock (as determined under Section 4 below) equal to the number of vested Awarded Units (determined in accordance with Section 3 below), subject to the terms and conditions of the Plan and this Performance Award Agreement (this “Agreement”). The Date of Grant of this Award is March 27, 2018. The maximum number of shares of Common Stock that could be issued with respect to the Awarded Units is ______________________________________ (__________). Each Awarded Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time.

Appears in 1 contract

Samples: Performance Award Agreement (Texas Capital Bancshares Inc/Tx)

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Award of Performance Units. Pursuant to the Texas Capital Bancshares, Inc. 2015 Long-Term Incentive Plan (the “Plan”) of Texas Capital Bancshares, Inc., a Delaware corporation (the “Company”) and its Subsidiaries, (the “Participant”) as an employee of the Company, has been granted an Award under the Plan for ________________________________ (___________) Restricted Stock Units (the “Time-Based Units”) and _______________________________________ (____________) Performance Units (the “Performance Units”, collectively, with the Time-Based Units, the “Awarded Units”), which may be converted into the number of whole shares of Common Stock (as determined under Section 4 below) equal to the number of vested Awarded Units (determined in accordance with Section 3 below), subject to the terms and conditions of the Plan and this Performance Award Agreement (this “Agreement”). The Date of Grant of this Award is March 27June 16, 20182021. The maximum number of shares of Common Stock that could be issued with respect to the Awarded Units is ______________________________________ (__________)1. Each Awarded Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time.

Appears in 1 contract

Samples: Performance Award Agreement (Texas Capital Bancshares Inc/Tx)

Award of Performance Units. Pursuant to the Texas Capital Bancshares, Inc. 2015 Long-Term Incentive Plan (the “Plan”) of Texas Capital Bancshares, Inc., a Delaware corporation (the “Company”) and its Subsidiaries, ______________________ (the “Participant”) as an employee of the Company, has been granted an Award under the Plan for ________________________________ (___________) Restricted Stock Units (the “Time-Based Units”) and ________________________________________ (____________) Performance Units (the “Performance Units”, collectively, with the Time-Based Units, the “Awarded Units”), which may be converted into the number of whole shares of Common Stock (as determined under Section 4 below) equal to the number of vested Awarded Units (determined in accordance with Section 3 below), subject to the terms and conditions of the Plan and this Performance Award Agreement (this “Agreement”). The Date of Grant of this Award is March 27June 29, 20182020. The maximum number of shares of Common Stock that could be issued with respect to the Awarded Units is ______________________________________ (__________). Each Awarded Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time.

Appears in 1 contract

Samples: Performance Award Agreement (Texas Capital Bancshares Inc/Tx)

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Award of Performance Units. Pursuant to the Texas Capital Bancshares, Inc. 2015 Long-Term Incentive Plan (the “Plan”) of Texas Capital Bancshares, Inc., a Delaware corporation (the “Company”) and its Subsidiaries, __ (the “Participant”) as an employee of the Company, has been granted an Award under the Plan for ________________________________ (___________) Restricted Stock Units (the “Time-Based Units”) and _______________________________________ (____________) Performance Units (the “Performance Units”, collectively, with the Time-Based Units, the “Awarded Units”), which may be converted into the number of whole shares of Common Stock (as determined under Section 4 below) equal to the number of vested Awarded Units (determined in accordance with Section 3 below), subject to the terms and conditions of the Plan and this Performance Award Agreement (this “Agreement”). The Date of Grant of this Award is March 27February 12, 20182019. The maximum number of shares of Common Stock that could be issued with respect to the Awarded Units is ______________________________________ (__________). Each Awarded Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time.

Appears in 1 contract

Samples: Performance Award Agreement (Texas Capital Bancshares Inc/Tx)

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