Common use of Award Value Clause in Contracts

Award Value. The Award LTIP Units subject to this Agreement will be earned based on the Company’s performance for the Performance Period. Following the end of the Performance Period, the Committee shall determine the number of Award LTIP Units earned for the Performance Period.

Appears in 2 contracts

Sources: Ltip Unit Award Agreement (Lamar Advertising Co/New), Ltip Unit Award Agreement (Lamar Media Corp/De)

Award Value. The Award LTIP Units subject to this Agreement will be earned based on the Company’s performance for the Performance Period, subject to the exercise of any discretion by the Compensation Committee. Following the end of the Performance Period, the Committee shall determine the number of Award LTIP Units earned for the Performance Period.

Appears in 1 contract

Sources: Ltip Unit Award Agreement (Lamar Media Corp/De)