Common use of Cash Performance Units Clause in Contracts

Cash Performance Units. On the Effective Date the Executive shall receive an award of cash performance units (“Performance Units”) with a target value of $250,000 in accordance with the terms and conditions set forth in the Plan and the Company’s standard form of Performance Unit Award Agreement applicable to senior executives.

Appears in 1 contract

Sources: Employment Agreement (American Axle & Manufacturing Holdings Inc)

Cash Performance Units. On the Effective Date the Executive shall receive an award of cash performance units ("Performance Units") with a target value of $250,000 in accordance with the terms and conditions set forth in the Plan and the Company’s 's standard form of Performance Unit Award Agreement applicable to senior executives.

Appears in 1 contract

Sources: Employment Agreement (American Axle & Manufacturing Holdings Inc)