Conditional Share Award Sample Clauses

Conditional Share Award. With respect to a Pennzoil Award consisting of a conditional or restricted share unit award (a "Pennzoil CSAU"), the number of shares of Downstream Common Stock and Pennzoil Common Stock that are covered by the Conversion Award shall be determined based on the ratio used in the distribution of Downstream Common Stock to the holders of Pennzoil Common Stock in the Distribution.
View Source
Conditional Share Award. The holder of each GCG Award consisting of a restricted share unit award (a "GCG RSU"), regardless of whether the holder thereof is a GCG Individual or a GenTek Individual, shall retain such GCG RSU and shall receive a GenTek Common Stock Restricted Stock Unit award for the same number of shares of GenTek covered by such GCG RSU. GCG and GenTek shall each treat employment with such other corporation or employment with such corporation for purpose of continued vesting, etc., of any GCG RSU or Conversion Award.
View Source

Related to Conditional Share Award

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.