Form of Payment Under Performance Unit Award Sample Clauses

The 'Form of Payment Under Performance Unit Award' clause defines how compensation is delivered to recipients when performance unit awards vest or are earned. Typically, this clause specifies whether payment will be made in cash, company stock, or a combination of both, and may outline the timing and method of such payments. By clearly stating the form of payment, the clause ensures both the company and the award recipient understand what to expect, thereby preventing disputes and ensuring transparency in the administration of incentive compensation.