Initial Performance Shares Sample Clauses
The 'Initial Performance Shares' clause defines the allocation of a specific number of company shares to an individual, typically as part of an incentive or compensation plan, contingent on meeting certain performance criteria. This clause outlines the number of shares granted at the outset, the conditions under which they may vest, and any relevant timelines or performance targets that must be achieved. By clearly specifying the initial share grant and its requirements, the clause ensures transparency in compensation arrangements and motivates recipients to achieve defined business objectives.
Initial Performance Shares. The Performance Opportunity initially will equal a number of Performance Shares determined by dividing the Performance Opportunity by the closing price of the Company’s Shares on the New York Stock Exchange on the Grant Date (your “Initial Performance Shares”).