Issuance of Performance Shares. (a) The Participant’s Performance Share Award is a function of his “Target XXX Award” and his “Target ROS Award,” calculated as set forth below. The Participant’s Target XXX Award is Shares. The Participant’s Target ROS Award is Shares.
Issuance of Performance Shares. 7.1 Issuance to principals - Performance shares may be issued for cash to the principals of an issuer
Issuance of Performance Shares. Upon the execution and delivery hereof, the Corporation shall issue and deliver to Executive an aggregate of 117,000 shares (the "Performance Shares") of Common Stock, par value $.01 per share, of the Corporation (the "Common Stock"). The Performance Shares, upon issuance, shall be validly issued and fully paid shares of Common Stock of the Corporation, provided, however, that (i) one-third of the Performance Shares shall be repurchased by the Corporation for the par value thereof in the event that the Corporation does not achieve net income before taxes of at least $1.5 million during the period of April 1, 1995 through Marcx 00, 0000, (xx) xxx-third of the Performance Shares shall be repurchased by the Corporation for the par value thereof in the event that the Corporation does not achieve net income before taxes of at least $2.2 million during the period of April 1, 1996 through Marcx 00, 0000, (xxx) xxx-third of the Performance Shares shall be repurchased by the Corporation for the par value thereof in the event that the Corporation does not achieve net income before taxes of at least $3.0 million during the period of April 1, 1997 through March 31, 1998; (iv) all of which Performance Shares shall be repurchased by the Corporation for the par value thereof upon termination of Executive's employment hereunder in the event that Executive's employment shall terminates prior to March 31, 1996; (v) two-thirds of which Performance Shares shall be repurchased by the Corporation for the par value thereof upon termination of Executive's employment hereunder in the event that Executive's employment shall terminate prior to March 31, 1997; and (vi) one-third of which Performance Shares shall be repurchased by the Corporation for the par value thereof upon termination of Executive's employment hereunder in the event that Executive's employment shall terminate prior to March 31, 1998. This provision shall survive any termination of this Agreement.
Issuance of Performance Shares. The Performance Shares covered by this Agreement shall only result in the issuance of Shares (or cash or a combination of Shares and cash, as decided by the Committee in its sole discretion), after the completion of the Incentive Period and only if such Performance Shares are earned as provided in Section 2.3 of this Article 2.
Issuance of Performance Shares. In the event that the Recipient is deemed to have earned any Performance Shares pursuant to the provisions of Section 2 hereof, a certificate or certificates representing that number of shares of the Common Stock which is equal to one-half (1/2) of the Earned Performance Shares Amount shall be issued in the Recipient's name as of March ____, 20___, and as soon as reasonably practical after the delivery by the Recipient to the Corporation of a stock power signed in blank by the Recipient with respect to such Performance Shares and in a form which is acceptable to the Corporation which may be used by the Corporation to cancel such Performance Shares in accordance with the provisions of the Plan and this Agreement. Upon issuance of the certificate or certificates for such Performance Shares, the Recipient shall be a stockholder with respect to such Performance Shares and shall have all the rights of a stockholder with respect to such Performance Shares, including but not limited to, the right to vote such Performance Shares and to receive dividends and other distributions paid with respect to such Performance Shares. The certificate or certificates representing such Performance Shares, together with the executed stock power, shall be held in custody by the Corporation or an agent therefor pursuant to the provisions of the Plan for the account of the Recipient.
Issuance of Performance Shares. (a) The Company shall issue the Performance Shares as of the Grant Date in either manner described below, as determined by the Committee in its sole discretion:
Issuance of Performance Shares. The Performance Shares covered by this Agreement will only result in the transfer of Stock (or cash or a combination of Stock and cash, as determined by the Committee in its sole discretion), after the completion of the Performance Period and only if such Performance Shares are earned as provided in Section 5.
Issuance of Performance Shares. If you qualify to receive Performance Shares that remain subject to further vesting, the stock certificates evidencing such Shares that will be issued as of the Pricing Date will bear the following legend that shall remain in place and effective until all other vesting restrictions lapse and new certificates are issued pursuant to Section 7(b) below: “The sale or other transfer of the Shares represented by this certificate, whether voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer set forth in the Capital Trust, Inc. 2011 Long-Term Incentive Plan , and in any rules and administrative procedures adopted pursuant to such Plan and in a related Award Agreement. A copy of the Plan, such rules and procedures and such Award Agreement may be obtained from the Secretary of Capital Trust, Inc.”
Issuance of Performance Shares. (a) The Participant's Performance Share Award is a function of his "Target XXX Award"
Issuance of Performance Shares. The Company shall issue the Performance Shares to the Participant as soon as reasonably practicable after the Participant’s execution of this agreement. However, all certificates evidencing the Performance Shares shall be held by the Company until the end of the Restricted Period. Thereafter, the Company shall deliver to the Participant certificates evidencing all Performance Shares that are not forfeited pursuant to this agreement.
