NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT Sample Clauses

NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT. Grantee Name: Address: You have been granted the right to receive an Award of Performance-Based Restricted Stock Units (the “Grant”), subject to the terms and conditions of the Plan and this Agreement, as follows: Grant Number Date of Xxxxx Xxxx Date Target Number of Performance-Based Restricted Stock Units
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NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT. You (also known as “Grantee”) have been granted an award of Performance-Based Restricted Stock Units (the “PSUs”), subject to the terms and conditions of the Plan and this Agreement. Certain details about the PSUs granted hereunder, including the number of PSUs granted assuming target performance levels (the “Target PSUs”), the date of grant (“Date of Grant”) and the grant number, shall be reflected in your E*TRADE account.
Sample 1
NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT. Participant Name: <first_name> <last_name> Participant has been granted the right to receive an Award of Performance-Based Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number <award_id> Date of Grant <award_date> Vesting Commencement Date The date following an applicable Performance Period on which the Administrator determines that the applicable performance metrics have been satisfied for the Performance-Based Restricted Stock Units. Performance Period <performance_period> Performance Matrix The number of Performance-Based Restricted Stock Units in which Participant may vest in accordance with the Vesting Schedule below will depend upon achievement of performance metrics set forth in and in accordance with the Performance Matrix, attached hereto as Exhibit B. Any Performance-Based Restricted Stock Units that are earned based on achievement of the performance metrics set forth in the attached Performance Matrix shall be referred to herein as “Earned Units” and be eligible for vesting in accordance with the “Vesting Schedule” below. Target Number of Up to a maximum of <shares_awarded>. Performance-Based Restricted Stock Units
Sample 1
NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT. Participant Name: You have been granted the right to receive an Award of performance-based Restricted Stock Units (“Performance Stock Units”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number %%OPTION_NUMBER%-% Date of Grant Target Number of Performance Stock Units Maximum Number of Performance Stock Units [l]% of target number of Performance Stock Units
Sample 1
NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT. Participant Name: The undersigned Participant has been granted an Award of performance-based Restricted Stock Units (“Performance-Based Restricted Stock Units”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number [—] Date of Grant [—] Performance Period Date of Grant – [—] Vesting Provisions for Performance-Based Restricted Stock Units The number of Performance-Based Restricted Stock Units in which Participant may vest in accordance with the Vesting Schedule below will depend upon achievement of performance metrics set forth in and in accordance with the Vesting Provision for Performance-Based Restricted Stock Units attached hereto as Exhibit B. Any Performance-Based Restricted Stock Units that are earned based on achievement of the performance metrics set forth in Exhibit B shall be referred to herein as [“Earned Units”] and be eligible for vesting in accordance with Exhibit B. Target Number of Performance-Based Restricted Stock Units [—] Maximum Number of Performance-Based Restricted Stock Units [—]
Sample 1

Related to NOTICE OF PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Grant of Performance Shares Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein, in the Plan and the Addendum with Additional Country Specific Terms and Conditions attached as Exhibit A, all of which are made part of this Agreement, an award of <shares_awarded> Performance Shares (this “Award”).

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • NOTICE OF RESTRICTED STOCK UNIT GRANT Participant Name: Address: You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Number of Restricted Stock Units

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