Common use of Number of Units Awarded Clause in Contracts

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2014 through 2016 (October 1, 2013 through September 30, 2016). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $____, the percentage of Units earned would be ____% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 2014-2016 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $____ 0% Threshold $____ 50% Target $____ 100% Maximum $____ 200%

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

AutoNDA by SimpleDocs

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2012 through 2014 through 2016 (October 1, 2013 2011 through September 30, 20162014). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $____$ , the percentage of Units earned would be ____125% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Units Performance Schedule for Grant of Performance Period FY 20142012-2016 2014 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $____ 0$ 0 % Threshold $____ 50$ 50 % Target $____ 100$ 100 % Maximum $____ 200$ 150 %

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2014 2013 through 2016 2015 (October 1, 2013 2012 through September 30, 20162015). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $_____, the percentage of Units earned would be ______% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 20142013-2016 2015 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $____ 0% Threshold $____ 50% Target $____ 100% Maximum $____ 200%

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2014 2016 through 2016 2018 (October 1, 2013 2015 through September 30, 20162018). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-straight- line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $____, the percentage of Units earned would be _______% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 20142016-2016 2018 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $_____ 0% Threshold $_____ 50% Target $_____ 100% Maximum $_____ 200%

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

AutoNDA by SimpleDocs

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2014 2015 through 2016 2017 (October 1, 2013 2014 through September 30, 20162017). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $____, the percentage of Units earned would be ____% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 20142015-2016 2017 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $____ 0% Threshold $____ 50% Target $____ 100% Maximum $____ 200%

Appears in 1 contract

Samples: Award Agreement (Atmos Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.