Payment for Performance Shares Earned Sample Clauses

Payment for Performance Shares Earned. Employee shall be paid in cash an amount determined by multiplying the number of Performance Shares Earned by the end of period share price defined as the average of closing prices quoted on the New York Stock Exchange (NYSE) for all trading days during the period beginning on October 1, 2007 and ending on December 31, 2007 (the "EOP Share Price"). The amount so determined shall be paid as soon as administratively practicable after the certification by the Compensation Committee, but in no event later than two and one-half (2 1/2) months following the end of the Performance Cycle.
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Payment for Performance Shares Earned. Employee shall be paid in cash an amount determined by multiplying the number of Performance Shares Earned by the average of the daily closing prices of a Share of BellSouth Stock as quoted on the New York Stock Exchange (NYSE) for the ten (10) trading days comprised of the five (5) trading days immediately preceding, and the five (5) trading days immediately following, the last day of the Performance Period. The amount so determined shall be paid in two (2) equal installments, with fifty (50%) percent to be paid as soon as administratively practicable after the end of the Performance Period, but in no event later than June 30, 2005; and the remaining fifty (50%) percent to be paid six (6) months after payment of the first installment.
Sample 1
Payment for Performance Shares Earned. The Employee shall be paid in cash an amount determined by multiplying the number of Performance Shares Earned by the Fair Market Value of a Share as of the last day of the Performance Period. The amount so determined shall be paid in two (2) equal installments, with fifty (50%) percent to be paid as soon as administratively practicable after the end of the Performance Period, but in no event later than June 30, 2004; and the remaining fifty (50%) percent to be paid six (6) months after payment of the first installment.
Sample 1
Payment for Performance Shares Earned. Employee shall be paid in cash an amount determined by multiplying the number of Performance Shares Earned by the end of period share price defined as the average of closing prices quoted on the New York Stock Exchange (NYSE) for all trading days during the period beginning on October 1, 2006 and ending on December 31, 2006 (the "EOP Share Price"). The amount so determined shall be paid in two (2) equal installments, with fifty (50%) percent to be paid as soon as administratively practicable after the certification by the Compensation Committee, but in no event later than June 30, ____; and the remaining fifty (50%) percent to be paid six (6) months after payment of the first installment.
Sample 1

Related to Payment for Performance Shares Earned

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Unvested Common Shares Issued in Settlement of Performance Share Awards If the Executive terminates employment pursuant to Sections 6(b), 6(d) or 6(e)(i) after the Performance Share Vesting Date, the vesting of all Unvested Common Shares (as defined in the Performance Share Agreement) issued in settlement of the Performance Share Award shall be accelerated in full effective as of the date of such termination.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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