Performance-Based Restricted Share Grant Sample Clauses

Performance-Based Restricted Share Grant. Executive shall receive an annual Performance-Based Restricted Share Grant, which shall be subject to performance-based vesting criteria. The parties shall negotiate the Performance-Based Restricted Share Grant in good faith on an annual basis, and the parties shall set forth the mutually agreed-upon terms of the annual Performance-Based Restricted Share Grant in an APPENDIX A to this Agreement on or before March 31st of each year.
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Performance-Based Restricted Share Grant. A. Performance-Based Restricted Shares: 68,289 shares of Common Stock.
Sample 1
Performance-Based Restricted Share Grant. (A) As soon as practicable after the Fourth Amendment Effective Date, Employee shall receive under the Stock Incentive Plan an additional grant of 200,000 Restricted Shares (the “2009 Grant of Restricted Shares Based Upon Company Performance for Fiscal Year 2009”).
Sample 1
Performance-Based Restricted Share Grant. (A) On or about the first business day of Fiscal 2010, assuming that Employee is employed by the Company at that time, Employee shall receive under the Stock Incentive Plan an additional grant of 200,000 Restricted Shares.
Sample 1
Performance-Based Restricted Share Grant. Executive shall receive an annual Performance-Based Restricted Share Grant, which shall be subject to performance-based vesting criteria. The parties shall negotiate the Performance-Based Restricted Share Grant in good faith on an annual basis, and the parties shall set forth the mutually agreed-upon terms of the annual Performance-Based Restricted Share Grant in an APPENDIX B to this Agreement on or before March 31st of each year. The Company agrees that in negotiating the Performance-Based Share Grant each year, it shall not materially diminish the Executive’s potential earning opportunity due to the Executive’s change in roles from CEO to President below the earning opportunity contemplated by the initial Appendix B agreed to in May 2018.
Sample 1
Performance-Based Restricted Share Grant. (A) As soon as practicable after the Effective Date of this Third Amendment, Employee shall receive under the Stock Incentive Plan an additional grant of Restricted Shares with a value of One Million Three Hundred Fifty Thousand Dollars ($1,350,000) determined as of the Effective Date of this Third Amendment as previously approved by the HRCC.
Sample 1

Related to Performance-Based Restricted Share Grant

  • 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.

  • 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 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.

  • 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.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • 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.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

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