Performance Grants Sample Clauses

Performance Grants. In addition to the grant of restricted stock described above, if the Executive is employed by the Company on November 30, 2014, then no later than February 15, 2015, the Company shall grant the Executive up to 162,163 restricted shares of Company. If the Executive is employed by the Company on November 30, 2015, then no later than February 15, 2016 the Company shall grant the Executive up to an additional 162,163 of restricted shares of Company. Such performance grants (“Performance Grant”) shall be made under the Company’s 2012 Stock Plan. For the fiscal years December 1, 2013 to November 30, 2014 and December 1, 2014 to November 30, 2015, the Executive’s Performance Grant shall be a percentage of 162,163 equal to the sum of (x) the product of 16.67% and the number of the four performance grant criteria (the “Performance Grant Criteria”) achieved at the Target level and (y) the product of 8.33% and the number of the four Performance Grant Criteria achieved at the Stretch level. The Performance Grant Criteria for the fiscal year ending November 30, 2014 are set forth in the following schedule. Performance Grant Criteria for the fiscal year ending November 30, 2015 shall be based on the same two standards and the same four criteria all equally weighted and shall be established by January 15, 2015 by the Committee in its sole discretion after consultation with the Executive (except for the Subjective Performance criteria which shall be determined by the Committee by February 15, 2016). FYE 11/30/14 Target Stretch Diluted revenue per share for FYE 11/30/14 $1.91 $2.10 Weighted share price $2.75 $3.25 Diluted earnings per Share $.25 $.29 Subjective performance TBD by Comp Committee by grant date TBD by Comp Committee by grant date In determining whether the performance goals set forth above have been attained, the following shall be excluded: (i) reversal of any net operating loss (“NOL”) carry forwards that were treated as assets; (ii) expenses of litigation between the Company and Ki Xxxx Xxxx and (iii) any other non-recurring items of income or expense that the Committee deems to distort the inherent operating results of the Company. The second criteria consists of a weighted share price of the Company’s common shares which shall be calculated based on (i) the trading day average closing price for each of the last six months of the fiscal year and (ii) the weighting of each monthly average closing price from June through November such that the July average ...
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Performance Grants. In addition to the option grants described above, if the Executive is employed by the Company on November 30, 2018, then no later than February 28, 2019, the Company shall grant the Executive up to 40,000 qualified stock options for the Company’s stock. If the Executive is employed by the Company on November 30, 2019, then no later than February 28, 2020 the Company shall grant the Executive up to an additional 40,000 qualified stock options for the Company’ stock. Such performance grants shall be made under the Company’s 2012 Stock Plan or a subsequent Company stock plan. For the fiscal years December 1, 2017 to November 30, 2018 and December 1, 2018 to November 30, 2019, the Executive’s performance grant shall be a percentage of 40,000 qualified stock options equal to the sum of (i) the product of 11.11% and the six bonus criteria achieved based on the Company’s annual Net Revenue and Weighted Average Stock Price; and (ii) the product of 11.11% and the number of the three Subjective Performance criteria achieved. The performance grant criteria for the fiscal year ending November 30, 2018 are set forth in the following schedule. Unless otherwise agreed to in writing by the Executive and the Committee, performance grant criteria for the fiscal year ending November 30, 2019 shall be based on the same standards, and the same weightings as for the fiscal year ending November 30, 2018 and shall be established by February 28, 2019 by the Committee in its sole discretion after consultation with the Executive (except for the subjective performance criteria which shall be determined by the Committee by February 28, 2020). FYE 11/30/18 Threshold Target Stretch Net Revenue Increase for FYE 11/30/18 compared to FYE 11/30/2017 weighted 1/3 10 % 11 % 12 % Adjusted Net Income for FYE 11/30/16 weighted 25% $ 10.25 $ 11.00 $ 11.75 Subjective Performance weighted 1/3 TBD by Comp Committee by grant date TBD by Comp Committee by grant date TBD by Comp Committee by grant date The Net Revenue Increase performance grant criteria shall be based on the annual net revenue of the Company as set forth in its audited financial statement. The Weighted Average Stock Price shall be calculated based on: (i) the trading day average closing price of the Company’s stock for each of the last three months of the fiscal year; and (ii) the weighting of each monthly average closing price of the Company’s stock from September through November such that the October average closing price is weighte...
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Performance Grants. The Board will review the Superintendent’s performance no less than once each school year. If the Superintendent is evaluated as effective or highly effective for the preceding year, the Superintendent will be deemed eligible for a performance payment equivalent to the amount awarded to CSCSHC teachers with the same performance evaluation rating under performance grant statutes and/or similar programs. This provision only applies to years in which CSCHSC receives a teacher performance grant or similar performance award.
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Performance Grants. The dissemination of funds received by the school corporation will be distributed in accordance with the guidelines established by the Indiana Department of Education as well as through the corporation discussion process.
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Performance Grants. The Borrower shall, through NIPC and the Project Management Unit, follow the procedures set forth in the Project Implementation Manual for the selection of recipients and monitoring of Performance Grants under Parts A and B of the Project.
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Performance Grants. The Committee may grant Awards of Performance Grants either alone, or in conjunction with other Awards, either at the time of grant or by amendment thereafter. The Award of a Performance Grant to a Participant will entitle him to receive a specified amount determined by the Committee (the “Actual Value”), if the terms and conditions specified in this Plan and in the Award are satisfied. Each Award of a Performance Grant shall be subject to the applicable terms and conditions of this Plan, and to such other terms and conditions, including but not limited to, restrictions upon any cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, issued with respect to the Performance Grant, as the Committee, in its discretion, shall establish, and shall be embodied in an agreement in such form and substance as is determined by the Committee.
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Performance Grants a. Each year the major competition for Team USA will be announced.
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Performance Grants 
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Related to Performance Grants

  • 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.

  • 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 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 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 Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • 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 Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

  • RESTRICTED STOCK UNITS AWARD The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

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