Common use of Performance Restricted Stock Units Clause in Contracts

Performance Restricted Stock Units. In order to encourage the Participant’s contribution to the successful performance of the Company, and in consideration of the covenants and promises of the Participant herein contained, the Company hereby grants to the Participant as of the Date of Grant, an Award of «M___of_Shares_Granted» Performance Restricted Stock Units (the “Performance Shares”), which may be converted into the number of shares of Common Stock of the Company equal to the number of vested Performance Shares, subject to the conditions and restrictions set forth below and in the Plan.

Performance Restricted Stock Units. In order to encourage the Participant’s contribution to the successful performance of the Company, and in consideration of the covenants and promises of the Participant herein contained, the Company hereby grants to the Participant as of the Date of Grant, an Award of «M___of_Shares_GrantedM__of_Shares_Granted» Performance Restricted Stock Units (the “Performance Shares”), which may be converted into the number of shares of Common Stock of the Company equal to the number of vested Performance Shares, subject to the conditions and restrictions set forth below and in the Plan.