Performance SARs Sample Clauses

Performance SARs. Except in the case that your employment or other association is terminated or there is a Change in Control prior to March 1, 2012, as set forth below, the remaining twenty-five percent (25%) of the number of shares at target level will vest on March 1, 2012, following certification by the Committee of the performance of the Company based on the level of the Company’s net operating profit after taxes (“NOPAT”) less a charge for the Company’s weighted average cost of capital (“WACC”), in the aggregate for the 2009 through 2011 fiscal years. If the Company’s performance target is met for the three-year performance period, the remaining 25 percent (25%) of the shares will vest and become exercisable on March 1, 2012. If the Company’s performance meets the minimum specified performance threshold level but falls below the target level, a portion of the performance-based grants of SARs will vest on a pro rata basis. If the Company’s performance exceeds the target level, you may receive additional SARs up to a maximum of 150 percent (150%) of the target level award.
Sample 1Sample 2
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Performance SARs. Except in the case that your employment or other association is terminated or there is a Change in Control prior to March 1, 20XX, as set forth below, the remaining ________ percent (XX%) of the number of shares at target level will vest on March 1, 20XX, following certification by the Committee of the Company's Economic Value Added (EVA) performance, in the aggregate for the 20XX through 20XX fiscal years, relative to the EVA performance of peer companies. EVA is essentially the Company's net operating profit after taxes (“NOPAT”) less a charge for the Company's weighted average cost of capital (“WACC”). For purposes of the peer group comparison, each company's EVA is normalized for the size of the respective company. If the Company's EVA performance is at the median level of peer group companies' EVA for the three-year performance period, the remaining ________ percent (XX%) of the shares will vest and become exercisable on March 1, 20XX. If the Company's performance falls below the peer group median EVA and above forty-percent (40%) of peer companies' EVA, a portion of the performance-based grants of SARs will vest on a pro-rata basis. If the Company's performance exceeds the median EVA performance level, you may receive additional SARs up to a maximum of 200 percent (200%) of the target level award.
Sample 1
Performance SARs. Except in the case that your employment or other association is terminated or there is a Change in Control prior to March 1, 2014, as set forth below, the remaining twenty-five percent (25%) of the number of shares at target level will vest on March 1, 2014, following certification by the Committee of the performance of the Company based on the level of the Company’s net operating profit after taxes (“NOPAT”) less a charge for the Company’s weighted average cost of capital (“WACC”), in the aggregate for the 2011 through 2013 fiscal years. If the Company’s EPA growth is above the threshold level and meets or exceeds the median performance of the peer group for the three-year performance period, the remaining 25 percent (25%) of the shares will vest and become exercisable on March 1, 2014. If the Company’s performance meets the minimum specified performance threshold level but falls below the peer group median EPA, a portion of the performance-based grants of SARs will vest on a pro-rata basis. If the Company’s performance exceeds the median EPA performance level, you may receive additional SARs up to a maximum of 150 percent (150%) of the target level award.
Sample 1
Performance SARs. Except in the case that your employment or other association is terminated or there is a Change in Control prior to March 1, 2015, as set forth below, the remaining fifty percent (50%) of the number of shares at target level will vest on March 1, 2015, following certification by the Committee of the Company's Economic Value Added (EVA) performance, in the aggregate for the 2012 through 2014 fiscal years, relative to the EVA performance of peer companies. XXX is essentially the Company's net operating profit after taxes (“NOPAT”) less a charge for the Company's weighted average cost of capital (“WACC”). For purposes of the peer group comparison, each company's EVA is normalized for the size of the respective company. If the Company's EVA performance is at the median level of peer group companies' EVA for the three-year performance period, the remaining fifty percent (50%) of the shares will vest and become exercisable on March 1, 2015. If the Company's performance falls below the peer group median EVA and above forty-percent (40%) of peer companies' EVA, a portion of the performance-based grants of SARs will vest on a pro-rata basis. If the Company's performance exceeds the median EVA performance level, you may receive additional SARs up to a maximum of 200 percent (200%) of the target level award.
Sample 1

Related to Performance SARs

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

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Cash Award Subject to Section 2 and provided that you are employed by the Company or one of its affiliates on each applicable payment date set forth below, the Company shall pay you the Cash Award at the following times: (i) one-third (1/3) of the Cash Award on the Closing Date, (ii) one-third (1/3) of the Cash Award on the first anniversary of the Closing Date and (iii) the remaining one-third (1/3) of the Cash Award on the second anniversary of the Closing Date.

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