Performance Share Program Clause Samples
Performance Share Program. (a) Immediately prior to the Effective Time, each ongoing performance period under the COP Performance Share Program shall be truncated and COP PSUs shall be granted on a prorated basis based on the portion of each performance period that has elapsed prior to the Effective Time to COP Group Employees and ▇▇▇▇▇▇▇▇ 66 Group Employees who are participating in the COP Performance Share Program immediately prior to the Effective Time based on actual performance as compared to the applicable quantitative and qualitative measures during each ongoing performance period.
(b) Not later than the Effective Time, ▇▇▇▇▇▇▇▇ 66 shall, or shall cause another ▇▇▇▇▇▇▇▇ 66 Entity to, adopt a performance share program that is substantially similar to the COP Performance Share Program and shall provide compensation opportunities under the ▇▇▇▇▇▇▇▇ 66 performance share program to each ▇▇▇▇▇▇▇▇ 66 Group Employee who participated in the COP Performance Share Program immediately prior to the Effective Time that are substantially similar to the compensation opportunities that such ▇▇▇▇▇▇▇▇ 66 Group Employees had under the COP Performance Share Program immediately prior to the Effective Time.
(c) Immediately following the Effective Time, COP shall provide the COP Group Employees who participated in the COP Performance Share Program immediately prior to the Effective Time with compensation opportunities under the COP Performance Share Program that are substantially similar to the compensation opportunities that such COP Group Employees had under the COP Performance Share Program immediately prior to the Effective Time.
Performance Share Program. Effective as of the Initial Payment Date, the Employee shall forfeit and/or relinquish any and all interests and rights under the Company's Performance Share Program, for any and all performance periods. Employee acknowledges that he is not entitled to any future participation or payouts with respect to the Performance Share Program.
Performance Share Program. The Company represents and warrants that a maximum of 300,000 shares of Common Stock have been issued to the NetLive Communications, Inc. Performance Share Program Trust (the "Trust") pursuant to the Plan and that 106,000 shares of Common Stock have been awarded under the Plan as of the date hereof. The Company agrees that it will not authorize the issuance to the Trust of more than the 300,000 shares of Common Stock previously issued to the Trust and the remaining 194,000 shares of Common Stock issued to the Trust and not already awarded to NetLive employees (the "Remaining Shares") shall not be awarded under the Plan except in connection with any compensation packages awarded in connection with the recruitment and hiring and retention from time to time of the Company's new Chief Executive Officer and other senior management excluding ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇. The parties further agree that if all or at least 2/3 of the Remaining Shares are not so awarded by June 30, 1998, the Company will use its reasonable efforts to cause the Trust to return the unawarded Remaining Shares to the Company; provided that the unawarded Remaining Shares shall not be returned to the Company if such return cannot be done in accordance with all applicable laws or would have a material adverse tax effect.
Performance Share Program. 5 1.37 Plan .................................................................................................... 5 1.38 Ratio ................................................................................................... 5 1.39 Reasonable Efforts ...................................................................................... 5
Performance Share Program. 5 1.35 Plan....................................................................................................5 1.36 Ratio...................................................................................................5 1.37 Reasonable Efforts......................................................................................5 1.38 SARP....................................................................................................5 1.39 SARP Award..............................................................................................5 1.40 Section 414(l) Amount...................................................................................5 1.41 Separation and Distribution Agreement...................................................................5 1.42 Stock Purchase Plan.....................................................................................6 1.43 Teledyne................................................................................................6 1.44 Teledyne 401(k) Plan....................................................................................6 1.45 Teledyne Technologies Entity............................................................................5 1.46 Teledyne Technologies 401(k) Plan.......................................................................5 1.47 Teledyne Technologies Individual........................................................................5 1.48 Teledyne Technologies Pension Plan......................................................................6 1.49 Teledyne Technologies Pension Plan Participants.........................................................6 1.50 Teledyne Technologies Stock Value.......................................................................6
Performance Share Program. As of the date hereof, you have been credited, but not vested in, 12,000 Class A common shares (the “Credited Shares”) of American Greetings in accordance with and subject to the terms and conditions of the American Greetings Performance Share Program, and your June 26, 2009 Performance Share Grant Agreement. Promptly following the Separation Date, and subject to standard tax withholdings, you will be issued 12,000 fully vested and unrestricted Class A common shares (or such lesser amount to the extent that you elect to have shares withheld to pay taxes due on the vesting of such shares), which amount represents 100% of the Credited Shares that were scheduled to vest on February 28, 2013. All other Credited Shares, together with any other performance shares that have not otherwise credited or vested under your June 26, 2009 Performance Share Grant Agreement, shall automatically terminate and be cancelled on the Separation Date.
Performance Share Program. Under the terms of the Performance Share Program (PSP), you will forfeit all outstanding awards. As of the date of this Letter Agreement, you will not be eligible for any additional PSP awards.