Performance Shares or Performance Units Sample Clauses
The 'Performance Shares or Performance Units' clause defines the terms under which an employee or participant may be granted equity-based awards that are contingent on achieving specific performance goals. Typically, these awards are structured so that the number of shares or units earned depends on the attainment of pre-established company or individual performance metrics over a set period. For example, an executive might receive a certain number of shares if the company meets revenue or profit targets. This clause serves to align the interests of participants with the company's objectives by incentivizing performance and providing a clear framework for how such awards are earned and distributed.
Performance Shares or Performance Units. The maximum aggregate grant with respect to Awards of Performance Shares or Performance Units granted in any one Fiscal Year to any one Participant shall be two hundred fifty thousand (250,000) Shares.
Performance Shares or Performance Units. The maximum aggregate value, measured at target, for Awards of Performance Shares or Performance Units granted in any Fiscal Year to any one Participant shall be $5,000,000.