Common use of Performance Unit Program Clause in Contracts

Performance Unit Program. Employee will be eligible to participate in the Company’ Performance Unit Program (PUP). For the 2005 PUP, Employee shall be granted Twenty-Five Thousand (25,000) Units with an effective date of January 1, 2005; such grant is subject to the terms and conditions of the PUP Letter Agreement and PUP Term Sheet, to be provided to Employee under separate cover. Participation and awards for future years are subject to the discretion and approval of the Board of Directors or relevant Board Committee.

Performance Unit Program. Employee will be eligible to participate in the Company’ ’s Performance Unit Program (PUP). For the 2005 PUP, Employee shall be granted Twenty-Five Thirty Thousand (25,00030,000) Units with an effective date of January 1, 2005; such grant is subject to the terms and conditions of the PUP Letter Agreement and PUP Term Sheet, to be provided to Employee under separate cover. Participation and awards for future years are subject to the discretion and approval of the Board of Directors or relevant Board Committee.

Performance Unit Program. Employee will be eligible to participate in the Company’ ’s Performance Unit Program (PUP). For the 2005 PUP, Employee shall be granted Twenty-Five Thousand (25,00020,000) Units with an effective date of January 1, 2005; such grant is subject to the terms and conditions of the PUP Letter Agreement and PUP Term Sheet, to be provided to Employee under separate cover. Participation and awards for future years are subject to the discretion and approval of the Board of Directors or relevant Board Committee.