Target Number of Performance Shares. The actual number of shares of Common Stock that may become issuable pursuant to the Performance Shares subject to this Agreement shall be determined in accordance with the performance-vesting and Continuous Service vesting provisions of attached Schedule I. For purposes of the applicable calculations under Schedule I, the target number of Performance Shares to be utilized is [SHARES] shares (the “Target Shares”). The Performance Shares shall be divided into three separate Tranches with one third (1/3) of the Target Shares allocated to each such Tranche.
Target Number of Performance Shares. The Target Number of Performance Shares for the Employee under this Agreement is ____________________. The number of Common Shares ultimately received, if any, for Performance Shares earned under this Agreement will be determined pursuant to Section 3 of this Agreement. For purposes of this Agreement, "Common Shares" shall mean the Company's authorized voting common stock, par value $0.01, and “Performance Shares” shall mean the number of Common Shares earned under this Agreement.
Target Number of Performance Shares. The target number of Performance Shares granted to the Grantee under this Agreement shall be ________.
Target Number of Performance Shares. [ ]. The actual number of shares of Performance Shares earned, if any, will be determined based on the table set forth in Section 2(b) below and subject to the limitations set forth in this Agreement.
Target Number of Performance Shares. The actual number of Shares that may become issuable pursuant to the Performance Shares subject to this Agreement will be determined in accordance with the performance-vesting and Continuous Service vesting provisions of attached Schedule I. For purposes of the applicable calculations under Schedule I, the target number of Performance Shares to be utilized is _____ shares (the “Target Shares”).
Target Number of Performance Shares. [ ] (the “Target Performance Shares”). As set forth on Attachment B, the Participant may earn between 0% - 200% of the Target Performance Shares depending on the level of achievement of performance criteria. Performance Period and Measures See Attachment B. Xxxxx Date [ ], 2017 Restricted Stock Issue Date The date on which the Performance Shares are earned following completion of the performance criteria with respect to each performance Measurement Period. Vesting Schedule Subject to Section 3 of Attachment A, the Restricted Stock shall vest and become non-forfeitable at a rate of 50% on each of the first two anniversaries of the applicable Restricted Stock Issue Date. Attachment A Performance Share and Restricted Stock Award Agreement Terms and Conditions Grant to: [ ]
Target Number of Performance Shares. XXXX. The number of shares of Arrow stock ("Shares") ultimately earned, if any, for the Performance Shares will be determined based on the table below.
Target Number of Performance Shares. The target number of Performance Shares (the “Target Number”) is set forth on the cover page to this Agreement and is incorporated herein by reference. The actual number of Performance Shares earned, if any, will be determined based on the table set forth in Section 2(b) below and subject to the limitations set forth in this Agreement.
Target Number of Performance Shares. The Target Number of Performance Shares shall be used solely to calculate the maximum number of Shares that may be issued to the Participant under this Award Agreement (“Performance-Qualified Shares”). The number of Performance-Qualified Shares to which the Participant may become entitled shall be calculated by multiplying the designated Target Number of Performance Shares by a percentage ranging from zero (0%) to two hundred percent (200%) based on the attained level of Company performance for the Performance Period as set forth in Schedule 1 hereto. The number of Performance-Qualified Shares may exceed two hundred percent (200%) of the Target Number of Performance Shares, based on actual performance in accordance with Schedule 1 hereto. Notwithstanding the foregoing, (i) in the event of a Change in Control during the Performance Period, the number of Performance-Qualified Shares issuable under this Award shall be determined as set forth in Section 4 below and (ii) in the event the Participant’s Service ceases prior to the Vesting Date by reason of death or Disability, the number of Performance-Qualified Shares used to determine the number of Shares issuable under Section 3(b)(ii) shall be based on the actual level of Performance Criteria attainment through the most recently completed calendar quarter prior to the date of death or Disability (or the Performance-Qualified Shares determined in accordance with Section 4 if a Change in Control occurs prior to the date of death or Disability).
Target Number of Performance Shares. [# of shares] (the “Target Performance Shares”)
