Your Award Sample Clauses
Your Award. Your current award under the Long-term Plan, to be granted only upon completion of an IPO, is incentive stock options for the purchase of 50,000 shares of common stock at $13.50 per share.
Your Award. You have been granted ______ PRSUs for the three-year period that begins on January 1, ____, and ends on December 31, ____ (the “Performance Period”). Subject to the terms of the Agreement, if the Committee determines (following the end of the Performance Period), that an average ROIC and the cumulative EPS was achieved by the Company at the Threshold Performance Score Percentage or greater, then a Share Award will be made to you on the Share Award Date. 302760 The Committee has established the following performance metrics that will be measured during the Performance Period. [Insert performance metrics.] The following Performance Score Percentages and performance goals have been established by the Committee for the Performance Period: Threshold40% Target100% Maximum200% For purposes of determining the number of PRSUs that would vest into Shares, subject to the Committee’s right to exercise negative discretion, the overall Performance Score Percentage will be calculated [insert weighting if more than one Performance Goal].