Examples of Amended Agreements in a sentence
In calculating the number of performance shares and restricted stock under the Amended Agreements, the value of the performance shares granted under the Original Agreements (determined as of the date of the original awards) was first reduced by two-thirds (for the 2007-2009 performance awards) and one-third (for the 2008-2010 performanceawards).
The awards under the Original Agreements and Amended Agreements were made under the Company’s Long-Term Incentive Plan (the “LTIP”), which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed May 4, 2007, and is incorporated by reference.
The two equally weighted performance share award metrics under the Amended Agreements are funds from operations as a percentage of total adjusted debt and earnings per share.
The Amended Agreements provide for a combination of performance shares and time-based restricted stock.