Cash Performance Unit definition
Examples of Cash Performance Unit in a sentence
A Cash Performance Unit with respect to which the terms and conditions are set forth in Section 3(c) of this Agreement.
A Cash Performance Unit with respect to which the terms and conditions are set forth in Section 3(g) of this Agreement.
The Cash Performance Unit Grant for the number of Units specified above is granted to you under, and governed by the terms and conditions of, the Plan and this Grant Agreement.
In the event of the Participant’s breach of any of the Restrictive Covenants, the Cash Performance Units (whether vested or unvested) shall immediately be forfeited and the Participant may be required to repay any amount previously paid to the Participant by the Company with respect to a vested Cash Performance Unit.
Each Cash Performance Unit entitles the Participant to a cash payment based on the Target Performance Value and the Company’s Stock Price Performance during the applicable Performance Sub-Period (each as defined below).
Subject to the terms and conditions of the 2008 CPU Plan, Executive shall be entitled to payment for one-third (1/3rd) of the Performance Units (as defined in the 2008 CPU Plan) granted to Executive pursuant to the Fiscal Year 2010 Cash Performance Unit Program after the end of the relevant performance period based on actual Company performance.
The target performance value of each Cash Performance Unit is $1.00 (the “Target Performance Value”).
You are eligible for a payout under the Cash Performance Unit Plan (“CPUP”) consistent with the administrative guidelines for the 2007-2009 CPUP awards and based on McDonald’s performance as determined by the Compensation Committee at the end of the 2007-2009 CPUP performance cycle.