Confirmed Performance Awards definition

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Confirmed Performance Awards means the number of Performance Awards (rounded to the nearest whole share) equal to the Target Award times the Performance Multiplier, as determined by the Committee in accordance with Exhibit A; provided, however, that if (i) a Qualifying Change of Control occurs on or before the Confirmation Date and while Grantee remains employed by the Company and/or its Affiliates, or (ii) Grantee’s employment is terminated under the circumstances described in Section 3(a) below on or before the Confirmation Date, the number of Confirmed Performance Awards shall in each case equal the Target Award, regardless of the Threshold Performance Goal or any other performance considerations. The term “Confirmed Performance Awards” shall also include any Performance Awards converted from dividend equivalents after the Confirmation Date or, if earlier, a Qualifying Change of Control or the termination of Grantee’s employment under the circumstances described in Section 3(a) below.

Confirmed Performance Awards means the Performance Awards that have been earned based on the achievement of EQM TSR targets for the Performance Period, as determined by the EQT Compensation Committee in accordance with Exhibit A. Confirmed Performance Awards are subject to additional employment service conditions as provided in Section 2 of this Agreement.

Examples of Confirmed Performance Awards in a sentence

Such awards shall be paid on the Payment Date in shares of the Company’s Common Stock, equal to one share of Common Stock times the number of Confirmed Performance Awards then vesting.
Any Performance Awards that do not become Confirmed Performance Awards will immediately be forfeited to the Company without further consideration or any act or action by Grantee.
Except as set forth below, such awards shall be paid on the Payment Date in shares of Common Stock, equal to one share of Common Stock times the number of Confirmed Performance Awards then vesting.
Except as set forth below, such awards shall be paid on the Payment Date in Common Units, equal to one Common Unit times the number of Confirmed Performance Awards then vesting.
Any Performance Awards that do not become Confirmed Performance Awards will immediately be forfeited without further consideration or any act or action by Grantee.
Notwithstanding the foregoing, in the event of an EQT Change of Control, an EQM Change of Control, or a Unit Delisting Event, the Company may elect to pay the Confirmed Performance Awards on the Payment Date in cash, in an amount equal to the number of Common Units otherwise payable multiplied by the Fair Market Value of the Common Units as of the end of the Performance Period.
The Payment Date for Confirmed Performance Awards vesting pursuant to Section 2(b)(i) shall be a date selected by the Company that is no later than 60 days after the date of the EQT Change of Control.
Confirmed Performance Awards shall be paid on the Payment Date in Common Units, on the basis of one Common Unit for each Confirmed Performance Award (rounded to the nearest whole Common Unit).
The Payment Date for Confirmed Performance Awards vesting pursuant to Section 2(b)(ii) shall be a date selected by the Company that is no later than 60 days after (i) December 31, 2015, or (ii) the end of then-current Quarterly Extension, if applicable.
Grantee’s Confirmed Performance Awards shall be determined by multiplying the Target Award by the Performance Multiplier.

More Definitions of Confirmed Performance Awards

Confirmed Performance Awards means the number of Performance Awards (rounded to the nearest whole Common Unit) equal to the Target Award times the Performance Multiplier, as determined by the EQT Compensation Committee in accordance with Exhibit A; provided, however, that if an EQT Change of Control, an EQM Change of Control or a Unit Delisting Event occurs on or before the Confirmation Date and while Grantee remains employed by the Company and/or its Affiliates, the number of Confirmed Performance Awards shall equal the Target Award, regardless of the Threshold Performance Goal or any other performance considerations. The term “Confirmed Performance Awards” shall also include any Performance Awards accumulated after the Confirmation Date or, if earlier, an EQT Change of Control, an EQM Change of Control or a Unit Delisting Event pursuant to Section 4 below.

Confirmed Performance Awards means the number of Performance Awards (rounded to the nearest whole share) equal to the Target Award times the Performance Multiplier, as determined by the Committee in accordance with Exhibit A; provided, however, that if a Change of Control occurs on or before the Confirmation Date and while Grantee remains employed by the Company and/or its Affiliates, the number of Confirmed Performance Awards shall equal the Target Award, regardless of the Threshold Performance Goal or any other performance considerations. The term “Confirmed Performance Awards” shall also include any Performance Awards converted from dividend equivalents after the Confirmation Date or, if earlier, a Change of Control pursuant to Section 4 below.