Definition of Long-Term Performance Units

Long-Term Performance Units means the 173,750 performance-based restricted share units in respect of Valeant stock, granted to Executive on December 1, 2009.
Sample 1

Examples of Long-Term Performance Units in a sentence

No representations or promises are made to Participant regarding the value of the Long-Term Performance Units or Companys business prospects.
Long-Term Performance Units awarded pursuant to this Agreement may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated (a Transfer) other than by will or by the laws of descent and distribution, except as provided in the Plan.
Except as specifically set forth in this Agreement, the Participant shall not have voting or any other rights as a shareholder of the Company with respect to Long-Term Performance Units.
All payments of vested Long-Term Performance Units pursuant to this Agreement will be made in the form of shares of Common Stock.
The Long-Term Performance Units granted are subject to appropriate income tax withholding and other deductions required by applicable laws or regulations, and Participant and his successors will be responsible for all income and other taxes payable as a result of a payout under the Long-Term Performance Units or otherwise in connection with this Agreement.