Performance Accelerated Restricted Stock Unit definition

Performance Accelerated Restricted Stock Unit. , or PARSU, means a contingent obligation of the Company to deliver one share of Common Stock to the participant; and
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Examples of Performance Accelerated Restricted Stock Unit in a sentence

  • Each Performance Accelerated Restricted Stock Unit not vested by the Vesting Time applicable to such unit shall be forfeited.

  • Unless the Holder has made a deferral election in accordance with the Company’s Performance Accelerated Restricted Stock Unit Deferred Compensation Plan, the Company shall make a lump sum payment to the Holder in shares of Common Stock with respect to the Units and Dividend Equivalent Units then credited to the Account each time the Units vest.

  • In the event a particular Performance Accelerated Restricted Stock Unit is paid out and not forfeited, the dividend equivalents to the extent accrued on such Performance Accelerated Restricted Stock Unit prior to the Vesting Time (or in the event of a Change of Control, the Valuation Date) shall be paid in cash to the Participant at the time of payment of the Performance Accelerated Restricted Stock Unit.

  • If any Performance Accelerated Restricted Stock Unit is forfeited for any reason, the deferred and accrued dividend equivalents relating to that Performance Accelerated Restricted Stock Unit shall also be forfeited and shall not be paid out.

  • Performance Accelerated Restricted Stock Unit Agreement dated February 29, 1996 for 200,000 PARS (this agreement remains in effect with respect to 50,000 PARS, as the Executive previously received 150,000 shares of common stock of the Company upon the conversion of 150,000 PARS) (grant # 003317).

  • Performance Accelerated Restricted Stock Unit Agreement dated March 1, 1996 for 20,600 PARS (grant # 003491).