Examples of Performance Cash Award in a sentence
The Committee may include as vesting conditions or as conditions for any Award of Stock Units, and shall include as a condition for a Performance Cash Award, the requirement that the performance of the Company or a business unit of the Company for a specified period equal or exceed a target determined in advance by the Committee.
Each Performance Cash Award shall be contingent on the satisfaction of a performance target intended to satisfy the requirements of Section 162(m) of the Code.
To the extent that an Award is granted in the form of Stock Units or a Performance Cash Award, no cash consideration shall be required of the Award recipients.
The provisions of the various Stock Unit and Performance Cash Award Agreements entered into under the Plan need not be identical.
Performance Cash Awards shall be settled in cash in accordance with the terms of the applicable Performance Cash Award Agreement.