Performance Plan Shares definition

Performance Plan Shares means an aggregate of One Million Four Hundred Thousand (1,400,000) shares of Washington Common Stock, representing the number of shares of Washington Common Stock that would have been distributed in the Distribution in respect of One Million Four Hundred Thousand (1,400,000) shares of Conexant Common Stock reserved for issuance to holders of outstanding Performance Units under the Conexant Systems, Inc. 2001 Performance Share Plan if those shares of Conexant Common Stock had been issued and outstanding as of the Record Date.
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Performance Plan Shares means that number of shares of Parent Common Stock equal to (i) $3,500,000 (Three Million Five Hundred Thousand U.S. Dollars), divided by (ii) Parent Common Stock Price.
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Examples of Performance Plan Shares in a sentence

  • Parent has set aside the Performance Plan Shares for grant to the Company's employees in accordance with the provisions of Section 3.4. Parent and its Board of Directors has taken such actions as are necessary or appropriate to cause such grants to be effected as promptly as practicable after the Closing.

  • The number of Performance Plan Shares to be allocated to each recipient as of the Closing is set forth on Schedule 3.4(a).

Related to Performance Plan Shares

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

  • Stock Incentives means, collectively, Dividend Equivalent Rights, Incentive Stock Options, Non-Qualified Stock Options, Performance Unit Awards, Phantom Shares, Stock Appreciation Rights and Stock Awards.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Stock Bonus Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b).

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.