Definition of Performance Share Award Share Payout


Performance Share Award Share Payout means an amount equal to the Payout or other calculation included in the Notice or Employment Agreement.

Examples of Performance Share Award Share Payout in a sentence

In the event the Performance Share Award Share Payout is to be made in Shares results in less than a whole number of Shares, the Performance Share Award Share Payout shall be rounded up or down to the next whole Share (no fractional Shares shall be issued in payment of a Performance Share Award).
Any Shares issued in respect of a Performance Share Award Share Payout shall be issued pursuant to the terms and conditions of the Omnibus Plan and shall reduce the number of Shares available for issuance thereunder.