Examples of Performance Share Payment in a sentence
Except as provided in Sections 13 or 14, such delivery shall take place on the Performance Share Payment Date.
Such delivery shall take place on the Performance Share Payment Date.
In the event of the occurrence of a Change in Control that is not a “change in control event” within the meaning of Section 409A of the Code, the vesting of the Performance Shares shall be accelerated and the Performance Shares shall be paid out at the earlier of the Employee’s termination of employment (subject to Section 17) or the Performance Share Payment Date.
Notwithstanding any provision of the Plan or a Performance Share Deferral Election to the contrary, the amount withheld from any Performance Share Payment shall be reduced automatically, if necessary, so that it does not exceed the amount of such payment net of all withholding, allotments and deductions, other than any reduction pursuant to such Performance Share Deferral Election.
The Participant may make a separate election for his or her deferred Base Salary and deferred Annual Bonus for each Plan Year and deferred Performance Share Payment for each Performance Period.
Each Performance Share Deferral Election that is made by a Participant shall be effective with respect to the specified portion of Performance Share Payment, if any, under the Performance Share Award to which it relates, but shall not apply to any subsequent Performance Share Award.
Each individual who is an Eligible Executive as of the first day of a Plan Year and is employed by a Participating Company before the beginning of such Plan Year shall be eligible to defer a portion of such Eligible Executive's Base Salary, Annual Bonus and Performance Share Payment, if any, and thereby to actively participate in the Plan for such Plan Year.
If for any reason the entire amount of the Participant's Deferral Contributions so elected are not made, the Participant's Account shall be automatically adjusted, retroactively to the first day of such Plan Year (or, if applicable, the effective date of participation of a Participant described in Section 2.2), to reflect the amount of Deferral Contributions actually made from Base Salary (or pursuant to Section 3.4, if applicable), Annual Bonus and/or Performance Share Payment during the Plan Year.
Subject to Section 3.2(a)(iv), a Performance Share Deferral Election shall be effective for the Performance Share Payment earned during the Performance Period with respect to which such election is made.
In the event that the price of a share of the Company’s Common Stock on the Performance Share Payment Date is more than 300% of the price of a share of the Company’s Common Stock on the Performance Period Commencement Date, the number of shares delivered under the Award will be reduced so the value of the Award does not exceed 300% of the price of a share of the Company’s Common Stock on the Performance Period Commencement Date multiplied by the number of Performance Shares earned.