Performance Share Unit Award definition

Performance Share Unit Award means a right granted to a Participant under Article 9, to receive cash, Stock, or other property in the future that is subject to certain restrictions and to risk of forfeiture upon failure to achieve Performance Targets.
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Performance Share Unit Award means the opportunity to earn the Settlement Level of a specified number of Performance Share Units.
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Performance Share Unit Award means an award of Performance Share Units under this Plan.
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Examples of Performance Share Unit Award in a sentence

  • The Performance Share Unit Award Agreement is governed by and is to be construed according to the laws of the State of New York that apply to agreements made and performed in that state, without regard to its choice of law provisions.

  • If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited.

  • In accordance with, and subject to, the terms of the Plan, the Company hereby grants to Employee a Performance Share Unit Award (the “Award”) subject to the terms and conditions set forth herein.

  • If the Participant’s employment is terminated at the instance of the Company or relevant subsidiary without Cause (as defined below) on or prior to the end of the first year of the Award Period, the Performance Share Unit Award will be forfeited.

  • If the Participant terminates his or her employment (e.g., by voluntary resigning) other than by retirement, which is subject to paragraph 4(b) above, the Performance Share Unit Award will be forfeited.


More Definitions of Performance Share Unit Award

Performance Share Unit Award means an Award of Performance Share Units that, upon attainment of the performance goals, entitles the Participant to shares of Common Stock.
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Performance Share Unit Award means a Performance Share Unit Award granted under the Plan in 2014.
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Performance Share Unit Award means an award of Performance Share Units under this Plan to a Participant;
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Performance Share Unit Award means an award of Share units based on target performance measures under Section 10 hereof.
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Performance Share Unit Award means an Award consisting of Performance Share Units described in Article VI that may be dependent upon the achievement of Performance Goals.
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Performance Share Unit Award means a right to acquire Shares granted under the Plan which is subject to the satisfaction of a Performance Condition as determined by the Committee;
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Performance Share Unit Award means any Award of Performance Share Units granted pursuant to Section 6(h) hereof. (cc) “Related Entity” means any Subsidiary, and any business, corporation, partnership, limited liability company or other entity
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