Examples of Performance Share Unit Plan in a sentence
The grant was subject to the Performance Share Unit Plan (the "Plan") being approved by the Board of Directors as well as regulatory and shareholder approval.
Your awards outstanding as of the date hereof under the Flagstone Reinsurance Holdings, S.A. Performance Share Unit Plan shall be treated and settled in accordance with Sections 2.04 through 2.06 of the Merger Agreement.
As further described hereunder, the components of compensation include a base salary, a Short-Term Incentive Plan (profit sharing plan), and a Long-Term Incentive Plan made up of the Stock Option Plan and the Performance Share Unit Plan and retirement benefits.
Restricted Performance Share Unit Plan: Restricted Performance Share Units ("RPSU") are equity-settled and are awarded to certain employees as a percentage of their annual long-term incentive award grant.
The fair value of awards granted under the Long-Term Retention and Incentive Plan ("LTRIP"), the Deferred Share Unit Plan ("DSU"), the Performance Share Unit Plan ("PSU") and Restricted Rights governed by the CSRIP are based on a fair value calculation on each reporting date using the awards outstanding and Penn West's share price from the Toronto Stock Exchange ("TSX") on each balance sheet date.