Examples of Performance Share Units in a sentence
The number of Performance Share Units that vest based on the Corporation’s performance relative to the Performance Measures will be determined based on the following vesting schedule: Company performance over three- year periodPercent of units granted that will vestAbove target150%Target100%Below target50% 5.
The payment in respect of Performance Share Units held by the Participant shall be satisfied by the issuance of Class A common shares to the Participant upon vesting.
For greater certainty, where the Performance Multiple is greater than 100 per cent, the number of Vested Performance Share Units of a Participant will be greater than the aggregate of the number of Performance Share Units granted to the Participant and the number of Performance Share Units issuable to each such Participant in respect of any Dividend Equivalents.
Subject to the terms of the Plan, the Committee will pay vested Performance Share Units in Shares issued from treasury or, at the sole discretion of the Committee, a cash payment equal to the value of the vested Performance Share Units at the end of the applicable Performance Period.
Unless otherwise determined by the Board, there will be no Exercise Price for Performance Share Units.