Examples of Performance Shares in a sentence
After the Effective Time, all Company Stock Plans shall be terminated and no further Options, Restricted Stock, Performance Shares, or other rights with respect to shares of Company Common Stock shall be granted thereunder.
The Company shall take all actions necessary to ensure that from and after the Effective Time none of Ultimate Parent, Parent or the Surviving Corporation will be required to deliver shares of Company Common Stock or other capital stock of the Company to any Person pursuant to or in settlement of Options, Restricted Stock or Performance Shares from and after the Effective Time.
The number of Target Performance Shares shall be used solely to calculate the maximum number of Common Shares that may be issued to Participant under this Agreement.
In no event may the number of actual Performance-Qualified Shares exceed one hundred percent (100%) of the Target Performance Shares.
Vesting of the Performance Shares will be determined at the sole discretion of the Company’s Board of Directors, which will be reviewed no later than March 31 following each calendar year, upon completion of the Company’s annual review cycle.