Examples of Performance Stock Shares in a sentence
Effective as of the Grant Date, the Company shall cause to be issued in the Awardee’s name the following Performance Stock Shares shares of the Company’s common stock, $.01 par value.
Notwithstanding any provisions of Section 4 to the contrary, in the event the Awardee’s service as an employee is terminated due to the death or Disability of the Awardee prior to a date provided in subsections (b), the Forfeiture Restrictions for all of the Performance Stock Shares with respect to which Forfeiture Restrictions have not then lapsed shall lapse on the date of such cessation of service due to death or Disability.
The Awardee also agrees (a) that the Company may refuse to cause the transfer of the Performance Stock Shares to be registered on the applicable stock transfer records if such proposed transfer would in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law and (b) that the Company may give related instructions to the transfer agent, if any, to stop registration of the transfer of the Performance Stock Shares.
The following table summarizes the Company’s stock award activity during the thirteen weeks ended April 30, 2022 (shares in thousands):Stock Options Restricted Stock Restricted Stock Units Performance Stock Shares Stock-based compensation expense was $9.1 million and $27.3 million for the thirteen weeks ended April 30, 2022 and May 1, 2021, respectively.
The Performance Stock Shares shall not vest either in part or in whole unless the performance goal set forth on the attached E xhibit 1 (the “Performance Goal”) is achieved by June 30, 2009 (the “Performance Date”).
The Performance Stock Shares that are granted hereby shall be subject to Forfeiture Restrictions.
If the earnings per share (dilutive) achieved by the Company for the fiscal year of the Company ending , equals or exceeds cents per share of common stock on a fully-dilutive basis, the Performance Stock Shares may then vest, if at all, as provided in Section 4(b).
If the earnings per share (basic) achieved by the Company for the fiscal year of the Company ending , is less than cents per share of common stock on a fully- dilutive basis, the Forfeiture Restrictions applicable to the Performance Stock Shares shall not lapse and all of the Performance Stock Shares shall be forfeited to the Company on .
The Company shall cause certificates evidencing the Performance Stock Shares, and any Retained Distributions issued with respect to the Performance Stock Shares, to be issued in the Awardee’s name.
The Awardee consents to the placing on the certificate for the Performance Stock Shares of an appropriate legend restricting resale or other transfer of the Performance Stock Shares except in accordance with the Securities Act of 1933 and all applicable rules thereunder.