Definition of Performance Unit Grant


Performance Unit Grant means an Award of monetary units granted pursuant to the provisions of Section 9 of the Plan.

Examples of Performance Unit Grant in a sentence

In the case of a Performance Unit Grant, the Participant shall be entitled to receive payment for each unit earned in an amount equal to the dollar value of each unit times the number of units earned.
The terms of the grant are subject to the terms of the Plan and this Performance Unit Grant Agreement (this Agreement), which includes Attachment A hereto.
The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the "Performance Units"), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.
The Company has previously granted to Executive Performance Share Units of which some have been converted into Performance Shares (which are not aggregated in the forgoing description of Restricted Shares) as set forth in Exhibit A hereto, and may, in the Committee's discretion, grant to Executive further Performance Share Units (collectively, the "Performance Units"), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.
Assume the following: Performance Unit Grant of 1,000 units Threshold, Target, and Maximum Award Modifiers of 50%, 100%, and 200% respectively [Performance Goal A] performance at [ ] (precisely halfway between the Target and Maximum Milestones) Performance of [ ] for [Performance Goal B] (precisely the Target Milestone) Performance Goals are equally weighted.