Performance Unit Plan definition

Performance Unit Plan means the H.B. Fuller Company Performance Unit Plan, as amended.
View Source
Performance Unit Plan means Fund’s Performance Unit Plan effective October 11, 2005, as amended from time to time in accordance with its terms;
View Source
Performance Unit Plan. Participation through December 31, 2002. Vesting shall be accelerated as of the Severance Date such that all Units credited to the Account of Executive for services through December 31, 2002, shall be 100% vested and he shall not be entitled to any further Units under the Performance Unit Plan. Payment shall be accelerated to March 1, 2005; provided, however, that the Valuation Date as defined in the Performance Unit Plan shall be December 31, 2004.
View Source

Examples of Performance Unit Plan in a sentence

  • Any such payment shall be in lieu of any payment otherwise due under the Company's "Annual Incentive Plan" or "Performance Unit Plan" for the year in which the Executive's termination occurs.

  • Performance Share Units are originally awarded on the basis of one Performance Share Unit to one Unit Delivered Share, subject to adjustment depending on the level of achievement set forth in the Performance Unit Plan Schedule.

  • Executive’s then outstanding Company equity awards, including Executive’s outstanding awards under the Company’s Performance Unit Plan (the “Equity Awards”), will accelerate vesting by the amount that would otherwise have vested had Executive remained employed for six (6) months following the termination date.

  • Performance Unit Plan effective for performance cycles ending on or before December 31, 2007.

  • The Executive Performance Unit Plan (EPUP) pays incentive awards related to the achievement of Bank performance over a three-year performance period.

  • Employee will be eligible to participate in the Performance Unit Plan of the Company pursuant to the terms of that plan.

  • Employee will be eligible to participate in the Performance Unit Plan (the “PUP”) of the Company pursuant to the terms of that plan and such terms as shall be established by the Compensation Committee of the Board.

  • In addition, during the Term, Executive shall participate, on comparable terms, in the Guarantor's long term incentive plan (i.e., the Performance Unit Plan or any successor thereto) in which similarly situated executives of the Company participate.

  • The Executive Performance Unit Plan rewards four levels of performance achievement, as follows: Far Exceeds The most optimistic achievement level that far exceeds expected performance.

  • Executive shall participate in the Performance Unit Plan of the Company set forth in Attachment 3 to this Agreement.

Related to Performance Unit Plan

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;