Qualified Performance Shares definition

Qualified Performance Shares means an Award of Performance Shares that is intended to qualify under Section 162(m) and is made subject to performance goals based upon Qualified Business Measures.
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Examples of Qualified Performance Shares in a sentence

  • Subject to clause (f) below, if the Participant incurs a Termination due to Retirement, upon the Regular Vesting Date, the Forfeiture Restriction shall lapse with respect to the Retirement Fraction of the Qualified Performance Shares, and the Participant will immediately forfeit the remaining unvested Performance Shares to the Company for no consideration.

  • If the Participant incurs a Termination due to Disability, upon the Regular Vesting Date, the Forfeiture Restriction shall lapse with respect to the Qualified Performance Shares, and the Participant will immediately forfeit the remaining unvested Performance Shares to the Company for no consideration.

  • Subject to approval of ProAssurance Compensation Committee, award of Restricted Stock Units and Qualified Performance Shares at the level of ProAssurance Vice Presidents.

  • Subject to approval of ProAssurance Compensation Committee, senior executive level award of Restricted Stock Units and Qualified Performance Shares.