Restricted Performance Share Unit definition

Restricted Performance Share Unit or “RSU” means an Award of a “Performance Share,” as such term is defined in the Plan.
Sample 1Sample 2Sample 3
Restricted Performance Share Unit or “RPSU” means restricted share units issued to employees of the Company pursuant to and in accordance with the Company’s Restricted Share Unit Plan, each representing upon expiry of the Restricted Period, and subject to performance conditions set out in the applicable award, a right to receive one Common Share subject to tax withholdings;
Sample 1Sample 2

Examples of Restricted Performance Share Unit in a sentence

  • DERs awarded with respect to Restricted Performance Share Units and deferred Shares will be expressed as a dollar amount, which will be applied to “purchase” additional Restricted Performance Share Units and notional shares of the Trust, as applicable (on which DERs will also be awarded), and will be settled in actual shares of the Trust (and in cash to the extent the Grantee’s account holds a fractional Restricted Performance Share Unit or notional share).

  • Reflects common shares withheld to satisfy payroll taxes due upon delivery of common shares under the reporting person's 2021-2023 Restricted Performance Share Unit Award.

  • Reflects the delivery of common shares under the reporting person's 2021-2023 Restricted Performance Share Unit Award.

  • To attract and retain individuals of superior talent.1 PLAN ADMINISTRATION Polo Ralph Lauren’s Human Resources Department administers the Restricted Performance Share Unit Award program.

  • Total return to shareholders (“TSR”) on one Share (expressed as a percentage) for the Trust over the Measurement Period, is the following: 12/31/22 Share Value of One Share$20+ Dividends over Measurement Period on One Share +1.92 $21.92Divided by 1/1/20 Share Value of One Share /$16 1.37 TSR 37% Participant A receives a Restricted Performance Share Unit award for 250 “Base Units” (as defined in the Program).

  • DERs awarded with respect to Restricted Performance Share Units and deferred Shares will be expressed as a dollar amount, which will be applied to “purchase” additional Restricted Performance Share Units and notional shares of the Trust, as applicable (on which DERs will also be awarded), and will be settled in actual shares of the Trust (and in cash to the extent the Grantee's account holds a fractional Restricted Performance Share Unit or notional share).

  • Performance units represent the right to earn common shares under our 2020-2022 Restricted Performance Share Unit Program (the “Performance Unit Program”).

  • The Committee desires to establish, and effective as of January 1, 2019 has established, a program under the Plan known as the “Brandywine Realty Trust 2019-2021 Restricted Performance Share Unit Program” for the 2019 through 2021 period for the benefit of certain officers of the Trust and Subsidiaries whereby such officers would receive Performance Shares under the Plan.

  • The Committee desires to establish, and effective as of January 1, 2020 has established, a program under the Plan known as the “Brandywine Realty Trust 2020-2022 Restricted Performance Share Unit Program” for the 2020 through 2022 period for the benefit of certain officers of the Trust and Subsidiaries whereby such officers would receive Performance Shares under the Plan.

  • Full Measurement PeriodAPPENDIX ABRANDYWINE REALTY TRUST2020-2022 RESTRICTED PERFORMANCE SHARE UNIT PROGRAM EXAMPLES* Executive A is a participant in the Brandywine Realty Trust 2020-2022 Restricted Performance Share Unit Program (the “Program”).

Related to Restricted Performance Share Unit

  • 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;

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • 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 Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • 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.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Restricted Share Award means an award of Restricted Shares.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.