Restricted Performance Unit definition
Restricted Performance Unit or “RPU” means an Award of a unit tied to the value of a Share granted to a Participant, as described in Article 9 herein.
Restricted Performance Unit means an unfunded, unsecured contractual promise of the Company to pay to a Participant, at the times, in the manner, and subject to the conditions set forth in the Plan and/or an Agreement, ADSs; provided, however, that the Committee may, in its sole discretion, permit a Participant to elect to have his or her payment with respect to a Restricted ADS Unit in cash in an amount equal to the Fair Market Value of the ADSs that otherwise would be payable to the Participant. Generally, a Participant’s right to payment shall be conditioned on the satisfaction of specified performance goals.
Restricted Performance Unit means an Award of cash compensation that is restricted by time of service and/or corporate performance that is granted under Article IX of the Plan.
Examples of Restricted Performance Unit in a sentence
Restricted Performance Unit (RPU) Restricted Performance Unit is cash compensation that is restricted by time of service and corporate performance.