Performance Unit Value Sample Clauses

Performance Unit Value. Each Performance Unit will have an initial notional value of five dollars ($5.00) per Performance Unit. At the applicable Vesting Date under Section 3(a) or the payment event under Section 3(b), the notional value of each Performance Unit shall be adjusted by the Committee to reflect the appreciation (if any) of the Common Stock (the “Adjusted Notional Value”), determined as follows: $5.00 + ($5.00 x [appreciation of the Common Stock above $ 24.50/share, expressed as a percentage]) = Adjusted Notional Value.
Sample 1
AutoNDA by SimpleDocs
Performance Unit Value. The value of each Performance Unit will have an initial notional value equal to the simple average of the closing prices of the Common Stock for the period of twenty business days ending on the day immediately preceding the Grant Date (the “Initial Notional Value”). At the applicable Vesting Date under Section 3(a) or the payment event under Section 3(b), the notional value of each Performance Unit will equal the simple average of the closing prices of the Common Stock for the period of twenty business days ending on the day immediately preceding the Vesting Date under Section 3(a) or the payment event under Section 3(b) (the “Adjusted Notional Value”). The Initial Notional Value of the Performance Units is $22.48 per share.
Sample 1
Performance Unit Value. If the Company fails to achieve the Performance Target described in Section 4, the value of a Performance Unit for this Award shall be $0. If the Company achieves the Performance Target described in Section 4, the value of a Performance Unit for this Award shall be a value not less than $0 and not more than , as determined in the sole discretion of the Committee following the Performance Period.
Sample 1
Performance Unit Value. Each Performance Unit shall have a maximum dollar value established by the Committee at the time of the Award. Performance Units earned will be determined by the Committee in respect of a Performance Period in relation to the degree of attainment of Performance Goals. The measure of a Performance Unit may, in the discretion of the Committee, be equal to the Fair Market Value of one share of Vlasic Stock.
Sample 1

Related to Performance Unit Value

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Share Units 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.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

Time is Money Join Law Insider Premium to draft better contracts faster.