Purpose for Award Sample Clauses

Purpose for Award. The Grantee hereby receives as of the date hereof a Performance Unit Award of Performance Units pursuant to the terms of this Agreement (the “Grant”). This Grant is intended to reward the Grantee for future increases in the value of the Company’s Common Stock. All calculations required pursuant to this Agreement shall be made by the Committee and shall be final and binding on the Grantee. The Grant is comprised of both Time-Based Performance Units (25% of total award) and TSR Modified Performance Units (75% of total award).
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Purpose for Award. The Grantee hereby receives as of the date hereof a Performance Unit Award of __________ Performance Units pursuant to the terms of this Agreement (the “Grant”). This Grant is intended to reward the Grantee for future increases in the value of the Company’s Common Stock over the three year period beginning on the Grant Date (the “Performance Period”). All calculations required pursuant to this Agreement shall be made by the Committee and shall be final and binding on the Grantee. The Grant is comprised of both Time-Based Performance Units (25% of total award) and TSR Modified Performance Units (75% of total award).
Sample 1

Related to Purpose for Award

  • Basis for Award The Award is made under the Plan pursuant to Section 6(f) thereof.

  • System for Award Management (XXX) Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a XXX.xxx proof of registration and Commercial and Government Entity (CAGE) number. Grantee will continue to maintain an active XXX registration with current information at all times during which it has an active award under this Agreement.

  • System for Award Management (XXX) and Data Universal Numbering System (DUNS) Requirements.

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

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

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • NOTICE OF STOCK OPTION GRANT Name: Address: You have been granted an option to purchase Common Stock of the Company, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Exercise Price per Share $ Total Number of Shares Granted Total Exercise Price $ Type of Option: Incentive Stock Option Nonstatutory Stock Option Term/Expiration Date:

  • Award of Shares Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Employee is hereby awarded Restricted Shares (the “Award”), subject to the terms and conditions herein set forth. Capitalized terms used herein and not defined shall have the meanings set forth in the Plan. In the event of any conflict between this Agreement and the Plan, the Plan shall control.

  • Conditions for Award of Contract 7. The Borrower shall not award any Works contract which involves environmental impacts until:

  • Grant of the Award Subject to the provisions of this Award Agreement and the Plan, the Company hereby grants to the Participant, an aggregate of <# Shares>(1) restricted shares of Common Stock (the “Restricted Stock”), subject to adjustment as set forth in the Plan.

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