Number of Units Awarded Sample Clauses

Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2011 through 2013 (October 1, 2010 through September 30, 2013). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $ , the percentage of Units earned would be 125% of the number of Units originally granted. Performance-Based Restricted Stock Units Performance Schedule for Grant of Performance Period FY 2011-2013 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than ____ 0 % Threshold ____ 50 % Target ____ 100 % Maximum ____ 150 %
Sample 1See All (5)
AutoNDA by SimpleDocs
Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2013 through 2015 (October 1, 2012 through September 30, 2015). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $_____, the percentage of Units earned would be ______% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 2013-2015 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $____ —% Threshold $____ 50% Target $____ 100% Maximum $____ 200%
Sample 1
Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2008 through 2010 (October 1, 2007 through September 30, 2010). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $[ ], the percentage of Units earned would be 125% of the number of Units originally granted. Performance-Based Restricted Stock Units Performance Schedule for Grant of Performance Period FY 2008-2010 Restricted Stock Units Performance Level Cumulative 3-Yr. EPS Earned Below Threshold Less than $______ 0% Threshold $______ 50% Target $______ 100% Maximum $______ 150%
Sample 1
Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2016 through 2018 (October 1, 2015 through September 30, 2018). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight- line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be $____, the percentage of Units earned would be _______% of the number of Units originally granted. In addition, the performance targets and actual performance attainment for such Units will exclude any xxxx-to-market gains or losses recognized by the Company’s nonregulated operations. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY 2016-2018 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $_____ 0% Threshold $_____ 50% Target $_____ 100% Maximum $_____ 200%
Sample 1
Number of Units Awarded. Except as provided in Section 5(a) below, the number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years {Year} through {Year} (October 1, {Year} through September 30, {Year}). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation shall be used. For example, should the cumulative amount of earnings per share for the three-year period be ${Amount}, the percentage of Units earned would be {Amount}% of the number of Units originally granted. Performance-Based Restricted Stock UnitsPerformance Schedule for Grant of Performance Period FY Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $ 0% Threshold $ 50% Target $ 100% Maximum $ 200%
Sample 1
Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year period, Fiscal Years 2004 through 2006. The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $5.00, the percentage of Units earned would be 125% of the number of Units originally granted. Performance-Based Restricted Stock Units Performance Schedule for Grant of Performance Period FY 2004-2006 Performance Level Cumulative 3-Yr. EPS Restricted Stock Units Earned Below Threshold Less than $x.xx 0% Threshold $x.xx 50% Target $x.xx 100% Maximum $x.xx 150%
Sample 1

Related to Number of Units Awarded

  • 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 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.

  • RESTRICTED STOCK UNITS AWARD The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • 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 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.

  • Vesting Schedule/Period of Restriction Except as provided in paragraphs 4 and 5, and subject to paragraph 7, the Performance Shares awarded by this Agreement shall vest in accordance with the vesting provisions set forth on the first page of this Agreement. Performance Shares shall not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee shall have been continuously employed by the Company or by one of its Subsidiaries from the Grant Date until the date the Performance Shares are otherwise scheduled to vest.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

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