Earning of Performance Units. After the applicable Performance Period has ended, the holder of Performance Units shall be entitled to receive a payout of the number of Performance Units earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives have been achieved. After the grant of a Performance Unit, the Committee, in its sole discretion, may reduce or waive any performance objectives for such Performance Unit.
Earning of Performance Units. The Committee shall set Performance Goals in its discretion which, depending on the extent to which they are met within the applicable Performance Period, will determine the number and value of Performance Units that will be paid out to the Participant. After the applicable Performance Period has ended, the holder of Performance Units shall be entitled to receive payout on the number and value of Performance Units earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals have been achieved.
Earning of Performance Units. (a) Twenty-five percent (25%) of the Performance Units may be earned with respect to each of the four Performance Periods defined in Section 1(a) of this Schedule C and shall be earned as follows:
Earning of Performance Units. Except as provided in Section 13, after the applicable Performance Period has ended, the holder of Performance Units shall be entitled to payment based on the level of achievement of Performance Goals set by the Committee and as described in Section 11.2. If the Performance Unit is intended to comply with the Performance-Based Exception, the Committee shall certify the level of achievement of the Performance Goals in writing before the Award is settled. At the discretion of the Committee, the Award Agreement may specify that an Award of Performance Units is payable in cash, Shares or Restricted Stock Units.
Earning of Performance Units. (a) The Performance Units shall be earned as follows:
Earning of Performance Units. Up to 150% of the number of Performance Units granted may be earned by the Recipient based on Operating Income for the 2018 fiscal year as set forth in Appendix A.
Earning of Performance Units. (a) The Grantee’s right to receive payment for any Performance Unit shall be determined on the basis of the Company’s return on capital employed during each three-year period which commences January 1 (the “Performance Period”). Except as provided in this Section 2, the applicable percentage of the Target Performance Units, if any, earned by the Grantee shall range from 0% to 150%, based on the Company’s results during the Performance Period and the performance criteria set forth in Exhibit A.
Earning of Performance Units. Shares. Subject to the terms of this Program, after the applicable Performance Period has ended, the holder of Performance Units/Shares shall be entitled to receive payout on the number and value of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance goals have been achieved.
Earning of Performance Units. The Participant shall have the ability to earn between 0% and 200% of the Target Performance Units, as determined by the Board, on the third anniversary of the Grant Date based on the continuing employment of the Participant during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date (the “Performance Period”) and the level of the average closing prices of a share of Common Stock during the 60 day trading days immediately preceding the third anniversary of the Grant Date (the “Average Closing Price”) in accordance with the following: Average Closing Price Percentage of Target Performance Units Earned $ 4.00 50 % $ 7.00 100 % $ 10.00 200 % Linear interpolation between the Average Closing Prices will result in a proportionate number of the Target Performance Units becoming Earned Performance Units. The Performance Units that are earned in accordance with this Agreement are referred to herein as “Earned Performance Units”. Except as otherwise specifically provided in Sections 4 or 12 or in any other agreement between the Company and the Participant, if the Participant’s termination of employment or service with the Company, the Subsidiaries and the Affiliated Entities (the “Termination Date”) occurs prior to the last day of the Performance Period for any reason, the Participant’s right to all Performance Units awarded and Dividend Equivalent Units credited pursuant to this Agreement shall expire immediately, all Performance Units shall be forfeited, and the Participant shall have no further rights with respect to Performance Units or Dividend Equivalent Units pursuant to this Agreement or any other rights under this Agreement.
Earning of Performance Units. (a) Following the end of the Performance Period, the Committee will determine whether the Performance Goal has been achieved for the Performance Period. The number of Performance Units, if any, that actually become earned for the Performance Period will be determined in accordance with the Grant Notice and Section 2(b) (and any Performance Units that do not become so earned shall be automatically forfeited). Unless and until the Performance Units have become earned and been settled in accordance with Section 3, Employee will have no right to receive any distributions with respect to the Performance Units. In the event of the termination of Employee’s employment prior to the last day of the Performance Period, except as otherwise provided in Section 2(b) below, all the Performance Units (and all rights arising from such Performance Units and from being a holder thereof), will terminate automatically without any further action by the General Partner or the Partnership and will be automatically forfeited without further notice.
