Common use of Performance Share Units Clause in Contracts

Performance Share Units. Each PSU represents the conditional right to receive one share of the Company’s Common Stock (the “Stock”), subject to the terms and conditions set forth in this Agreement. The number of PSUs that actually vest for the Performance Period will be determined by the level of achievement of the Performance Goal.

Appears in 9 contracts

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.), Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.), Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.)

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Performance Share Units. Each PSU represents the conditional right to receive one share of the Company’s Common Stock (the “Stock”), subject to the terms and conditions set forth in this Agreement. The number of PSUs that will be actually vest become payable for the Performance Period will be determined by the level of achievement of the Performance Goal.

Appears in 2 contracts

Samples: Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.), Performance Share Unit Grant Agreement (M.D.C. Holdings, Inc.)

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