Common use of Performance Shares Clause in Contracts

Performance Shares. The term “Performance Shares” means an award denominated in Common Shares or phantom Common Shares (regardless of whether payable in stock or cash) the vesting of which is contingent or accelerated upon attainment of one or more performance goals (absent death, disability, or a Change of Control) .

Appears in 8 contracts

Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/), Agreement (Keycorp /New/)

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Performance Shares. The term "Performance Shares” means " shall mean an award Award denominated in Common Shares or phantom Common Shares (regardless of whether payable in stock or cash) the vesting of which is and contingent or accelerated upon attainment of one or more performance goals (absent death, disability, Performance Goals by the Company or a Change Subsidiary or any subunit of Control) the Company or of any Subsidiary over a Performance Period.

Appears in 1 contract

Samples: Rights Agreement

Performance Shares. The term “Performance Shares” means an award denominated in Common Shares or phantom Common Shares (regardless of whether payable in stock or cash) the vesting of which is contingent or accelerated upon attainment of one or more performance goals (absent death, disability, or a Change of Control) ).

Appears in 1 contract

Samples: Agreement (Keycorp /New/)

Performance Shares. The term “Performance Shares” means an award denominated in Common Shares or phantom Common Shares (regardless of whether payable in stock or cash) the vesting of which is contingent or accelerated upon attainment of one or more performance goals (absent death, disability, or a Change of Control) ).

Appears in 1 contract

Samples: Amended Employment Agreement (Keycorp /New/)

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Performance Shares. The term “Performance Shares” Shares means an award denominated Award, in the amount determined by the Administrator and specified in an Agreement, stated with reference to a specified number of shares of Common Shares or phantom Stock, that entitles the holder to receive a payment for each specified share equal to the Fair Market Value of Common Shares (regardless Stock on the date of whether payable in stock or cash) the vesting of which is contingent or accelerated upon attainment of one or more performance goals (absent death, disability, or a Change of Control) payment.

Appears in 1 contract

Samples: Eastern Virginia Bankshares Inc

Performance Shares. The term "Performance Shares" means an award denominated in Common Shares or phantom Common Shares (regardless of whether payable in stock or cash) the vesting of which is contingent or accelerated upon attainment of one or more performance goals (absent death, disability, or a Change of Control) .

Appears in 1 contract

Samples: Agreement (Keycorp /New/)

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