Examples of Performance Share Unit in a sentence
Performance Share Unit (“PSU”) Plan: In September 2013, the Board of Directors approved a PSU plan under which officers and certain employees of the Company would receive PSUs. Each PSU represents a unit with an underlying value which is based on the value of one common share relative to the S&P/TSX Utilities Index.
Employee Benefits Long-term Incentive PlansAwards are paid in cash under Inter Pipeline’s Restricted Share Unit Plan (RSUP) and Performance Share Unit Plan (PSUP).
These common shares would be issued from the same 10% rolling pool as the common shares issued under the Company’s Performance Share Unit and Restricted Share Unit Plan and the Company’s Share Option Plan.
Each Performance Share Unit shall have an initial value equal to the FMV of a Share on the date of grant.
The Company has established a Performance Share Unit Plan (“the PSU plan”) whereby PSUs will be issued to eligible employees as determined by the Company’s Board of Directors or the Company’s Compensation Committee.