Performance Stock Award definition

Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

Performance Stock Award or “Performance Stock” shall mean an Award granted under Article XII of the Plan under which, upon the satisfaction of predetermined Performance Goals, Shares are paid to the Holder.

Performance Stock Award means an award of shares of Stock to be issued to an Eligible Person if specified predetermined performance goals are satisfied as described in Article VII.

Examples of Performance Stock Award in a sentence

• A Performance Stock Award may, but need not, require the completion of a specified period of Continuous Service.

• The Committee shall set forth in the applicable Performance Stock Agreement the Performance Period, selected Performance Criteria and Performance Goals which the Holder and/or the Company would be required to satisfy before the Holder would become entitled to the receipt of Shares pursuant to such Holder’s Performance Stock Award and the number of Shares subject to such Performance Stock Award.

• At the time a Performance Stock Award is made, the Committee shall establish the Performance Period and applicable Performance Goals based on selected Performance Criteria.

• Each Performance Stock Award may have different Performance Goals, in the discretion of the Committee.

• The Board may provide for or, subject to such terms and conditions as the Board may specify, may permit a Participant to elect for, the payment of any Performance Stock Award to be deferred to a specified date or event.

More Definitions of Performance Stock Award

Performance Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

Performance Stock Award means an Award designated as a performance stock award granted to a Holder pursuant to Article IX.

Performance Stock Award means either a Restricted Stock Award or a Restricted Stock Unit Award granted pursuant to the terms and conditions of Section 7(d)(i).

Performance Stock Award means Awards granted pursuant to Section 16.

Performance Stock Award means an Award granted pursuant to Section 9 of the Plan.

Performance Stock Award means a Stock Award granted pursuant to Section 10(a).

Performance Stock Award means any Stock Award subject to vesting upon the achievement of any Performance Level regardless of the length of any performance period.