Performance Unit Award definition

Performance Unit Award means an award of Performance Units under this Plan.

Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

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

Examples of Performance Unit Award in a sentence

• Deferred Stock Units shall consist of a Restricted Stock, Performance Share or Performance Unit Award that the Administrator, in its sole discretion permits to be paid out in installments or on a deferred basis, in accordance with rules and procedures established by the Administrator.

• The Agreement relating to a Performance Unit Award shall provide, in the manner determined by the Committee, in its discretion, and subject to the provisions of this Plan, for the vesting of such Performance Unit Award if the specified Performance Measures are satisfied or met during the specified Performance Period and for the forfeiture of such award if the specified Performance Measures are not satisfied or met during the specified Performance Period.

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

• A Performance Unit Award shall not constitute an equity interest in the Company and shall not entitle the Holder to voting rights, dividends or any other rights associated with ownership of Shares.

• Deferred Stock Units shall be subject to the annual 162(m) limits applicable to the underlying Restricted Stock, Performance Share or Performance Unit Award.

More Definitions of Performance Unit Award

Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined individual and/or Company (and/or Affiliate) performance goals and/or objectives, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

Performance Unit Award means an Award in the form of Performance Units.

Performance Unit Award means an Award made pursuant to Section 8 hereof, the payment of which is contingent upon the achievement of the Performance Goals for the particular Performance Period.

Performance Unit Award means an award granted pursuant to Section 8.

Performance Unit Award means an Award granted under Article IX.

Performance Unit Award means a grant of a right to receive a designated dollar value amount of Shares or Stock Units contingent on the achievement of performance or other objectives during a specified period.

Performance Unit Award means an award made pursuant to the provisions of this Plan, the payment of which is contingent upon attainment of Performance Goals.