Common use of Performance Share Award Clause in Contracts

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2004 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXXnumber of shares awarded] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXXnumber of shares awarded] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXX] shares 5,760 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXX] shares 1,280 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2001 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXX] shares 3,600 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXX] shares 800 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXX] shares 10,800 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXX] shares 2,400 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2000 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXXX,XXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXXX,XXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2005 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXXnumber of shares] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXXnumber of shares] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2002 2003 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of [XXXXnumber of shares awarded] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive [XXXXnumber of shares awarded] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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