Examples of Performance Shares in a sentence
Performance Shares shall be paid out to the Participant in cash within thirty (30) days of the effective date of the Change in Control.
Remaining Smorgon Steel Senior Executive Performance Shares will be vested in relevant executives, such that they are issued with Smorgon Steel shares ahead of the Scheme meetings.
Except as provided below, a Participant shall be eligible for payment of awarded Performance Shares, as determined in Section 3, only if the Participant’s employment with the Company continues through the end of the Performance Period or 3 years from the date of grant, whichever is later.
The form and timing of the payment of such Performance Shares shall be as set forth in Article 7.
If participant retires, suffers a Disability, or dies during the Performance Period, the Participant (or the Participant’s estate) shall be entitled to that proportion of the number of Performance Shares as such Participant is entitled to under Section 3 for such Performance Period that the number of full months of participation during the Performance Period bears to the total number of months in the Performance Period.