Annual Performance Awards Sample Clauses

Annual Performance Awards. You will be granted stock awards or stock units for an additional 1,000 shares based on the Company’s achievement of certain performance goals beginning January 1, 2008 and on the next three anniversaries of that date. You will receive further information regarding these stock awards, including applicable vesting schedules, in the near future.
Sample 1
AutoNDA by SimpleDocs
Annual Performance Awards. You will be entitled to receive stock awards or stock units for an additional 4,000 shares based on the Company’s achievement of certain performance goals upon the filing of the Company’s Annual Report on Form 10-K (“10-K”) for each of the years ended December 31, 2008, 2009, 2010, 2011, and 2012, respectively, (or, if the Company is no longer subject to the reporting requirements under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, upon the completion of the audit of the Company’s financial statements for each of these respective years), if the Company achieves an increase in return on average net equity for the years ending December 31, 2008, 2009, 2010, 2011 and 2012 of at least 200 basis points as compared to return on average net equity for the immediately preceding year (i.e., for the year ending December 31, 2008, a 200 basis point increase as compared to return on average net equity for the year ended December 31, 2007). With respect to each Performance Award, the date on which the 10-K is filed (or, if the Company is no longer subject to the reporting requirements under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the date on which the audit of the financial statements for the related period is completed shall be referred to herein as the “Performance Award Date” and will also be the “Vesting Commencement Date” for the Performance Award. Each Performance Award will be in the form of a stock award, provided that you can elect instead to receive a Performance Award in the form of stock units by delivering to the Company written notice to that effect no later than the 10th business day prior to the Performance Award Date for that award. Each Performance Award will be evidenced by an Award Agreement and will be subject to the terms and conditions set forth in such Award Agreement, the Plan and this agreement. In the event of a termination of your employment by the Company without Cause (as defined below), or as a result of your death or Disability prior to grant of the Performance Award, after the filing of the 10-K you will be entitled to receive a pro rata portion if you were employed no less than six months during the calendar year relative to the Performance Award. As more particularly set forth in the Award Agreement relating to each Performance Award or the Plan, (A) each Performance Award will be subject to a forfeiture restriction that will lapse on the December 31st following its Vesting Com...
Sample 1
Annual Performance Awards. For each of calendar years 2017, 2018, 2019, and 2020, Executive will be eligible to receive from Employer a target grant of performance-based Restricted Stock Units (the “Performance RSUs”) with an aggregate initial target grant value equal to at least $1,875,000 per calendar year. The initial target grant value of any Performance RSUs granted to the Executive by an Applicable Company other than Employer for any calendar year during the Employment Period will reduce the initial target grant value of the Performance RSUs that the Executive is eligible to receive from Employer under this Section 4.8 for such year. Such grants will be made pursuant to Restricted Stock Unit award agreements in the form approved by the applicable issuer from time to time, which shall include the applicable terms set forth in Section 5 as well as the issuer’s other standard terms and provisions. The vesting of each grant of Performance RSUs will be subject to the satisfaction of such performance criteria as are determined in advance each year by the compensation committee of the board of directors of the applicable issuer (which may include negative discretion criteria) and will be designed in a manner such that the Performance RSUs will be treated as “qualified performance-based compensation” within the meaning of Code Section 162(m). Notwithstanding anything to the contrary in this Agreement, in no event will any Performance RSUs be granted to Executive after the date of Executive’s termination of employment.
Sample 1
Annual Performance Awards. The penultimate sentence of Section 3.E of the Original Agreement is hereby amended and restated to read as follows: “The vesting of each grant of Performance RSUs will be subject to the satisfaction of such performance criteria as are determined in advance each year by the Compensation Committee and, with respect to Performance RSUs granted prior to the 2021 calendar year, will be designed in a manner such that the Performance RSUs will be treated as “qualified performance-based compensation” within the meaning of Section 162(m).”
Sample 1
Annual Performance Awards. For each calendar year during the Term, subject to Compensation Committee approval, Executive will be eligible to receive from QRI a target award of performance-based restricted stock units with respect to QRTEA Common Stock (the “Performance RSUs”) with a grant date value equal to $4,000,000 per calendar year (with the grant date value of the Performance RSUs with respect to the 2021 calendar year being prorated based on the number of days from the Start Date through the end of 2021 over 365). The vesting of each grant of Performance RSUs (i) will be determined by the Compensation Committee in its sole discretion and (ii) will be subject to the satisfaction of such performance criteria as are determined at the beginning of each year by the Compensation Committee and communicated to Executive, of which 60% will be based on objective performance criteria relating to QRI or its affiliated companies, such as OIBDA results, and 40% will be based on Executive’s personal performance; provided, however, that with respect to the 2021 calendar year, the criteria will be based on the Executive’s personal performance only, as determined by the Compensation Committee based on the recommendation of the Executive Chairman of the Board. Such grant with respect to 2021 will be made pursuant to the form of Performance RSU award agreement previously approved by the Compensation Committee attached hereto as Exhibit F together with the schedule substantially in the form attached hereto as Exhibit G and shall be made on the date of the first regularly scheduled Compensation Committee meeting occurring after the Effective Date. For each subsequent calendar year during the Term, such grants shall be made within the first 90 days of each calendar year pursuant to a Performance RSU award agreement in the form approved by the Compensation Committee from time to time, shall have a one-year performance period and shall include vesting protections set forth in the schedule substantially in the form attached hereto as Exhibit G.
Sample 1
Annual Performance Awards. Annual performance awards shall be paid based on the Partner Compensation System approved by the Executive Management Committee. The annual performance awards shall be distributed on January 1 of each year.
Sample 1
Annual Performance Awards. For each of calendar years 2016, 2017, 2018, 2019 and 2020, subject to Compensation Committee approval, Executive will be eligible to receive from Liberty Interactive a target award of performance-based Restricted Stock Units with respect to QVCA Common Stock (the “Performance RSUs”) with a value equal to at least $4,125,000 per calendar year. Such grants will be made within the first 90 days of each calendar year pursuant to a Restricted Stock Unit award agreement in the form approved by Liberty Interactive from time to time and will include the applicable terms set forth in Section 9 as well as Liberty Interactive’s other standard terms and provisions, including forfeiture provisions related to restatement of financial statements. The vesting of each grant of Performance RSUs will be subject to the satisfaction of such performance criteria as are determined in advance each year by the Compensation Committee and will be designed in a manner such that the Performance RSUs will be treated as “qualified performance-based compensation” within the meaning of Section 162(m). Notwithstanding anything to the contrary in this Agreement, in no event will any Performance RSUs be granted to Executive after the date of Executive’s termination of employment.
Sample 1
AutoNDA by SimpleDocs

Related to Annual Performance Awards

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!