Annual Performance Grant Sample Clauses

Annual Performance Grant. At the end of each Performance Period, the Executive shall be eligible to receive a performance based equity award under the Equity Incentive Plan with an annual grant date value based upon a percentage of Base Salary (“Annual Performance Grant”), as established annually by the Committee. Any such Annual Performance Grant shall be made in the sole discretion of the Committee and shall be based on the Executive’s achievement of performance criteria (with respect to the performance of the Executive and REIT), as such performance criteria have been mutually agreed from time to time by the Committee and the Executive. Any Annual Performance Grant made to the Executive will also be subject to the terms and conditions of the Equity Incentive Plan.
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Annual Performance Grant. At the end of each Performance Period, the Executive shall be eligible to receive performance-based RSUs (“Annual Performance Grant”), based on a value determined as provided in Section 4(d) below. Any such Annual Performance Grant shall be made in the sole discretion of the Committee and shall be based on the Executive’s achievement of performance criteria (with respect to the Executive and POPT), as such performance criteria have been mutually agreed from time to time by the Chief Executive Officer, the Committee and the Executive. Each Annual Performance Grant shall become fully vested as of the first anniversary of its date of grant and shall be settled by the Company as soon as practicable thereafter, but in no event later than sixty (60) days after the vesting date. Any Annual Performance Grant made to the Executive will also be subject to the terms and conditions of the LTIP (as defined below). Annual Performance Grants will be at the discretion of the Committee based upon an annual review of the Executive’s performance criteria. Notwithstanding the foregoing, for the first Performance Period ending December 31, 2010, Executive’s annual Performance Grant will be not less than 25,000 RSUs (pro rated on a per diem basis for the number of days employed during 2010 divided by 365).
Sample 1

Related to Annual Performance Grant

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

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

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

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