Award Opportunity. (a) Except as otherwise provided in Section 5(b)(ii), Section 5(b)(iii) or Section 6, the Participant’s Vested Shares shall be the product of the number of Target Shares and the Achievement Percentage that is based upon the Committee’s determination of whether and to what extent the Performance Goals have been achieved during the Performance Cycle.
(b) No later than 60 days after the close of the Performance Cycle, the Committee shall determine the extent to which each Performance Goal has been achieved. If the Company has performed at or above the threshold level of achievement for a Performance Goal, the Achievement Percentage shall be between X% and X%. In no event shall the Achievement Percentage exceed X%. Upon completing its determination of the level at which the Performance Goals have been achieved, the Committee shall notify the Participant, in the form and manner as determined by the Committee, of the number of Vested Shares that will be issued to the Participant pursuant to Section 5.
Award Opportunity. (a) Pursuant to the terms and conditions of the Company’s 2012 Stock Incentive Plan, as it may be amended (the “Plan”), and the Restricted Stock Unit Agreement (Performance-Based and Service-Based Award for Senior Officers) attached hereto (the “Agreement”), you (the “Participant”) are eligible to be granted an award of Restricted Stock Units (the “Award”) for that number of Shares (the “Shares”) of Common Stock as may be determined pursuant to this Section 1. Unless otherwise defined herein, capitalized terms in this Schedule A shall have the same definitions as set forth in the Agreement and the Plan.
(b) No Award will be granted unless at least ____ of the ______ Performance Objectives [is/are] met during the applicable Performance Period. Each of the Performance Objectives is expressed as a fixed or variable percentage of the Target number of shares shown in Section 1(c) below. If a Performance Objective is met, the Participant shall be granted an Award for a number of shares equal to the Target multiplied by the percentage assigned to such Performance Objective. One or more of the Performance Objectives may contain a variable percentage of the Target shares based on performance of criteria applicable to such Performance Objective, and the Administrator has the sole discretion to determine if, and to what extent on a percentage basis, any such Performance Objectives are met. If all _______ of the Performance Objectives are fully met, the Participant shall be granted an Award for the Maximum number of shares (___% of Target) shown in Section 1(c) below. The Award shall not be granted for a particular Performance Objective until following the end of the Performance Period for that Performance Objective and then only if the terms and conditions described in the Agreement have been met. The actual number of shares which may be subject to the Award shall be as provided in Section 1(c) below.
Award Opportunity. (1) If the Qualifying Performance Criteria is met, except as otherwise provided in subsection E(2) and subsection E(3), the Awardee shall be qualified to earn up to the Maximum Award (as defined below), reduced as determined by taking into account the Performance Measures and the Achievement Percentage that is based upon the Committee’s determination of whether and to what extent the Performance Measures have been achieved during the Performance Period. The Performance Measures established for the Performance Period are attached hereto as Appendix A and made a part hereof for all purposes. The term “Maximum Award” means the maximum amount potentially payable pursuant to the terms and provisions of this Performance-Based Restricted Stock Unit Award Agreement.
Award Opportunity. (a) The Performance Goals established for the Performance Cycle are attached hereto and made a part hereof for all purposes. Except as otherwise provided in Section 5(b)(ii) and Section 6, the Vested Shares awarded to the Participant shall be the product of the number of Target Shares and the Achievement Percentage that is based upon the Committee's determination of whether and to what extent the Performance Goals have been achieved during the Performance Cycle.
(b) No later than 60 days after the close of the Performance Cycle, the Committee shall determine the extent to which each Performance Goal has been achieved. If the Company has performed at or above the threshold level of achievement for a Performance Goal, the Achievement Percentage shall be between 50% and 150%, with a target level of achievement resulting in an Achievement Percentage of 100%. In no event shall the Achievement Percentage exceed 150%. The combined level of achievement is the sum of the weighted achievements of the Performance Goals as approved by the Committee. Upon completing its determination of the level at which the Performance Goals have been achieved, the Committee shall notify the Participant, in the form and manner as determined by the Committee, of the number of Vested Shares that will be issued to the Participant pursuant to Section 7.
Award Opportunity. Participant Date of Grant November 1, 2008 Target Award Amount Performance Cycle 1 November 1, 2008 through October 31, 2009 Performance Cycle 2 November 1, 2009 through October 31, 2010 Performance Cycle 3 November 1, 2010 through October 31, 2011 Minimum Award Amount 50% of Target Award Amount Maximum Award Amount 150% of Target Award Amount Vesting Date of Award November 15, 2011 Form of Award Payment Lump sum cash payment, with mandatory taxes withheld Time of Award Payment Within 60 days after the Vesting Date of Award
Award Opportunity. (a) Pursuant to the terms and conditions of the Company’s 2003 Stock Incentive Plan, as amended (the “Plan”), you (the “Participant”) are eligible to be granted an award of restricted stock units (the “Award”) for that number of Shares (the “Shares”) of Common Stock as may be determined pursuant to Section 1 herein.
(b) No Award will be granted unless at least one of the Performance Objectives is met during the applicable Performance Period. Each of the Performance Objectives is expressed as a fixed or variable percentage of the Target number of shares shown in Section 1(c) below. If a Performance Objective is met, the Participant shall be granted an Award for a number of shares equal to the Target multiplied by the percentage assigned to such Performance Objective. One or more of the Performance Objectives may contain a variable percentage of the Target shares based on performance of criteria applicable to such Performance Objective, and the Administrator has the sole discretion to determine if, and to what extent on a percentage basis, any such Performance Objectives are met. If all five of the Performance Objectives are fully met, the Participant shall be granted an Award for the Maximum number of shares (125% of Target) shown in Section 1(c) below. The Award shall not be granted for a particular Performance Objective until following the end of the Performance Period for that Performance Objective and then only if the terms and conditions described in the Agreement have been met. The actual number of shares which may be subject to the Award shall be as provided in Section 1(c) below.
Award Opportunity. Except as otherwise provided herein, the Participant’s Vested Shares shall be the product of (1) the number of Target Shares and (2) the Achievement Percentage determined by the Committee and based on whether and to what extent the Performance Goals have been achieved. The Achievement Percentage shall be between 0% and 200%, and in no event shall the Achievement Percentage exceed 200%.
Award Opportunity. (a) Pursuant to the terms and conditions of the Corporation’s 2003 Stock Incentive Plan, as amended (the “Plan”), you (the “Participant”) are eligible to be granted an of restricted stock units (the “Award”) for that number of Shares (the “Shares”) of Common Stock as may be determined pursuant to Section 1 herein.
(b) No Award will be granted unless at least two of the Performance Objectives are met during the Performance Period. If two of the Performance Objectives are met, the Participant shall be granted an Award for the Threshold number of shares (50% of Target). If three of the Performance Objectives are met, the Participant shall be granted an Award for 75% of the Target number of shares. If four of the Performance Objectives are met, the Participant shall be granted an Award for 100% of the Target number of shares. If five of the Performance Objectives are met, the Participant shall be granted an Award for 125% of the Target number of shares. If all six of the Performance Objectives are met, the Participant shall be granted an Award for the Maximum number of shares (150% of Target). The Award shall not be granted until following the end of the Performance Period and then only if the terms and conditions described in the Agreement have been met. The actual number of shares which may be subject to the Award shall be as provided in Section 1(c), below.
(c) Number of Shares Potentially Subject to Award: Threshold Number of Shares (50% of Target): 75% of Target: Target Number of Shares (100% of Target): 125% of Target: Maximum Number of Shares (150% of Target):
(d) The Performance Objectives must be met, if at all, during the Performance Period. The Administrator has sole discretion to determine if, and to what extent, any or all Performance Objectives are met and to interpret the other terms and conditions of this Agreement.
Award Opportunity. (a) You are eligible to receive an award equal to a percentage of your Base Salary upon satisfaction of the performance conditions set forth on the attached Schedule. Payment of earned Awards generally is made as soon as practicable after the end of the Performance Period but usually within days. This Award will be paid all in cash.
(b) In the event of a Change of Control prior to the last day of the Performance Period, the Performance Period shall thereupon terminate. You will be entitled to receive an amount of your Award based on actual performance achieved through the most recently completed fiscal quarter elapsed during the Performance Period. For this purpose, the Performance Criteria set forth on the attached Schedule shall be equitably adjusted (including straight-line interpolation for a partial fiscal year) as may be necessary to take into account such termination of the Performance Period upon the Change of Control.
Award Opportunity. Except as otherwise provided in Section 5(b)(ii), Section 5(b)(iii) or Section 6, the Participant’s Vested Shares shall be the product of the number of Target Shares and the Achievement Percentage that is based upon the Committee’s determination of whether and to what extent the Performance Goals have been achieved during the Performance Cycle.
