Award Payment. Subject to all terms and conditions of the Plan, the Participant’s actual value at the end of the Award Period will be settled in cash, in the Company’s Class A common stock (“Shares”), or partly in cash and partly in Shares, as determined by the Committee. If settled entirely or partially in cash, the cash value will be: (a) the number of Performance Units granted, times (b) the Performance Percentage, times (c) the Unit Value, times (d) the percentage of the Award settled in cash. If settled entirely or partially in Shares, the number of Shares issued will be: (a) the number of Performance Units granted, times (b) the Performance Percentage, times (c) the Unit Value divided by the fair market value of one Share on the date that the Board certifies the Performance Percentage, times
Appears in 8 contracts
Samples: Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.), Long Term Incentive Plan Grant Agreement (OneBeacon Insurance Group, Ltd.), Long Term Incentive Plan Grant (OneBeacon Insurance Group, Ltd.)
