Cash Performance Units Sample Clauses
The Cash Performance Units clause defines a type of incentive compensation awarded to employees or executives, where the payout is based on the achievement of specific performance goals and is settled in cash rather than equity. Typically, these units are granted as part of a long-term incentive plan, and their value is determined by the company's performance against pre-established financial or operational targets over a set period. This clause ensures that recipients are rewarded for meeting or exceeding performance benchmarks, aligning their interests with the company's objectives while providing a clear, cash-based reward structure.
POPULAR SAMPLE Copied 1 times
Cash Performance Units. Effective on consummation of the IPO, the cash performance units granted (the “CPUs”) to WhiteWave Employees and Former WhiteWave Employees under the ▇▇▇▇ Foods Performance Cash Plan that are related, in whole or in part, to the performance of ▇▇▇▇ Foods after 2012 shall be cancelled, subject to the requirement that payment be made in respect thereto, on a pro-rated basis, based on service completed and the level of achievement of the applicable performance objectives, in each case, through December 31, 2012, as determined by ▇▇▇▇ Foods. Notwithstanding anything else in this Agreement to the contrary, the appropriate member of the ▇▇▇▇ Foods Group shall be responsible for the payment of the portion of any such CPU payable to any Transferred Employee (or Delayed Transfer Employee) related to service through the date the IPO is consummated (or, if applicable, the Transfer Date), with the remainder of such award being the responsibility of the member of the WhiteWave Group that employs such person.
Cash Performance Units. Collectively, the EBITDA Cash Performance Units and the FCF Cash Performance Units.
Cash Performance Units. Collectively, the EBITDA Cash Performance Units and the FCF Cash Performance Units. Senior Manager - Long Term Incentive Award Agreement
Cash Performance Units. Subject to the terms and conditions of this Agreement, the Company hereby awards to the Employee performance units (the “Performance Units”), with each Performance Unit representing a right to receive cash from the Company equal to the value of one share of Common Stock at the time of payment, as described in Section 5. The number of Performance Units for which the Employee shall receive payment shall also be based on (a) the Company’s financial performance during the Performance Period as described in Section 3, and (b) the Employee’s continued employment until the vesting date as described in Section 4.
Cash Performance Units. On the Effective Date the Executive shall receive an award of cash performance units (“Performance Units”) with a target value of $250,000 in accordance with the terms and conditions set forth in the Plan and the Company’s standard form of Performance Unit Award Agreement applicable to senior executives.
Cash Performance Units. Pursuant to the 2004 Long-Term Incentive Cash Plan (“LTICP”), Executive has the following Performance Units currently outstanding: Performance Performance Period Number of Value assigned to Period Start Date Ending Date Performance Units performance units July 4, 2004 June 30, 2007 14,500 $35.00 Executive’s termination shall be treated as a “Retirement” for purposes of the LTICP, and he shall be entitled to payment at the end of the relevant Performance Period based on actual Company performance.