Common use of Earning the Award Clause in Contracts

Earning the Award. (a) Except as provided in subsection (b) below, the Award of Performance Shares is subject to the attainment of a Performance Measure(s) established by the Committee, and will be earned based on the level of attainment of the Performance Measure(s) relative to the Target described in the Award Letter.

Appears in 3 contracts

Samples: Performance Share Award Agreement (Universal Corp /Va/), Performance Share Award Agreement (Universal Corp /Va/), Performance Share Award Agreement (Universal Corp /Va/)

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Earning the Award. (a) Except as provided in subsection (b) below, the Award of Performance Shares is subject to the attainment of a Performance Measure(s) established by the Committee, and will be earned based on the level of attainment of the Performance Measure(s) relative to the Target described in the Award Letter.

Appears in 1 contract

Samples: Performance Share Award Agreement (Universal Corp /Va/)

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