Form and Timing of Payment of Performance Shares. The earned Performance Shares shall be paid out one hundred percent (100%) in Stock. Payment of earned Performance Shares shall be made as soon as administratively practicable in the year after the year in which the Performance Period ends, but in any event, no later than March 15 of the year following the year in which the Performance Period ends.
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Samples: Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc), Performance Share Award Agreement (Borgwarner Inc)
Form and Timing of Payment of Performance Shares. Payment of the earned Performance Shares shall be made utilizing a combination of Stock and cash. The earned Performance Shares shall be paid out one hundred as follows: sixty percent (10060%) in StockStock and forty percent (40%) in cash. Payment of earned Performance Shares shall be made as soon as administratively practicable in the year after the year in which the Performance Period ends, but but, in any event, no later than March 15 of the year following the year in which the Performance Period ends.
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