Common use of Grant of Performance Share Award Clause in Contracts

Grant of Performance Share Award. The Company hereby grants to the Participant a Performance Share Award ("Award") which confers upon the Participant the right to receive a number of shares ("Performance Shares") of the Company's common stock, par value $.01 per share ("Common Stock"), determined as set forth in section 2, below. The Participant's right to receive the Performance Shares shall be subject to the terms and conditions set forth in this Agreement and in the Company's Amended and Restated Long Term Incentive Plan, as amended from time to time (the "Plan"). The performance period for which this Award is granted is the period beginning on January 1, 2009 and ending on December 31, 2011 (such period hereinafter referred to as the "Performance Period"). The "Target" number of Performance Shares granted to the Participant for the Performance Period is __________.

Appears in 2 contracts

Samples: Performance Share Award Agreement (FPL Group Inc), Performance Share Award Agreement (FPL Group Inc)

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Grant of Performance Share Award. The Company hereby grants to the Participant a Performance Share Award ("Award") which confers upon the Participant the right to receive a number of shares ("Performance Shares") of the Company's common stock, par value $.01 per share ("Common Stock"), determined as set forth in section 2, below. The Participant's right to receive the Performance Shares shall be subject to the terms and conditions set forth in this Agreement and in the Company's Amended and Restated Long Term Incentive Plan, as amended from time to time (the "Plan"). The performance period for which this Award is granted is the period beginning on January 1, 2009 2010 and ending on December 31, 2011 2012 (such period hereinafter referred to as the "Performance Period"). The "Target" number of Performance Shares granted to the Participant for the Performance Period is __________.

Appears in 1 contract

Samples: Performance Share Award Agreement (FPL Group Inc)

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Grant of Performance Share Award. The Company hereby grants to the Participant a Performance Share Award ("Award") which confers upon the Participant the right to receive a number of shares ("Performance Shares") of the Company's common stock, par value $.01 per share ("Common Stock"), ) determined as set forth in section 2, below. The Participant's right to receive the Performance Shares shall be subject to the terms and conditions set forth in this Agreement and in the Company's Amended and Restated Long Term Incentive Plan, as amended from time to time (the "Plan"). The performance period for which this Award is granted is the period beginning on January 1, 2009 2008 and ending on December 31, 2011 2010 (such period hereinafter referred to as the "Performance Period"). The "Target" number of Performance Shares granted to the Participant for the Performance Period is __________. 2.

Appears in 1 contract

Samples: Performance Share Award Agreement (Florida Power & Light Co)

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