Common use of Grant of Performance Share Units Clause in Contracts

Grant of Performance Share Units. The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

Grant of Performance Share Units. The Company hereby grants this Award of PSUs, pursuant to the Participant the Target Number of PSUs Grantedwhich, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents Agreement and the unsecured right Plan, the Company will pay to receive a the Grantee on the Settlement Date one (1) Share as of the Settlement Date multiplied by the number of Sharesvested PSUs earned hereby, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required subject to pay any additional consideration applicable withholding for the issuance of the Shares, if any, upon settlement of the PSUstaxes.

Grant of Performance Share Units. The Company hereby grants to the Participant the “Target Number of PSUs GrantedPSUs” as set forth in the Award Summary, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.