Grant of Performance Share Units. The Company confirms the grant on ###GRANT_DATE### (the “Grant Date”) to the Participant, the target number of ###TOTAL_AWARDS### Performance Share Units (“PSUs”). All PSUs granted under this Agreement are intended to be Performance Based Awards. The PSUs are notional units of measurement denominated in Shares of common stock (i.e., one PSU is equivalent in value to one Share of common stock of the Company). The PSUs represent an unfunded, unsecured right to receive Shares and dividend equivalent payments in the future if the conditions in the Plan and this Agreement are satisfied.
Appears in 3 contracts
Samples: 2024 Performance Share Unit Grant Agreement for Senior Leadership Team (Xylem Inc.), 2011 Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (Xylem Inc.)
Grant of Performance Share Units. The Company confirms the grant on ###GRANT_DATE### (the “Grant Date”) to the Participant, the target number of ###TOTAL_AWARDS### Performance Share Units (“PSUs”). All PSUs granted under this Agreement agreement are intended to be Performance Based Awards. The PSUs are notional units of measurement denominated in Shares shares of common stock (i.e., one PSU Performance Share Unit is equivalent in value to one Share share of common stock of the Company). The PSUs represent an unfunded, unsecured right to receive Shares shares and dividend equivalent payments in the future if the conditions in the Plan and this Agreement are satisfied.
Appears in 3 contracts
Samples: 2011 Omnibus Incentive Plan (Xylem Inc.), Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (Xylem Inc.)
Grant of Performance Share Units. The Company confirms the grant on ###GRANT_DATE### [Grant Date] (the “Grant Date”) to the Participant, the target number of [#,###TOTAL_AWARDS### ] Performance Share Units (“PSUs”). All PSUs granted under this Agreement agreement are intended to be Performance Based Awards. The PSUs are notional units of measurement denominated in Shares shares of common stock (i.e., one PSU Performance Share Unit is equivalent in value to one Share share of common stock of the Company). The PSUs represent an unfunded, unsecured right to receive Shares shares and dividend equivalent payments under subsection 2(b) in the future if the conditions in the Plan and this Agreement are satisfied.
Appears in 2 contracts
Samples: Omnibus Incentive Plan (Xylem Inc.), Omnibus Incentive Plan (Xylem Inc.)
