Common use of Grant of Performance Stock Units Clause in Contracts

Grant of Performance Stock Units. Subject to the terms and conditions set out in this Agreement, the Company hereby grants to the Participant a total of 500,000 Performance Stock Units. On vesting, each Performance Stock Unit will entitle the Participant to receive one fully paid and non-assessable Share (each, a “PSU Share” and collectively, the “PSU Shares”). No cash payment shall be made by the Company to the Participant in lieu of issuance of PSU Shares.

Grant of Performance Stock Units. Subject to the terms and conditions set out in this Agreement, the Company hereby grants to the Participant a total of 500,000 1,500,000 Performance Stock Units. On vesting, each Performance Stock Unit will entitle the Participant to receive one fully paid and non-assessable Share (each, a “PSU Share” and collectively, the “PSU Shares”). No cash payment shall be made by the Company to the Participant in lieu of issuance of PSU Shares.

Grant of Performance Stock Units. Subject to the terms and conditions set out in this Agreement, the Company hereby grants to the Participant a total of 500,000 2,000,000 Performance Stock Units. On vesting, each Performance Stock Unit will entitle the Participant to receive one fully paid and non-assessable Share (each, a “PSU Share” and collectively, the “PSU Shares”). No cash payment shall be made by the Company to the Participant in lieu of issuance of PSU Shares.

Grant of Performance Stock Units. Subject to the terms and conditions set out in this Agreement, the Company hereby grants to the Participant a total of 500,000 1,000,000 Performance Stock Units. On vesting, each Performance Stock Unit will entitle the Participant to receive one fully paid and non-assessable Share (each, a “PSU Share” and collectively, the “PSU Shares”). No cash payment shall be made by the Company to the Participant in lieu of issuance of PSU Shares.