Common use of Grant of Performance Stock Units Clause in Contracts

Grant of Performance Stock Units. Pursuant to Section 6.6 of the Plan, the Company hereby grants to the Grantee an Award for a target number of [TARGET NUMBER] Performance Stock Units (the “Target Award”). Each Performance Stock Unit (“PSU”) represents the right to receive, on the settlement date, one Share, subject to the achievement of the applicable Performance Goals and all other terms and conditions set forth in this Agreement and the Plan. The number of PSUs that the Grantee actually earns for the Performance Period (up to a maximum of [MAXIMUM NUMBER]) will be determined by the level of achievement of the Performance Goals in accordance with Section 3. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan.

Appears in 3 contracts

Samples: Performance Stock Unit Agreement (Us Ecology, Inc.), Performance Stock Unit Agreement (Us Ecology, Inc.), Performance Stock Unit Agreement (Us Ecology, Inc.)

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Grant of Performance Stock Units. Pursuant to Section 6.6 7 of the Plan, the Company hereby grants to the Grantee an Award for a target maximum number of [TARGET NUMBER] performance stock units subject to certain performance-based vesting conditions and other restrictions as set forth in this Agreement (“Performance Stock Units Units” or “PSUs”) (the “Target Maximum Award”). Each Performance Stock Unit (“PSU”) PSU represents the right to receive, on the settlement date, receive one Shareshare of Common Stock, subject to the achievement of the applicable Performance Goals and all other terms and conditions set forth in this Agreement and the Plan. The number of PSUs that the Grantee actually earns for the Performance Period (up to a maximum of [MAXIMUM NUMBER]) will be determined by the level of achievement of the Performance Goals in accordance with Section 3Exhibit I attached hereto. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Avangrid, Inc.)

Grant of Performance Stock Units. Pursuant to Section 6.6 of the Plan, the Company hereby grants to the Grantee an Award for a target number of [TARGET NUMBER] ___________ Performance Stock Units (the "Target Award"). Each Performance Stock Unit ("PSU") represents the right to receive, on the settlement date, one Share, subject to the achievement of the applicable Performance Goals and all other terms and conditions set forth in this Agreement and the Plan. The number of PSUs that the Grantee actually earns for the Performance Period (up to a maximum of [MAXIMUM NUMBER]____________) will be determined by the level of achievement of the Performance Goals in accordance with Section 3. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Us Ecology, Inc.)

Grant of Performance Stock Units. Pursuant to Section 6.6 of the Plan, the Company hereby grants to the Grantee an Award for a target number of [TARGET NUMBER] ___________ Performance Stock Units (the “"Target Award"). Each Performance Stock Unit ("PSU") represents the right to receive, on the settlement date, one Share, subject to the achievement of the applicable Performance Goals (defined below) and all other terms and conditions set forth in this Agreement and the Plan. The number of PSUs that the Grantee actually earns for the Performance Period (up to a maximum of [MAXIMUM NUMBER]____________) will be determined by the level of achievement of the Performance Goals in accordance with Section 3. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Us Ecology, Inc.)

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Grant of Performance Stock Units. Pursuant to Section 6.6 7 of the Plan, the Company hereby grants to the Grantee an Award for a target maximum number of [TARGET NUMBER] Performance Stock Units _____________ performance stock units (the “Target Maximum Award”) subject to certain performance-based vesting conditions and other restrictions as set forth in this Agreement (“Performance Stock Units” or “PSUs”). Each Performance Stock Unit (“PSU”) PSU represents the right to receive, on the settlement date, receive one Shareshare of Common Stock, subject to the achievement of the applicable Performance Goals and all other terms and conditions set forth in this Agreement and the Plan. The number of PSUs that the Grantee actually earns for the Performance Period (up to a maximum of [MAXIMUM NUMBER]_____________) will be determined by the level of achievement of the Performance Goals in accordance with Section 3Exhibit I attached hereto. Capitalized terms that are used but not defined herein have the meanings ascribed to them in the Plan.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Avangrid, Inc.)

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