Common use of Grant of Performance Units Clause in Contracts

Grant of Performance Units. The number of Performance Units granted to you as a Performance Award under the Plan is _______. Each Performance Unit shall have a target value of $1.00. The actual value, if any, of a Performance Unit at the end of the Performance Period will be determined based on the level of achievement during the Performance Period of the performance objectives set forth in Exhibit A hereto, which is made a part hereof for all purposes.

Appears in 5 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

AutoNDA by SimpleDocs

Grant of Performance Units. The number of Performance Units granted to you as a Performance Award under the Plan is _______. Each Performance Unit shall have a target value of $1.00. The actual value, if any, of a Performance Unit at the end of the Performance Period will be determined based on the level of achievement during the Performance Period of the performance objectives set forth in Exhibit A hereto, which is made a part hereof for all purposes.

Appears in 2 contracts

Samples: Performance Award Agreement (Kbr, Inc.), Performance Award Agreement (Kbr, Inc.)

Grant of Performance Units. The number of Performance Units granted to you as a Performance Award under the Plan is _______. Each Performance Unit shall have a target value of $1.00. The actual value, if any, of a Performance Unit at the end of the Performance Period will be determined based on the level of achievement during the Performance Period of the performance objectives set forth in Exhibit A hereto, which is made a part hereof for all purposes. Eighty percent of the Performance Units shall be “Tranche One PUs” and twenty percent of the Performance Units shall be “Tranche Two PUs.

Appears in 1 contract

Samples: Performance Award Agreement (Kbr, Inc.)

AutoNDA by SimpleDocs

Grant of Performance Units. The number of Performance Units granted to you as a Performance Award under the Plan is _____________________. Each Performance Unit shall have a target value of $1.00______. The actual value, if any, of a Performance Unit at the end of the Performance Period will be determined based on the level of achievement during the Performance Period of the performance objectives set forth in Exhibit A hereto, which is made a part hereof for all purposes.

Appears in 1 contract

Samples: Performance Award Agreement (Kbr, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!