Common use of Grant of Target Units Clause in Contracts

Grant of Target Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee <<Rounded_Prsu>> (<<Rounded_PRSU>>) Target Units (“Target Units”). Subject to Section 3 hereof, each Target Unit shall initially represent one share of the Company’s Common Stock (“Share”), $1.00 par value. Each Target Unit represents an unsecured promise of the Company to deliver Shares to Grantee pursuant to the terms and conditions of the Plan and this Agreement. As a holder of Target Units, Grantee has only the rights of a general unsecured creditor of the Company.

Grant of Target Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee <<«Rounded_Prsu>> » (<<«Rounded_PRSU>>») Target Units (“Target Units”). Subject to Section 3 hereof, each Target Unit shall initially represent one share of the Company’s Common Stock (“Share”), $1.00 par value. Each Target Unit represents an unsecured promise of the Company to deliver Shares to Grantee pursuant to the terms and conditions of the Plan and this Agreement. As a holder of Target Units, Grantee has only the rights of a general unsecured creditor of the Company.

Grant of Target Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee <<Rounded_Prsu>> «Shares_Granted» (<<Rounded_PRSU>>«Shares_Granted») Target Units (“Target Units”). Subject to Section 3 hereof, each Target Unit shall initially represent one share of the Company’s Common Stock (“Share”), $1.00 par value. Each Target Unit represents an unsecured promise of the Company to deliver Shares to the Grantee pursuant to the terms and conditions of the Plan and this Agreement. As a holder of Target Units, the Grantee has only the rights of a general unsecured creditor of the Company.

Grant of Target Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby grants to Grantee <<Rounded_Prsu>> [___________________ (<<Rounded_PRSU>>) _____)] Target Units (“Target Units”"TARGET UNITS"). Subject to Section 3 hereof, each Target Unit shall initially represent one share of the Company’s 's Common Stock (“Share”"SHARE"), $1.00 par value. Each Target Unit represents an unsecured promise of the Company to deliver Shares to the Grantee pursuant to the terms and conditions of the Plan and this Agreement. As a holder of Target Units, the Grantee has only the rights of a general unsecured creditor of the Company.