Common use of Long-Term Incentive Award – Performance Shares Clause in Contracts

Long-Term Incentive Award – Performance Shares. The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance Cycle.

Appears in 8 contracts

Sources: Incentive Award Agreement (Popular Inc), Incentive Award Agreement (Popular Inc), Incentive Award Agreement (Popular Inc)

Long-Term Incentive Award – Performance Shares. (a) The Grantee is hereby granted the Performance Shares Award described below. The Grantee will earn a number of shares of the Corporation’s common stock based on the Corporation’s achievement of the Performance Goal at the end of the Performance CycleCycle as follows: (b) For the consequences of the termination of employment with respect to the Performance Shares awarded to the Grantee, which may result in the forfeiture of such Performance Shares, please refer to Article IX of the Plan and to the Prospectus of the Plan.

Appears in 5 contracts

Sources: Incentive Award Agreement (Popular Inc), Incentive Award Agreement (Popular Inc), Incentive Award Agreement (Popular Inc)