Common use of Nature of Award Clause in Contracts

Nature of Award. The Target Award represents the opportunity to receive shares of Company common stock, $1.00 par value ("Shares") and Dividend Equivalents on such Shares. The number of Shares that may be earned under this Award shall be determined pursuant to Section 2 hereof. The amount of Dividend Equivalents that may be earned under this Award shall be determined pursuant to Section 4 hereof. Except for Dividend Equivalents, which are paid in cash, Awards will be paid in Shares.

Appears in 15 contracts

Samples: Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc)

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Nature of Award. The Target Award represents the opportunity to receive shares of Company common stock, $1.00 par value ("Shares") and Dividend Equivalents on such Shares. The number of Shares that may be earned under this Award shall be determined pursuant to Section 2 4 hereof. The amount of Dividend Equivalents that may be earned under this Award shall be determined pursuant to Section 4 6 hereof. Except for Dividend Equivalents, which are paid in cash, Awards will be paid in Shares.

Appears in 5 contracts

Samples: Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc), Performance Share Award Agreement (Mdu Resources Group Inc)

Nature of Award. The Target Award represents the opportunity to receive shares of Company common stock, $1.00 0.01 par value ("Shares") and Dividend Equivalents on such Shares. The number of Shares that may be earned under this Award shall be determined pursuant to Section 2 4 hereof. The amount of Dividend Equivalents that may be earned under this Award shall be determined pursuant to Section 4 6 hereof. Except for Dividend Equivalents, which are paid in cash, Awards will be paid in Shares.

Appears in 1 contract

Samples: Performance Share Award Agreement (Knife River Corp)

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Nature of Award. The Target Award represents the opportunity to receive a number of shares of Company common stock, $1.00 0.001 par value per share ("the β€œShares") and Dividend Equivalents on such Shares. The number ”), as are earned in accordance with Section 3 of Shares that may be earned under this Award shall be determined pursuant to Agreement as more fully set forth in Section 2 hereof. The amount 4 of Dividend Equivalents that may be earned under this Award shall be determined pursuant to Section 4 hereof. Except for Dividend Equivalents, which are paid in cash, Awards will be paid in SharesAgreement.

Appears in 1 contract

Samples: Award Agreement (Aventine Renewable Energy Holdings Inc)

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