Common use of Number of Shares Earned Clause in Contracts

Number of Shares Earned. Your Award of Performance Shares specifies a number of Performance Shares awarded with respect to the [Applicable performance period] Performance Period. The number of Performance Shares designated for the [Applicable performance period] Performance Period represents a target number of Shares to be earned if the Company performance goals (the “Performance Goals”) are met for the [Applicable performance period] Performance Period. As of the last day of the [Applicable performance period] Performance Period, the Committee will determine, in accordance with the Schedule of Performance Goals below (the “Performance Schedule”), the number of Shares, if any, earned by you. The earned Shares will be paid as provided in paragraph 6 of this Performance Shares Award section subject to satisfaction of the vesting requirements and forfeiture provisions of paragraph 4 and paragraph 9 of this Performance Shares Award section.

Appears in 2 contracts

Samples: Stock Option and Performance Award Agreement (Kansas City Southern), Stock Option and Performance Award Agreement (Kansas City Southern)

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Number of Shares Earned. Your Award of Performance Shares specifies a number of Performance Shares awarded with respect to the [Applicable applicable performance period] Performance Period. The number of Performance Shares designated for the [Applicable applicable performance period] Performance Period represents a target number of Shares to be earned if the Company performance goals (the “Performance Goals”) are met for the [Applicable applicable performance period] Performance Period. As of the last day of the [Applicable applicable performance period] Performance Period, the Committee will determine, in accordance with the Schedule of Performance Goals below (the “Performance Schedule”), the number of Shares, if any, earned by you. The earned Shares will be paid as provided in paragraph 6 7 of this Performance Shares Award section subject to satisfaction of the vesting requirements and forfeiture provisions of paragraph 4 and paragraph 9 10 of this Performance Shares Award section.

Appears in 1 contract

Samples: Stock Option and Performance Award Agreement (Kansas City Southern)

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Number of Shares Earned. Your Award of Performance Shares specifies a number of Performance Shares awarded with respect to the [Applicable performance periodPerformance Period] Performance Period. The number of Performance Shares designated for the [Applicable performance periodPerformance Period] Performance Period represents a target number of Shares to be earned if the Company performance goals (the “Performance Goals”) are met for the [Applicable performance periodPerformance Period] Performance Period. As of the last day of the [Applicable performance periodPerformance Period] Performance Period, the Committee will determine, in accordance with the Schedule of Performance Goals below (the “Performance Schedule”), the number of Shares, if any, earned by you. The earned Shares will be paid as provided in paragraph 6 7 of this Performance Shares Award section subject to satisfaction of the vesting requirements and forfeiture provisions of paragraph 4 and paragraph 9 10 of this Performance Shares Award section.

Appears in 1 contract

Samples: Stock Option and Performance Award Agreement (Kansas City Southern)

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