Common use of Number of Units Awarded Clause in Contracts

Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2008 through 2010 (October 1, 2007 through September 30, 2010). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $[ ], the percentage of Units earned would be 125% of the number of Units originally granted.

Appears in 1 contract

Samples: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

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Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycleperiod, Fiscal Years 2008 2004 through 2010 (October 1, 2007 through September 30, 2010)2006. The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $[ ]5.00, the percentage of Units earned would be 125% of the number of Units originally granted.

Appears in 1 contract

Samples: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cyclecycle period, Fiscal Years 2008 200 ___ through 2010 (October 1, 2007 through September 30, 2010)200___. The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $[ ]___, the percentage of Units earned would be 125___% of the number of Units originally granted.. Performance Level Cumulative 3-Yr. EPS Earned Below Threshold Less than $β€” 0% Threshold $β€” 50%

Appears in 1 contract

Samples: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

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Number of Units Awarded. The number of Units ultimately to be awarded to the Grantee upon vesting is contingent upon the cumulative amount of earnings per share achieved by the Company for the three year measurement cycle, Fiscal Years 2008 ___ through 2010 ___ (October 1, 2007 ___ through September 30, 2010___). The percentage of Units earned for each level of the cumulative amount of earnings per share is illustrated in the performance schedule below. In addition, should the performance levels achieved be between the stated criteria below, straight-line interpolation will be used. For example, should the cumulative amount of earnings per share for the three-year period be $[ ]___, the percentage of Units earned would be 125___% of the number of Units originally granted.. Below Threshold Less than $___ 0 % Threshold $___ 50 % Target $___ 100 % Maximum $___ 150 %

Appears in 1 contract

Samples: Award Agreement of Performance Based Restricted Stock Units (Atmos Energy Corp)

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