Common use of Payment of Performance Shares Clause in Contracts

Payment of Performance Shares. (a) Performance Shares earned for the Performance Period will be issued to the Executive only following the Committee's formal review and certification of the actual TSR performance results for the Performance Period.

Appears in 4 contracts

Samples: 2016 Performance Share Agreement (PDC Energy, Inc.), 2016 Performance Share Agreement (PDC Energy, Inc.), 2013 Performance Share Agreement (PDC Energy, Inc.)

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Payment of Performance Shares. (a) a. Performance Shares earned for the Performance Period will be issued to the Executive only following the Committee's formal review and certification of the actual TSR performance results for the Performance Period.

Appears in 2 contracts

Samples: 2014 Performance Share Agreement (PDC Energy, Inc.), 2015 Performance Share Agreement (PDC Energy, Inc.)

Payment of Performance Shares. (a) Performance Shares earned for the Performance Period will be issued paid to the Executive only following the Committee's formal review and certification of the actual TSR performance results for the Performance Period.

Appears in 1 contract

Samples: 2018 Performance Share Agreement (PDC Energy, Inc.)

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Payment of Performance Shares. (a) Performance Shares earned for the Performance Period will be issued to the Executive only following the Committee's ’s formal review and certification of the actual TSR performance results for the Performance Period.

Appears in 1 contract

Samples: 2012 Performance Share Agreement (Petroleum Development Corp)

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