Payment of Performance Shares. The Performance Shares payable to a Participant as determined by the Payout Percentage calculated pursuant to Section 3 shall be as follows: • 100% of the Performance Shares will be paid in the form of common stock of the Company (without any restrictions thereupon). The Company shall not be required to issue any fractional Performance Shares pursuant to this Award Agreement, and the Compensation Committee shall round fractions down.
Appears in 6 contracts
Samples: 2018 Incentive Plan (Charles River Laboratories International, Inc.), Performance Share Unit Award Agreement (Charles River Laboratories International, Inc.), Performance Share Unit Award Agreement (Charles River Laboratories International, Inc.)
