Common use of Performance Award Clause in Contracts

Performance Award. The Corporation hereby grants to you, effective as of the Grant Date, a Performance Award representing the right to receive a specified number of Common Shares, as set forth in the attached Performance Award Certificate and subject to the terms and conditions set forth in this Agreement, the Performance Award Certificate and the Plan. The Performance Award, to the extent it becomes payable, shall be paid in Common Shares of the Corporation (the “Shares”).

Appears in 8 contracts

Samples: Performance Award Agreement (Otter Tail Corp), Performance Award Agreement (Otter Tail Corp), Performance Award Agreement (Otter Tail Corp)

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Performance Award. The Corporation hereby grants to you, effective as of the Grant Date, a Performance Award representing the right to receive a specified number of Common Shares, as set forth in the attached Performance Award Certificate and subject to the terms and conditions set forth in this Agreement, the Performance Award Certificate and the Plan. The Performance Award, to the extent it becomes payable, shall be paid in Common Shares of the Corporation (the “Shares”)Corporation.

Appears in 1 contract

Samples: Performance Award Agreement (Otter Tail Corp)

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