Performance Based Restricted Stock Awards Sample Clauses

Performance Based Restricted Stock Awards. As set forth in Exhibit A attached hereto, Executive’s outstanding performance-based restricted stock awards (i) shall remain outstanding and eligible to vest in-full (subject to the attainment of the applicable performance goals) in accordance with their terms during the period preceding the Retirement Date, and (ii) shall remain outstanding and eligible to vest on a pro-rata basis (subject to the attainment of the applicable performance goals) pursuant to the retirement terms thereunder during all applicable periods occurring on and after the Retirement Date, it being understood that any shares of performance-based restricted stock subject to such awards that do not remain outstanding and eligible to vest in accordance with this Section 2(c) (or do not otherwise vest because the applicable performance goals are not attained) shall be forfeited. For the avoidance of doubt, the share amounts reflected in Exhibit A assume a payout at target; any ultimate amount, however, will be subject to the attainment of the applicable performance goals. 3.
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Performance Based Restricted Stock Awards. All performance based restricted stock awards granted to you pursuant to Section 3(d) of your Employment Agreement, or otherwise, under all of the Company’s stock plans, to the extent not already unrestricted will vest and become unrestricted upon the effective date of your separation from service. The Company will make an additional “tax gross up” payment to you, consistent with Section 3(d) of your Employment Agreement.
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Performance Based Restricted Stock Awards. All such awards terminate immediately, and no payment shall be made with respect thereto.
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Performance Based Restricted Stock Awards. The Executive shall receive the following performance-based restricted stock awards pursuant to the Company's Amended and Restated 2009 Omnibus Incentive Plan: (i) a performance-based stock award with a face value of One Million Two Hundred and Twenty-Five Thousand Dollars ($1,225,000.00) that will vest based on the Company's relative Total Shareholder Return (“TSR”) achieved over a three-year period (the “2013 TSR Stock Award”). The number of shares of the 2013 TSR Stock Award granted will be determined based on the Company's stock price at the close of the market on the first business day of 2013 as reported on the New York Stock Exchange (the “2013 TSR Target Award Shares”). Vesting of the 2013 TSR Stock Award is contingent upon the Company achieving a percentile rank of 60th against a peer group of companies for three years on an annualized basis, for the period January 1, 2013 through December 31, 2015 (the “2013 TSR Target”). TSR measurement compares the performance of a company's stock by looking at share price appreciation (and dividends, if applicable) over the measurement period. The terms and conditions of the 2013 TSR Stock Award will be set forth in a restricted stock agreement between the Company and the Executive. (ii) a performance-based stock award with a face value of One Million Two Hundred Thousand Dollars ($1,200,000.00) that will vest based on the Company's relative TSR achieved over a three-year period (the “2014 TSR Stock Award”). The number of shares of the 2014 TSR Stock Award granted will be determined based on the Company's stock price at the close of the market on the first business day of 2014 as reported on the New York Stock Exchange (the “2014 TSR Target Award Shares”). Vesting of the 2014 TSR Stock Award is contingent upon the Company achieving a percentile rank of 60th against a peer group of companies for three years on an annualized basis, for the period January 1, 2014 through December 31, 2016 (the “2014 TSR Target”). The terms and conditions of the 2014 TSR Stock Award will be set forth in a restricted stock agreement between the Company and the Executive. (iii) a performance-based stock award with a face value of One Million Two Hundred Thousand Dollars ($1,200,000.00) that will vest based on the Company's relative TSR achieved over a two-year period (the “2015 TSR Stock Award”). The number of shares of the 2015 TSR Stock Award granted will be determined based on the Company's stock price at the close of the market ...
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Performance Based Restricted Stock Awards. (a) Performance Based on HHH Total Shareholder Return.
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Performance Based Restricted Stock Awards. One performance-based restricted stock award granted on December 30, 2009, pursuant to the 2006 Plan, that shall vest on December 30, 2010 based on the achievement of certain performance objectives for fiscal year 2010 using qualifying criteria contained in the 2006 Plan (the “2010 Performance Restricted Stock Award”) and one performance-based restricted stock award granted on December 30, 2010, pursuant to the 2006 Plan, that shall vest on December 30, 2011 based on the achievement of certain performance objectives for fiscal year 2011 using qualifying criteria contained in the 2006 Plan (the “2011 Performance Restricted Stock Award”). The target 2010 Performance Restricted Stock Award was granted and performance objectives set by the Compensation Committee of the Board of Directors of Xxxxxx on December 12, 2009. The 2011 Performance Restricted Stock Award shall be granted and the performance objective(s) set by the Compensation Committee of the Board of Directors of Xxxxxx prior to commencement of fiscal year 2011. There shall be a threshold level of performance for each performance objective below which no stock shall be earned, a target level of performance, and a maximum level of performance, the amount of which can be up to and including two and a half times the target amount, above which no additional stock shall be earned. The target number of restricted shares that shall be earnable for 2010 is 71,076 shares. The total number of restricted shares that can be earned by the Executive for 2010 is 71,076. The target number of restricted shares that shall be earnable for 2011 and the total number of restricted shares that can be earned by the Executive for 2011, shall be determined by the Compensation Committee on its award date. The achievement of the 2010 Performance Restricted Stock Award and the 2011 Performance Restricted Stock Award for purposes of this Section 1.6 shall be confirmed by the Chief Financial Officer and the Compensation Committee and may be adjusted at the sole discretion of the Compensation Committee in a manner consistent with the performance-based compensation rules of Section 162(m) of the IRC, and as permitted by the 2006 Plan. Notwithstanding any other provision hereof, the Compensation Committee shall have the right, in its sole discretion, to reduce the actual award payout for any Performance Restricted Stock Award by up to and including 5% of the maximum award payout provided that such discretion shall only be exercised b...
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Performance Based Restricted Stock Awards 
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Related to Performance Based Restricted Stock Awards

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Equity-Based Awards (a) As soon as practicable following the date of this Agreement, the Board of Directors of the Company (or, if appropriate, any committee thereof administering the Company Stock Plans) shall adopt such resolutions or use commercially reasonable efforts to take such other actions (including obtaining any required consents) as may be required to effect the following: (i) (A) prior to the Effective Time, each outstanding unvested Company Stock Option shall automatically accelerate so that each such Company Stock Option shall become fully exercisable for all shares of Company Common Stock at the time subject to such Company Stock Option and may be exercised by the holder thereof for any or all of such shares and (B) upon the Effective Time, all outstanding Company Stock Options shall be canceled, with the holder of each Company Stock Option becoming entitled to receive, in full satisfaction of the rights of such holder with respect thereto, an amount in cash equal to (x) the excess, if any, of the per share Merger Consideration over the exercise price per share of Company Common Stock subject to such Company Stock Option, multiplied by (y) the number of shares of Company Common Stock subject to such Company Stock Option; provided that all amounts payable pursuant to this clause (i) shall be subject to any required withholding of taxes or proof of eligibility for exemption therefrom and shall be paid at or as soon as practicable following the Effective Time, without interest; (ii) each share of Company Restricted Stock shall be adjusted as necessary to provide that the restrictions on such share shall lapse at the Effective Time, and at the Effective Time, each share of Company Restricted Stock shall be converted into the right to receive the Merger Consideration in accordance with Section 2.01(c), subject to any applicable withholding pursuant to Section 2.02(h); and (iii) make such other changes to the Company Stock Plans as Parent and the Company may reasonably agree are appropriate to give effect to the Merger. (b) Each provision in each Company Benefit Plan and Company Benefit Agreement providing for the issuance, transfer or grant of any shares of Company Common Stock or any Company Stock Options, Company Restricted Stock or any other interests in respect of any capital stock (including any "phantom" stock, stock appreciation rights or performance units) of the Company shall be deleted prior to the Effective Time, and the Company shall ensure that, following the Effective Time, there shall be no rights to acquire shares of Company Common Stock, Company Stock Options, Company Restricted Stock or any other interests in respect of any capital stock (including any "phantom" stock, stock appreciation rights or performance units) of the Company or the Surviving Corporation.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.