Performance Conditions. The performance conditions are set forth on Exhibit A. Upon certification by the Committee of the completion of the performance conditions, the dollar equivalent of the percentage of salary will be determined. The Participant will receive a number of Units determined by dividing the dollar equivalent by the Fair Market Value of a share of Company Stock on the date that the completion of the performance conditions is certified by the Committee or its designee (the “Determination Date”). No Units will be awarded hereunder if the Participant separates from service for any reason before the Determination Date.
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Samples: Performance Based Restricted Stock Unit Award Agreement (Markel Corp), Performance Based Restricted Stock Unit Award Agreement (Markel Corp), Performance Based Restricted Stock Unit Award Agreement (Markel Corp)
Performance Conditions. The performance conditions are set forth on Exhibit A. Upon certification by the Committee of the completion of the performance conditionscondition, the dollar equivalent of the percentage of salary will be determined. The Participant will receive a number of Units determined by dividing the dollar equivalent by the Fair Market Value of a share of Company Stock common stock. The Fair Market Value will be determined by using the closing price of Company common stock on the date that the completion of the performance conditions condition is certified by the Committee or its designee (the “Determination Date”). No Units will be awarded hereunder if the Participant separates from service for any reason before the Determination Date.
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Samples: Restricted Stock Unit Award Agreement (Markel Corp)
Performance Conditions. The performance conditions are set forth on Exhibit A. Upon certification by the Committee of the completion of the performance conditions, the dollar equivalent of the percentage of salary will be determined. The Participant will receive a number of Units determined by dividing the dollar equivalent by the Fair Market Value of a share of Company Stock on the date that the completion of the performance conditions is certified by the Committee or its designee (the “"Determination Date”"). No Units will be awarded hereunder if the Participant separates from service for any reason before the Determination Date.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Award Agreement (Markel Corp)