Common use of Performance Criteria Clause in Contracts

Performance Criteria. The “Performance Criteria” with respect to the Performance Units shall be comprised of the performance metrics, and each performance metric shall be weighted, as described in the Long-Term Award Criteria. Based on the “Payout Factors” and weighting described in the Long-Term Award Criteria, the Performance Units could expire without converting into any shares of Common Stock or could be convertible into as many as 200% of the number of Performance Units granted to each Grantee.

Appears in 9 contracts

Samples: Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp)

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