Performance Share Account. The Company will cause an account (the “Performance Share Account”) to be established and maintained on the books of the Company to record the number of Performance Shares credited to the Participant under the terms of this Agreement. The Participant’s interest in the Performance Share Account will be that of a general, unsecured creditor of the Company. Upon issuance of the Shares to the Participant as provided in Section 4 below, the corresponding number of Shares credited to the Participant’s Performance Share Account will be eliminated.
Appears in 3 contracts
Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.)
Performance Share Account. The Company will shall cause an account (the “Performance Share Account”) to be established and maintained on the books of the Company to record the number of Performance Shares credited to the Participant under the terms of this Agreement. The Participant’s interest in the Performance Share Account will be that of a general, unsecured creditor of the Company. Upon issuance of the Shares to the Participant as provided in Section 4 below, the corresponding number of Shares credited to the Participant’s Performance Share Account will be eliminated.this
Appears in 1 contract
Samples: Performance Share Agreement (Park Hotels & Resorts Inc.)
Performance Share Account. The Company will shall cause an account (the “"Performance Share Account”") to be established and maintained on the books of the Company to record the number of Performance Shares credited to the Participant under the terms of this Agreement. The Participant’s interest in the Performance Share Account will shall be that of a general, unsecured creditor of the Company. Upon issuance of the Shares to the Participant as provided in Section 4 below, the corresponding number of Shares credited to the Participant’s Performance Share Account will be eliminated.
Appears in 1 contract
Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.)
Performance Share Account. The Company will shall cause an account (the “Performance Share Account”) to be established and maintained on the books of the Company to record the number of Performance Shares credited to the Participant under the terms of this Agreement. The Participant’s interest in the Performance Share Account will shall be that of a general, unsecured creditor of the Company. Upon issuance of the Shares to the Participant as provided in Section 4 below, the corresponding number of Shares credited to the Participant’s Performance Share Account will be eliminated.
Appears in 1 contract
Samples: Performance Share Agreement (Hilton Grand Vacations Inc.)
