Common use of PERFORMANCE SHARE AWARD PAYOUT Clause in Contracts

PERFORMANCE SHARE AWARD PAYOUT. The payout amount of your Performance Share Award is equal to the number of your vested Performance Shares, including Dividend Equivalents, multiplied by Average 20-day Closing Price of Common Stock (as listed on the New York Stock Exchange) at the end of the Performance Period, multiplied by the Payout Modifier, as described below.

Appears in 4 contracts

Samples: Performance Share Award (Chevron Corp), Performance Share Award (Chevron Corp), Performance Share Award (Chevron Corp)

AutoNDA by SimpleDocs

PERFORMANCE SHARE AWARD PAYOUT. The payout amount value of your Performance Share Award is equal to the number of your vested Performance Shares, including Dividend Equivalents, multiplied by Average 20-day the Performance Share Multiplier as described below, then multiplied by the Closing Price of Common Stock (as listed on the New York Stock Exchange) at the end as of the certification date of such Performance Period, multiplied Share Multiplier by the Payout Modifier, as described belowCommittee.

Appears in 1 contract

Samples: Performance Share Award Agreement (Chevron Corp)

AutoNDA by SimpleDocs

PERFORMANCE SHARE AWARD PAYOUT. The payout amount of your Performance Share Award is equal to the number of your vested Performance Shares, including Dividend Equivalents, multiplied by Average 20-day Closing Price of Common Stock (as listed on the New York Stock Exchange) at the end of the Performance Period, multiplied by the Payout ModifierPerformance Share Multiplier, as described below.

Appears in 1 contract

Samples: Performance Share Award Agreement (Chevron Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!