Common use of Performance Share Award Clause in Contracts

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 5,760 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 1,280 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 2000 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 Shares [X,XXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 Shares [X,XXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 2005 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 Shares [number of shares] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 Shares [number of shares] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 10,800 Shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 2,400 Shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 2002 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 Shares [XXXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 Shares [XXXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

Performance Share Award. The Company hereby grants to the Grantee a Performance Share Award for the year ending December 31, 2007 2001 (the "Award Year"). As more fully described herein, the Grantee may earn a maximum total of 3,600 Shares [XXXX] shares (the "Contingent Performance Shares") upon the Company's achievement of the Performance Goals set forth in Section 2. Alternatively, the Grantee may elect to receive 800 Shares [XXXX] shares (the "Forfeitable Performance Shares"), as detailed in Section 3, in lieu of receiving any Contingent Performance Shares. The Forfeitable Performance Shares shall be subject to forfeiture conditions, as set forth in Section 3(c).

Appears in 1 contract

Samples: Performance Share Agreement (Chesapeake Utilities Corp)

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