Performance Share Program Sample Clauses

Performance Share Program. (a) Immediately prior to the Effective Time, each ongoing performance period under the COP Performance Share Program shall be truncated and COP PSUs shall be granted on a prorated basis based on the portion of each performance period that has elapsed prior to the Effective Time to COP Group Employees and Xxxxxxxx 66 Group Employees who are participating in the COP Performance Share Program immediately prior to the Effective Time based on actual performance as compared to the applicable quantitative and qualitative measures during each ongoing performance period. (b) Not later than the Effective Time, Xxxxxxxx 66 shall, or shall cause another Xxxxxxxx 66 Entity to, adopt a performance share program that is substantially similar to the COP Performance Share Program and shall provide compensation opportunities under the Xxxxxxxx 66 performance share program to each Xxxxxxxx 66 Group Employee who participated in the COP Performance Share Program immediately prior to the Effective Time that are substantially similar to the compensation opportunities that such Xxxxxxxx 66 Group Employees had under the COP Performance Share Program immediately prior to the Effective Time. (c) Immediately following the Effective Time, COP shall provide the COP Group Employees who participated in the COP Performance Share Program immediately prior to the Effective Time with compensation opportunities under the COP Performance Share Program that are substantially similar to the compensation opportunities that such COP Group Employees had under the COP Performance Share Program immediately prior to the Effective Time.
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Performance Share Program. Effective as of the Initial Payment Date, the Employee shall forfeit and/or relinquish any and all interests and rights under the Company's Performance Share Program, for any and all performance periods. Employee acknowledges that he is not entitled to any future participation or payouts with respect to the Performance Share Program.
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Performance Share Program. The Company represents and warrants that a maximum of 300,000 shares of Common Stock have been issued to the NetLive Communications, Inc. Performance Share Program Trust (the "Trust") pursuant to the Plan and that 106,000 shares of Common Stock have been awarded under the Plan as of the date hereof. The Company agrees that it will not authorize the issuance to the Trust of more than the 300,000 shares of Common Stock previously issued to the Trust and the remaining 194,000 shares of Common Stock issued to the Trust and not already awarded to NetLive employees (the "Remaining Shares") shall not be awarded under the Plan except in connection with any compensation packages awarded in connection with the recruitment and hiring and retention from time to time of the Company's new Chief Executive Officer and other senior management excluding Xxxxxxx Xxxxxxxxxx, Xxxxxxxx Xxxxx, Xxxxxx Xxxxxxxx, Xxxxxxx Xxxx and Xxxxx Xxxx. The parties further agree that if all or at least 2/3 of the Remaining Shares are not so awarded by June 30, 1998, the Company will use its reasonable efforts to cause the Trust to return the unawarded Remaining Shares to the Company; provided that the unawarded Remaining Shares shall not be returned to the Company if such return cannot be done in accordance with all applicable laws or would have a material adverse tax effect.
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Performance Share Program. 5 1.37 Plan .................................................................................................... 5 1.38 Ratio ................................................................................................... 5 1.39 Reasonable Efforts ...................................................................................... 5
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Performance Share Program. As of the date hereof, you have been credited, but not vested in, 12,000 Class A common shares (the “Credited Shares”) of American Greetings in accordance with and subject to the terms and conditions of the American Greetings Performance Share Program, and your June 26, 2009 Performance Share Grant Agreement. Promptly following the Separation Date, and subject to standard tax withholdings, you will be issued 12,000 fully vested and unrestricted Class A common shares (or such lesser amount to the extent that you elect to have shares withheld to pay taxes due on the vesting of such shares), which amount represents 100% of the Credited Shares that were scheduled to vest on February 28, 2013. All other Credited Shares, together with any other performance shares that have not otherwise credited or vested under your June 26, 2009 Performance Share Grant Agreement, shall automatically terminate and be cancelled on the Separation Date.
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Performance Share Program. 5 1.35 Plan....................................................................................................5 1.36 Ratio...................................................................................................5 1.37 Reasonable Efforts......................................................................................5 1.38 SARP....................................................................................................5 1.39 SARP Award..............................................................................................5 1.40 Section 414(l) Amount...................................................................................5 1.41 Separation and Distribution Agreement...................................................................5 1.42 Stock Purchase Plan.....................................................................................6 1.43 Teledyne................................................................................................6 1.44 Teledyne 401(k) Plan....................................................................................6 1.45 Teledyne Technologies Entity............................................................................5 1.46 Teledyne Technologies 401(k) Plan.......................................................................5 1.47 Teledyne Technologies Individual........................................................................5 1.48 Teledyne Technologies Pension Plan......................................................................6 1.49 Teledyne Technologies Pension Plan Participants.........................................................6 1.50 Teledyne Technologies Stock Value.......................................................................6
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Performance Share Program. Under the terms of the Performance Share Program (PSP), you will forfeit all outstanding awards. As of the date of this Letter Agreement, you will not be eligible for any additional PSP awards.
Sample 1
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Related to Performance Share Program

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Directed Share Program The Company will comply with all applicable securities and other laws, rules and regulations in each jurisdiction in which the Directed Shares are offered in connection with the Directed Share Program.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

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