PERFORMANCE SHARE RETENTION UNIT GRANT Sample Clauses

PERFORMANCE SHARE RETENTION UNIT GRANT. You shall receive a Performance Share Retention Unit Grant with respect to 100,000 shares of Verizon common stock. The Performance Share Retention Unit Grant is contingent on your timely execution of this Agreement. The terms of the Performance Share Retention Unit Grant are set forth in the Performance Share Retention Unit Grant Agreement attached hereto as Exhibit B, which is incorporated herein by reference. Your rights under the Performance Share Retention Grant following the termination of your employment shall be governed by paragraph 13 ("Termination Of Employment") and by the terms of such Performance Share Retention Unit Grant Agreement. If you do not timely execute this Agreement, you shall not receive the Performance Share Retention Unit Grant.
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PERFORMANCE SHARE RETENTION UNIT GRANT. You shall receive a Performance Share Retention Unit Grant with respect to 80,000 shares of Verizon Communications common stock. The Performance Share Retention Unit Grant is contingent on your timely execution of this Agreement. The terms of the Performance Share Retention Unit Grant are set forth in the Performance Share Retention Unit Grant Agreement attached hereto as Exhibit B, which is incorporated herein by reference (the "PSRU Grant Agreement"). At the time of the IPO, the units granted under the PSRU Agreement shall be converted into units based on the value of shares of Class A common stock of Verizon Wireless. Your rights under the Performance Share Retention Grant following the termination of your employment shall be governed by such PSRU Grant Agreement or a successor agreement, rather than by the terms of paragraph 13 ("Termination of Employment"). If you do not timely execute this Agreement, you shall not receive the Performance Share Retention Unit Grant.
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PERFORMANCE SHARE RETENTION UNIT GRANT. You shall receive a Performance Share Retention Unit Grant with respect to 30,000 shares of Verizon common stock. The Performance Share Retention Unit Grant is contingent on your timely execution of this Agreement and your election to participate in the Special Retention Account Program described in paragraph 11 ("Special Retention Account Program"). The terms of the Performance Share Retention Unit Grant are set forth in the Performance Share Retention Unit Grant Agreement attached hereto as Exhibit B, which is incorporated herein by reference. Your rights under the Performance Share Retention Grant following the termination of your employment shall be governed by such Performance Share Retention Grant Agreement, rather than by the terms of paragraph 13 ("Termination of Employment"). If you do not timely execute this Agreement and timely elect to participate in such Special Retention Account Program, you shall not receive the Performance Share Retention Unit Grant.
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PERFORMANCE SHARE RETENTION UNIT GRANT. You shall receive a Performance Share Retention Unit Grant with respect to 30,000 shares of Verizon common stock. The Performance Share Retention Unit Grant is contingent on your timely execution of this Agreement and your election to participate in the Special Retention Account Program described in paragraph 11 ("Special Retention Account Program"). The terms of the Performance Share Retention Unit Grant are set forth in the Performance Share Retention Unit Grant Agreement attached hereto as Exhibit B, which is incorporated herein by reference. Your rights under the Performance Share Retention Grant following the termination of your employment Mr. Xxxxxxxx X. Xxxxxxx October 3, 2000 Page 4 shall be governed by such Performance Share Retention Grant Agreement, rather than by the terms of paragraph 13 ("Termination of Employment"). If you do not timely execute this Agreement and timely elect to participate in such Special Retention Account Program, you shall not receive the Performance Share Retention Unit Grant.
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PERFORMANCE SHARE RETENTION UNIT GRANT. You shall receive a Performance Share Retention Unit Grant with respect to 150,000 shares of Verizon common stock. The Performance Share Retention Unit Grant is contingent on your timely execution of this Agreement. The terms of the Performance Share Retention Unit Grant are set forth in the Performance Share Retention Unit Grant Agreement attached hereto as Exhibit B, which is incorporated herein by reference. Your rights under the Performance Share Retention Unit Grant following the termination of your employment shall be governed by paragraph 13 ("Termination Of Service") and by the terms of such Performance Share Retention Unit Grant Agreement.
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Related to PERFORMANCE SHARE RETENTION UNIT GRANT

  • 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 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 Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • 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.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Restricted Stock Unit Grant In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).

  • Share Award The Corporation hereby awards the Employee Shares (Shares) of Common Stock, par value $1.50 per share (Common Stock) of the Corporation pursuant to the 2007 Viad Corp Omnibus Incentive Plan (Plan), subject to the terms, conditions, and restrictions of such Plan and as hereinafter set forth.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

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