Common use of Performance Share Unit Grant Clause in Contracts

Performance Share Unit Grant. I am pleased to inform you that you have been granted the above target number of Performance Share Units (the “Target PSUs”) with respect to the common stock, par value $0.01 per share (the “Common Stock”), of Atlas Energy Solutions Inc., a Delaware corporation (the “Company”), under the Atlas Energy Solutions Inc. Long Term Incentive Plan (the “Plan”), as of the Date of Grant. Each Performance Share Unit awarded hereby (a “PSU”) represents the right to receive one share of Common Stock subject to the terms and conditions of this Performance Share Unit Grant Agreement, including Attachments A and B hereto (this “Agreement”), and the number of PSUs that may become vested hereunder may range from 0% to 200% of the Target PSUs, subject to the Committee’s discretion to increase the ultimate number of Vested PSUs (as defined on Attachment A) above the foregoing maximum level as described herein. Each PSU also includes a tandem dividend equivalent right (“DER”), which is a right to receive an amount equal to the cash dividends paid with respect to a share of Common Stock during the Performance Period (as defined on Attachment A), as described in Section 5 (with the amount of DERs actually paid correlated to the ultimate number of Vested PSUs as described herein). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan.

Appears in 2 contracts

Samples: Grant Agreement (Atlas Energy Solutions Inc.), Grant Agreement (Atlas Energy Solutions Inc.)

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Performance Share Unit Grant. I am pleased to inform you that you have been granted the above target number of Performance Share Units (the “Target PSUs”) with respect to the common stock, par value $0.01 0.001 per share (the “Common Stock”), of Atlas Energy Solutions Inc.Targa Resources Corp., a Delaware corporation (the “Company”), under the Atlas Energy Solutions Inc. Long Term Targa Resources Corp. 2010 Stock Incentive Plan (the “Plan”), as of the Date of Grant. Each Performance Share Unit awarded hereby (a “PSU”) represents the right to receive one share of Common Stock subject to the terms and conditions of this Performance Share Unit Grant Agreement, including Attachments Attachment A and B hereto (this “Agreement”), and the number of PSUs that may become vested hereunder may range from 0% to 200250% of the Target PSUs, subject to the Committee’s discretion to increase the ultimate number of Vested PSUs (as defined on Attachment A) above the foregoing maximum level as described herein. Each PSU also includes a tandem dividend equivalent right (“DER”), which is a right to receive an amount equal to the cash dividends paid made with respect to a share of Common Stock during the Performance Period (as defined on Attachment A), as described in Section 5 (with the amount of DERs actually paid correlated to the ultimate number of Vested PSUs as described herein). Capitalized The terms used but not defined herein shall have of the meanings set forth in grant are subject to the terms of the Plan and this Agreement, and the PSUs are hereby designated by the Committee to be a Phantom Stock Award that is a Performance Award for purposes of the Plan.

Appears in 2 contracts

Samples: Targa Resources Corp., Targa Resources Corp.

Performance Share Unit Grant. I am pleased to inform you (“you” or the “Employee”), that you have been granted the above target number of Performance Share Units (the “Target PSUs”) with respect to the common stock, par value $0.01 0.001 per share (the “Common Stock”), of Atlas Energy Solutions Inc.Targa Resources Corp., a Delaware corporation (the “Company”), under the Atlas Energy Solutions Inc. Long Term Targa Resources Corp. 2010 Stock Incentive Plan (the “Plan”), as of the Date of Grant. Each Performance Share Unit awarded hereby (a “PSU”) represents the right to receive one share of Common Stock subject to the terms and conditions of this Performance Share Unit Grant Agreement, including Attachments Attachment A and B hereto (this “Agreement”), and the number of PSUs that may become vested hereunder may range from 0% to 200250% of the Target PSUs, subject to the Committee’s discretion to increase the ultimate number of Vested PSUs (as defined on Attachment A) above the foregoing maximum level as described herein. Each PSU also includes a tandem dividend equivalent right (“DER”), which is a right to receive an amount equal to the cash dividends paid made with respect to a share of Common Stock during the Performance Period (as defined on Attachment A), as described in Section 5 (with the amount of DERs actually paid correlated to the ultimate number of Vested PSUs as described herein). Capitalized The terms used but not defined herein shall have of the meanings set forth in grant are subject to the terms of the Plan and this Agreement, and the PSUs are hereby designated by the Committee to be a Phantom Stock Award that is a Performance Award for purposes of the Plan.

Appears in 1 contract

Samples: Performance Share Unit Grant Agreement (Targa Resources Corp.)

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Performance Share Unit Grant. I am pleased to inform you that you have been granted the above target number of Performance Share Units (the “Target PSUs”) with respect to the Class A common stock, par value $0.01 0.001 per share (the “Common Stock”), of Atlas Energy Solutions Solutions, Inc., a Delaware corporation (the “Company”), under the Atlas Energy Solutions Inc. Long Term Incentive Plan (the “Plan”), as of the Date of Grant. Each Performance Share Unit awarded hereby (a “PSU”) represents the right to receive one share of Common Stock subject to the terms and conditions of this Performance Share Unit Grant Agreement, including Attachments Attachment A and B hereto (this “Agreement”), and the number of PSUs that may become vested hereunder may range from 0% to 200% of the Target PSUs, subject to the Committee’s discretion to increase the ultimate number of Vested PSUs (as defined on Attachment A) above the foregoing maximum level as described herein. Each PSU also includes a tandem dividend equivalent right (“DER”), which is a right to receive an amount equal to the cash dividends paid made with respect to a share of Common Stock during the Performance Period (as defined on Attachment A), as described in Section 5 (with the amount of DERs actually paid correlated to the ultimate number of Vested PSUs as described herein). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan.

Appears in 1 contract

Samples: Grant Agreement (Atlas Energy Solutions Inc.)

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