Common use of Performance Stock Award Grant Clause in Contracts

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company hereby grants Employee a performance stock award, such performance stock award shall entitle the Employee to receive _____ shares of the Company's common stock (the "Shares") if the Company achieves _____________ ($_______) in consolidated annual revenue in the fiscal year beginning on July 1, 2006 and ending on June 30, 2007 (the "Performance Objective"), subject to the terms and conditions and restrictions set forth below.

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company hereby grants Employee a performance stock award, such performance stock award shall entitle the Employee to receive ______ shares of the Company's common stock (the "Shares") if the Company achieves ______________ ($___________) in consolidated annual revenue in the fiscal year beginning on July 1, 2006 and ending on June 30, 2007 (the "Performance Objective"), subject to the terms and conditions and restrictions set forth below.

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company hereby grants Employee a performance stock award, such performance stock award shall entitle the Employee to receive ________ shares of the Company's common stock (the "Shares") if the Company achieves __________ ($____ ($__________) in consolidated annual revenue in the fiscal year beginning on July 1, 2006 and ending on June 30, 2007 (the "Performance Objective"), subject to the terms and conditions and restrictions set forth below.

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company hereby grants has granted Employee a performance stock awardaward effective July 28, such 2005. Such performance stock award shall entitle the Employee to receive _____ shares of the Company's common stock (the "Shares") if the Company achieves _____________ Two Hundred Fifty Million ($_______250,000,000) in consolidated annual revenue in the fiscal year beginning on July 1, 2006 2007 and ending on June 30, 2007 2008 (the "Performance Objective"), subject to the terms and conditions and restrictions set forth below.

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company hereby grants has granted Employee a performance stock awardaward effective January 19, such 2006. Such performance stock award shall entitle the Employee to receive ______ shares of the Company's common stock (the "Shares") if the Company achieves _____________ Two Hundred Fifty Million Dollars ($_______250,000,000) in consolidated annual sales revenue in the fiscal year beginning on July 1, 2006 2007 and ending on June 30, 2007 2008 (the "Performance Objective"), subject to the terms and conditions and restrictions set forth below.

Appears in 1 contract

Samples: Performance Stock Award Grant Agreement (Twin Disc Inc)

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