Performance Unit Plan Sample Clauses

Performance Unit Plan. Performance shares awarded under the Performance Unit Plan ("Corporation Performance Shares") shall be treated as follows:
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Performance Unit Plan. Executive shall participate in the Performance Unit Plan of the Company set forth in Attachment 3 to this Agreement.
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Performance Unit Plan. EXHIBIT B FORM OF OPINION OF CD&P TO BE DELIVERED PURSUANT TO SECTION 5(D) 1. The Company and Montpelier Re are duly incorporated and validly existing under the laws of Bermuda in good standing (meaning that they have not failed to make any required filing with any Bermuda government authority or to pay any Bermuda government fee or tax which would make them liable to be struck off the register of companies maintained by the Registrar under the Act and thereby cease to exist under the laws of Bermuda). 2. The Company has the necessary corporate power and authority to execute and file the Registration Statement under the Securities Act and to enter into and perform its obligations under the Transaction Agreements and the Securities. Neither the execution and filing under the Securities Act of the Registration Statement by the Company, nor the execution and delivery of the Transaction Agreements and the Securities and the performance by the Company of its obligations thereunder will violate the Company Constitutional Documents nor any applicable law, regulation, order or decree in Bermuda. 3. The Company has taken all corporate action required to authorize its (i) execution, delivery and performance of the Transaction Agreements and the Securities; and (ii) execution and filing of the Registration Statement with the Commission under the Securities Act. The Transaction Agreements have been duly authorized and executed by or on behalf of the Company and constitute the valid and binding obligations of the Company enforceable in accordance with their terms. The Securities have been duly authorized by the Company for issuance as contemplated by the Prospectus. The Registration Statement has been duly executed by or on behalf of the Company. 4. No order, consent, approval, licence, authorisation or validation of or exemption by any government or public body or authority of Bermuda or any sub-division thereof is required (i) to authorize or in connection with the execution and filing of the Registration Statement, or (ii) in connection with the sale of the Securities pursuant to the Agreement, or (iii) in connection with the execution, delivery, performance and enforcement of the Transaction Agreements and the Securities, except such as have been duly obtained in accordance with Bermuda law and which are in full force and effect. 5. The Company and Montpelier Re have the necessary corporate power and authority and all permits, licenses and authorisations required b...
Sample 1
Performance Unit Plan. In full and final settlement of any and all of Executive's rights under the Performance Unit Plan, he shall receive a payment on or before December 31, 2003 in the amount of One Hundred Ninety-One Thousand Eight Hundred ($191,800.00) Dollars.
Sample 1
Performance Unit Plan. Standby Letter of Credit Agreement, among Montpelier Re and Fleet National Bank, dated as of February 26, 2002.
Sample 1

Related to Performance Unit Plan

  • 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 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.

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

  • 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.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • 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.

  • 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.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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.

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