Common use of Performance Units Generally Clause in Contracts

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 5 contracts

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co), Performance Unit Award Agreement (Pioneer Natural Resources Co), Performance Unit Award Agreement (Pioneer Natural Resources Co)

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Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each of the performance objective outlined in Section 2 hereof (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250300% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 4(a) or Section 55 hereof, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 5 contracts

Samples: Performance Unit Award Agreement, Performance Unit Award Agreement (Concho Resources Inc), Performance Unit Award Agreement (Concho Resources Inc)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each the performance objective outlined in Section 2 below (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250200% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end date of the Performance PeriodCommittee’s certification as set forth in Section 2.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Forest Oil Corp), Performance Unit Award Agreement (Forest Oil Corp), Performance Unit Award Agreement (Forest Oil Corp)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each of the performance objective outlined in Section 2 hereof (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250300% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 4(a) or Section 55 hereof, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Vesting Period.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Concho Resources Inc), Performance Unit Award Agreement (Concho Resources Inc)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each the performance objective outlined in Section 2 below (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250200% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end date of the Performance PeriodCommittee’s (as defined below) certification as set forth in Section 2.

Appears in 2 contracts

Samples: Performance Unit Inducement Award Agreement (Forest Oil Corp), Performance Unit Inducement Award Agreement (Forest Oil Corp)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each the performance objective outlined in Section 2 below (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250200% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries an Affiliate through the end date of the Performance PeriodCommittee’s certification as set forth in Section 2.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Lone Pine Resources Inc.), Performance Unit Award Agreement (Forest Oil Corp)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock Stock (the Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0[—]% to 250[—]% of the number of Performance Units stated in the preamble to Section 1 of this Agreement (such stated the number of Performance Units hereafter called stated in Section 1 of this Agreement, the “Initial Performance Units”). Your Employee’s right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 4 below (the “Performance Objective”) and (ii) except as provided in Section 4 or Section 56, your Employee’s continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Eclipse Resources Corp)

Performance Units Generally. Each Performance Unit represents a contractual an unfunded, unsecured right to receive one share of common stock, par value $0.01, of the Company’s common stock Company (the Common Stock”), subject to the terms and conditions of this Agreement; provided provided, that, based on the relative achievement against each the Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250150% of the number of Performance Units stated in the preamble to this Agreement Section 1 hereof (as such stated number of Performance Units hereafter called the “Initial Performance Units”may be adjusted in accordance with Section 10 hereof). Your Employee’s right to receive Common Stock in respect of the Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below 4 hereof (the “Performance Objective”) and (ii) except as provided in Section 4 or Section 56 hereof, your Employee’s continued employment with the Company or one of its Subsidiaries subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Montage Resources Corp)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s 's common stock (the "Common Stock"), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the "Initial Performance Units"). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the "Performance Objective") and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0__% to 250___% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co)

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Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) and (iii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each of the performance objective outlined in Section 2 hereof (the “Performance Objective (as defined belowObjective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 4(a) or Section 55 hereof, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Concho Resources Inc)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each Performance Objective (as defined below), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the “Initial Performance Units”). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective objectives outlined in Section 2 below (the “Performance ObjectiveObjectives”) and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pioneer Natural Resources Co)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of the Company’s common stock (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement against each the performance objective outlined in Section 2 below (the "Performance Objective (as defined belowObjective"), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 250200% of the number of Performance Units stated in the preamble to this Agreement (such stated number of Performance Units hereafter called the "Initial Performance Units"). Your right to receive Common Stock in respect of Performance Units is generally contingent, in whole or in part, upon (i) the achievement of the performance objective outlined in Section 2 below (the “Performance Objective”) Objective and (ii) except as provided in Section 4 or Section 5, your continued employment with the Company or one of its Subsidiaries an Affiliate through the end date of the Performance PeriodCommittee's certification as set forth in Section 2.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Lone Pine Resources Inc.)

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