Common use of Performance Units Generally Clause in Contracts

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the achievement of the performance objective outlined in Section 2 hereof (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300% 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 and (ii) except as provided in Section 4(a) or Section 5 hereof, your continued employment with the Company through the end of the Performance Period.

Appears in 5 contracts

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

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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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300250% 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(a) 4 or Section 5 hereof5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 4 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)

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the relative achievement of against the performance objective outlined in Section 2 hereof below (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300200% 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 and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, your continued employment with the Company 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 Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the achievement of the performance objective outlined in Section 2 hereof (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300% 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 and (ii) except as provided in Section 4(a) or Section 5 hereof, your continued employment with the Company 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 Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the relative achievement of against the performance objective outlined in Section 2 hereof below (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300200% 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 and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, your continued employment with the Company or 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 (the “Common Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement of against the performance objective outlined in Section 2 hereof below (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300200% 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 and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, your continued employment with the Company through the end date of the Performance PeriodCommittee’s (as defined below) certification as set forth in Section 2.

Appears in 2 contracts

Samples: Inducement Award Agreement (Forest Oil Corp), 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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300250% 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 1 “Performance Objective Objective”) and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, 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 achievement of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300250% 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 objectives outlined in Section 2 below (the “Performance Objective Objectives”) and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, 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 an unfunded, unsecured right to receive one share of Common common stock, par value $0.01, of the Company (“Stock”), subject to the terms and conditions of this Agreement; provided provided, that, based on the relative achievement of against the performance objective outlined in Section 2 hereof Performance Objective (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 300150% 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 4 hereof (the “Performance Objective Objective”) and (ii) except as provided in Section 4(a) or Section 5 6 hereof, 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 (Montage Resources 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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300250% 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 (iii) except as provided in Section 4(a) 4 or Section 5 hereof5, 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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300___% 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(a) 4 or Section 5 hereof5, 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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300% 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(a) 4 or Section 5 hereof5, 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 Common the Company’s Stock (“Stock”), subject to the terms and conditions of this Agreement; provided that, based on the relative achievement of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300[—]% 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 4 below (the “Performance Objective Objective”) and (ii) except as provided in Section 4(a) or Section 5 hereof6, 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 right to receive one share of Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the relative achievement of against the performance objective outlined in Section 2 hereof below (the "Performance Objective"), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300200% 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 and (ii) except as provided in Section 4(a) 4 or Section 5 hereof5, your continued employment with the Company or an Affiliate through the end date of the Performance PeriodCommittee's certification as set forth in Section 2.

Appears in 1 contract

Samples: Lone Pine 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 of the performance objective outlined in Section 2 hereof against each Performance Objective (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 300250% 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(a) 4 or Section 5 hereof5, your continued employment with the Company or one of its Subsidiaries through the end of the Performance Period.

Appears in 1 contract

Samples: Pioneer Natural Resources Co

Performance Units Generally. Each Performance Unit represents a contractual right to receive one share of Common Stock, subject to the terms and conditions of this Agreement; provided that, based on the achievement of the performance objective outlined in Section 2 hereof (the “Performance Objective”), the number of shares of Common Stock that may be deliverable hereunder in respect of the Performance Units may range from 0% to 300250% 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 and (ii) except as provided in Section 4(a) or Section 5 hereof, your continued employment with the Company through the end of the Performance Period.

Appears in 1 contract

Samples: 2019 Stock Incentive Plan (Concho Resources Inc)

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