Plan Share Award Clause Samples

Plan Share Award. The Corporation hereby grants to the Recipient a non-transferable Plan Share Award consisting of a total of _________ shares of the Corporation’s common stock, par value $0.01 per share (“Common Stock”), upon the terms and conditions set forth herein.
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Plan Share Award. The Corporation hereby awards the Plan Shares to the Recipient, as of the Award Date written above, subject to the restrictions and other terms and conditions set forth herein and in the Plan. Such Plan Shares shall be held in the custody of the Plan Trustee or its designee and shall be voted by the Trustee in its discretion until they are earned and distributed in accordance with the terms of the Plan.
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Plan Share Award. The Corporation hereby grants to Recipient a Performance Share Award consisting of a total of _______ shares of common stock, $0.01 par value per share (“Common Stock”), subject to increase as provided herein, upon the terms and conditions set forth herein.
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Related to Plan Share Award

  • 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. 

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • 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 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.

  • 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.