PU Award. As of the date of this Agreement, the Company grants to Employee a PU Award representing * a right to receive shares of the Company’s Common Stock in the future, assuming that the Company’s results at the end of the performance period produce 100% of the target performance, subject to the terms and conditions set forth in this Agreement, the Award Notice and the Plan. Each PU Award represents one hypothetical share of Common Stock of the Company at 100% target performance. The PU Award shall be held on the books and records of the Company (or its designee) for the Employee’s PU account but shall not represent an equity interest in the Company until such time as actual shares shall be issued to the Employee. The PU Award shall be earned, vested and paid as set forth in this Agreement.
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Samples: Restricted Stock Unit Agreement (Avery Dennison Corporation), Restricted Stock Unit Agreement (Avery Dennison Corporation)
PU Award. As of the date of this Agreement, the Company grants to Employee a PU Award representing * a right to receive * shares of the Company’s Common Stock in the future, assuming that the Company’s results at the end of the performance period produce 100% of the target performance, subject to the terms and conditions set forth in this Agreement, the Notice of Grant of Award Notice (“Notice”) and the Plan. Each PU Award represents one hypothetical share of Common Stock of the Company at 100% target performance. The PU Award shall be held on the books and records of the Company (or its designee) for the Employee’s PU account account, but shall not represent an equity interest in the Company until such time as actual shares shall be issued to the Employee. The PU Award shall be earned, vested and paid as set forth in this Agreement.
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Samples: Performance Unit Agreement (Avery Dennison Corporation)
PU Award. As of the date of this Agreement, the Company grants to Employee a PU Award representing * a right to receive * shares of the Company’s Common Stock in the future, assuming that the Company’s results at the end of the performance period produce 100% of the target performance, subject to the terms and conditions set forth in this Agreement, the Award Notice and the Plan. Each PU Award represents one hypothetical share of Common Stock of the Company at 100% target performance. The PU Award shall be held on the books and records of the Company (or its designee) for the Employee’s PU account but shall not represent an equity interest in the Company until such time as actual shares shall be issued to the Employee. The PU Award shall be earned, vested and paid as set forth in this Agreement.
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Samples: Performance Unit Agreement (Avery Dennison Corporation)
PU Award. As of the date of this Agreement, the Company grants to Employee a PU Award representing * a right to receive * shares of the Company’s Common Stock in the future, assuming that the Company’s results at the end of the performance period described in Section 2.2 produce 100% of the target performance, subject to the terms and conditions set forth in this Agreement, the Award Notice Agreement and the Plan. Each PU Award represents one hypothetical share of Common Stock of the Company at 100% target performance. The PU Award shall be held on the books and records of the Company (or its designee) for the Employee’s PU account account, but shall not represent an equity interest in the Company until such time as actual shares shall be are issued to the Employee. The PU Award shall be earned, vested and paid as set forth in this AgreementAgreement and shall not earn dividend equivalents.
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PU Award. As of the date of this AgreementGrant Date, the Company grants to Employee Awardee a PU Award representing * a the right to receive [Number of shares of the Company’s Common Stock granted] Shares in the future, assuming that the Company’s results at the end of the performance period described in Section 2.2 produce 100% of the target performance, subject to the terms and conditions set forth in this Agreement, the Award Notice Agreement and the Plan. Each PU Award represents the right to receive one hypothetical share of Common Stock of the Company Share at 100% target performance. The PU Award shall be held on the books and records of the Company (or its designee) for the EmployeeAwardee’s PU account account, but shall not represent an equity interest in the Company until such time as actual shares shall be Shares, if any, are issued to the EmployeeAwardee. The PU Award shall vest and be earned, vested and paid settled in Shares as set forth in this AgreementAgreement and shall not earn Dividend Equivalents.
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