Settlement of LTIP Awards. Subject to Section 3 hereof, the percentage (if any) of your Target Amount that is payable with respect to the Performance Cycle shall be paid by Piedmont in the calendar year after the end of such Performance Cycle. Payments hereunder shall be made in shares of Stock, cash, or a combination thereof, in accordance with the LTIP, as determined by the Committee in its sole discretion. You will have no rights as a stockholder with respect to any shares under this LTIP until awarded and paid.
Appears in 3 contracts
Samples: Award Agreement (Piedmont Office Realty Trust, Inc.), Award Agreement (Piedmont Office Realty Trust, Inc.), Award Agreement (Piedmont Office Realty Trust, Inc.)
Settlement of LTIP Awards. Subject to Section 3 4 hereof, the percentage (if any) of your Target Amount that is payable with respect to the Performance Cycle shall be paid by Piedmont in the calendar year after the end of such Performance Cycle. Payments hereunder shall be made in shares of Stock, cash, or a combination thereof, in accordance with the LTIP, as determined by the Committee in its sole discretion. You will have no rights as a stockholder with respect to any shares of Stock under this LTIP Award unless and until shares are awarded and paidpaid to you.
Appears in 1 contract
Samples: Award Agreement (Piedmont Office Realty Trust, Inc.)
Settlement of LTIP Awards. Subject to Section 3 4 hereof, the percentage (if any) of your Target Amount that is payable with respect to the an Interim Performance Cycle Period shall be paid by Piedmont in the calendar year after the end of such Interim Performance CyclePeriod. Payments hereunder shall be made in shares of Stock, cash, or a combination thereof, in accordance with the LTIP, as determined by the Committee in its sole discretion. You will have no rights as a stockholder with respect to any shares under this LTIP until awarded and paid.
Appears in 1 contract
Settlement of LTIP Awards. Subject to Section 3 4 hereof, the percentage (if any) of your Target Amount that is payable with respect to the Performance Cycle shall be paid by Piedmont in the calendar year after the end of such Performance Cycle. Payments hereunder shall be made in shares of Stock, cash, or a combination thereof, in accordance with the LTIP, as determined by the Committee in its sole discretion. You will have no rights as a stockholder with respect to any shares of Stock under this LTIP Award unless and until shares of Stock are awarded and paidpaid to you.
Appears in 1 contract
Samples: Award Agreement (Piedmont Office Realty Trust, Inc.)
