Common use of Settlement of Performance Awards Clause in Contracts

Settlement of Performance Awards. After a Performance Period has ended, the holder of a Performance Unit or Performance Share shall be entitled to receive the value thereof based on the satisfaction of the requirements established by the Committee and set forth in the Award Agreement.

Appears in 3 contracts

Samples: Vectren Utility Holdings Inc, Vectren Corp, Vectren Utility Holdings Inc

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Settlement of Performance Awards. After a Performance Period has ended, the holder of a Performance Unit or Performance Share shall be entitled to receive the value thereof based on the satisfaction of degree to which the requirements Performance Criteria established by the Committee and set forth in the Award AgreementAgreement have been satisfied.

Appears in 2 contracts

Samples: Delta Natural Gas Co Inc, Delta Natural Gas Co Inc

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