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: At Risk Compensation Plan (Vectren Utility Holdings Inc), At Risk Compensation Plan (Vectren Corp), At Risk Compensation Plan (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: Incentive Compensation Plan (Delta Natural Gas Co Inc), Incentive Compensation Plan (Delta Natural Gas Co Inc)

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