Target Performance Share-Based Award Sample Clauses

Target Performance Share-Based Award. Subject to the terms of this Agreement (including, without limitation, Section 4(b) relating to non-Covered Employees) and the Plan, Limoneira hereby grants the Participant the opportunity to earn a percentage of the Participant’s annual base salary in effect on _____________________payable in shares of Limoneira common stock, $0.01 par value per share (“Common Stock”) in accordance with the terms of this Agreement with the Fair Market Value of the Common Stock determined on the Issue Date (as hereafter defined) (the “Target Performance Share-Based Award”).