Common use of Units Awarded Clause in Contracts

Units Awarded. Participant is hereby awarded ___ Performance Cash Units, representing Participant’s Target Award, subject in all respects to the terms of this Award Agreement, including Schedule A, and the Plan, as of the Effective Date. Each Performance Cash Unit under this Award Agreement, if earned, represents the right to receive a cash payment equal to $1 on the Vesting Date.

Appears in 4 contracts

Samples: Performance Cash Unit Award Agreement (Rayonier Advanced Materials Inc.), Performance Cash Unit Award Agreement (Rayonier Advanced Materials Inc.), 2023 Performance Cash Unit Award Agreement (Rayonier Advanced Materials Inc.)

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Units Awarded. Participant is hereby awarded ___ «Restricted» Performance Cash Units, representing Participant’s Target Award, subject in all respects to the terms of this Award Agreement, including Schedule A, and the Plan, as of the Effective Date. Each Performance Cash Unit under this Award Agreement, if earned, represents the right to receive a cash payment equal to $1 on the Vesting Date.

Appears in 1 contract

Samples: Performance Cash Unit Award Agreement (Rayonier Advanced Materials Inc.)

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