Valuation of Performance Units Sample Clauses

Valuation of Performance Units. (a) Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2008 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 2008.
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Valuation of Performance Units. At the end of the Performance Period, if the Threshold Requirement is met or otherwise waived by the Company's Board of Directors, the value of each Performance Unit shall be determined by multiplying the Initial Grant Value by the average of the total weighted Annual Incentive Award Plan ("AIAP") scores for the financial and market share components of the AIAP for each of 2002, 2003 and 2004 (the "Payment Value").
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Valuation of Performance Units. The Performance Units shall have a Unit Value as set forth in Section 4(c) and/or Section 4(f) of the Agreement, as applicable. The value of any Performance Units granted under the Award that vest on any Vesting Date or that vest in accordance with Section 5 of the Agreement and become payable shall be based on one or more percentages (each a “Percentage Multiple”) of the amount of the E-Commerce Division’s positive growth in its annual EBITDA, if any, during the applicable period(s) specified in Sections 2 and 4 of the Agreement. For purposes of this paragraph and Section 4 of the Agreement, the Percentage Multiples and the Total EBITDA Pool shall be determined as follows:
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Valuation of Performance Units. (a) At the end of the Performance Period, if the Threshold Requirement is met or otherwise waived by the Company’s Board of Directors, the value of each Performance Unit (the “Payment Value”) shall be determined by multiplying the Initial Grant Value by 0% to 200% based on the level of achievement of the third year RAI earnings per share target, set forth on Annex I, at the end of the Performance Period. An additional adjustment to the Payment Value will be made up to +/-10% based on the level of RAI’s total shareholder return compared against the total shareholder return of RAI’s Peer Group during the Performance Period, as set forth on Annex I. “RAI’s Peer Group” shall mean the companies comprising Standard & Poor’s Food and Beverage Index as of the date of grant, plus Altria Group, Inc., Carolina Group and UST Inc.
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Valuation of Performance Units. Each Performance Unit shall represent the right to receive an amount in cash based upon the attainment of certain financial goals (“Performance Criteria”) during a specified period of time (the “Performance Period”) under a specified payment formula (the “Payment Formula”), each of which shall be specified in the Certificate. Following the end of the Performance Period, the Committee shall certify the level of attainment of the Performance Criteria and the amount payable under the Payment Formula as a result thereof, provided that the Committee shall have discretion to reduce (but not increase) the amount otherwise payable under the Performance Units (the amount so payable (after the application of such discretion, if any), the “Payment Value”).
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Valuation of Performance Units. For purposes of determining the value of Performance Units under Plan III, the Net Worth shall be deemed to be $301,064,092 at January 1, 1995. Future valuations of the Net Worth after January 1, 1995 will not include the value of the Corporation's interests in Basic Holdings Limited, a Bahamian corporation, The Magazine Press, Inc., a New York corporation, Pet City Holdings PLC, a company incorporated in England and Wales, and United Park City Mines Company, a Delaware corporation, owned by the Corporation as of December 31, 1994. A third party, chosen by SKZ, shall determine the Net Worth of the Corporation and the appreciation in value of certain assets of the SKZ Trust after the third year of Plan III. Unless Net Worth reflects a cumulative increase in the Net Worth after giving effect to the following paragraphs, under which Net Worth must reach a threshold level of Rate of Return on Investment ("ROI") (as hereinafter defined), no awards of Performance Units shall occur during any accrual period during the Plan Term. Such calculation will be made by the Corporation. Any capital contributions made by SKZ to the Corporation and the proceeds received by the Corporation from sales of Stock (as defined below) owned by the Corporation as of December 31, 1994 (after giving effect to contributions to the Rabbi Trust), shall be deducted from the calculation of Net Worth, and any capital distribution (with respect to either) made to SKZ by the Corporation shall be added back to the calculation of Net Worth for purposes of Plan III. The threshold level of ROI shall be equal to the average cost of commercial bank capital or other capital acquired similarly paid by the Corporation for each year during Plan Term. If the Corporation has no commercial bank debt during the Plan Term, the published Prime Rate of Morgxx Xxxranty Bank of New York City, New York will be used for this purpose. In the event of additional capital contributions by SKZ or the Corporation's receipt of proceeds from sales of Stock owned by the Corporation as of December 31, 1994 (after giving effect to contributions to the Rabbi Trust) or distributions to SKZ, the ROI calculation shall be prorated and adjusted to reflect any such additional capital exchange, and the Corporation's cost of capital shall be imputed from the date of such additional capital exchange to the valuation date. The cumulative increase in Net Worth of the Corporation and the resulting Performance Unit values shall be comput...
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Valuation of Performance Units. The value of Vested Performance Units and the number of shares of common stock of the Public Company distributable on account of Vested Performance Units is set forth in this paragraph (d). Upon the closing date of the initial Public Offering, a computation of Total Profits, Total Distributions and Total Performance Unit Value shall be made on a basis as if all of the Company's direct or indirect equity interests in the Public Company (but excluding any such equity interests either sold in the initial Public Offering by Aurora/VDK LLC or distributed by Aurora/VDK LLC in connection with the initial Public Offering in respect of a special distribution by Aurora/VDK LLC of $50,900,000 in the aggregate to the Company and MBW Investors LLC) had been valued at a per share price equal to the Gross IPO Price and as if such value had been distributed by the Company in accordance with Section 8.3 of the Company Agreement. For the purpose hereof, the term "Gross IPO Price" shall mean the price to the public per share at which securities of the Public Company were sold in the initial Public Offering without reduction for underwriter's commissions and other expenses relating to the initial Public Offering.
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Valuation of Performance Units. The value of the Performance Units (“Value”) shall be determined by the Committee as follows:
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Related to Valuation of Performance Units

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Grant of Performance Shares Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein, in the Plan and the Addendum with Additional Country Specific Terms and Conditions attached as Exhibit A, all of which are made part of this Agreement, an award of <shares_awarded> Performance Shares (this “Award”).

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Timing of Payment of Performance When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.

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