Common use of Value of Performance Awards Clause in Contracts

Value of Performance Awards. The Committee shall determine the number and value of Performance Units or Performance Shares granted to each Participant as a Performance Award. The Committee shall set Performance Criteria in its discretion for each Participant who is granted a Performance Award. The extent to which such Performance Criteria are met will determine the value of the Performance Unit or Performance Share to the Participant.

Appears in 3 contracts

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

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Value of Performance Awards. The Committee shall determine the number and value of Performance Units or Performance Shares granted to each Participant as a Performance Award. The Committee shall set Performance Criteria in its discretion for each Participant who is granted a Performance Award. The extent to which such Performance Criteria are met will determine the value of the Performance Unit or Performance Share to the Participant.

Appears in 2 contracts

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

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