Common use of Value of Performance-Based Awards Clause in Contracts

Value of Performance-Based Awards. Each grant of a Performance-Based Award shall have an initial value or target number of shares of Stock that is established by the Board at the time of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are achieved, shall determine the value and/or number of shares subject to a Performance-Based Award that will be paid out to the Grantee thereof.

Value of Performance-Based Awards. Each grant of a Performance-Based Award shall have an initial cash value or an actual or target number of shares of Stock that is established by the Board at Committee as of the time of grantGrant Date. The Committee shall set performance goals in its discretion which, depending on the extent to which they are achieved, shall determine the value and/or number of shares of Stock subject to a Performance-Based Award that will be paid out to the Grantee thereof.

Value of Performance-Based Awards. Each grant of a Performance-Based Award shall have an initial value or target number of shares of Stock that is established by the Board Committee at the time of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are achieved, shall determine the value and/or number of shares of Stock subject to a Performance-Based Award that will be paid out to the Grantee thereof.

Value of Performance-Based Awards. Each grant of a Performance-Based Award shall have an initial value or target number of shares of Stock that is established by the Board Committee at the time of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are achieved, shall determine the value and/or number of shares subject to a Performance-Based Award that will be paid out to the Grantee thereof.