Value of Performance Units, Performance Shares and Cash-Based Awards. Each Performance Unit shall have an initial value that is established by the Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. Each Cash-Based Award shall have a value as shall be determined by the Committee. The Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Units and Performance Shares and Cash-Based Awards that will be paid out to the Participant.
Appears in 4 contracts
Samples: Omnibus Equity and Incentive Compensation Plan (Luther Burbank Corp), Incentive Compensation Plan (Golfsmith International Holdings Inc), Incentive Compensation Plan (Wellpoint Inc)
