Annual Performance Share Award definition

Annual Performance Share Award shall be determined as set forth in Section 2(b);
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Examples of Annual Performance Share Award in a sentence

  • Each Annual Performance Share Award shall be subject to the terms and conditions of the Plan and the applicable award agreement, which award agreement shall be substantially in the form attached hereto as Exhibit A.

  • Any rights to an Annual Performance Share Award in respect of a future Performance Period following the Change in Control shall immediately be forfeited without consideration.

  • One-third of the shares in respect of each Annual Performance Share Award shall be vested on the respective LTI Grant Date and one-third of the shares in respect of each Annual Performance Share Award shall vest on June 30 of each of the two subsequent years, in all cases subject to Executive’s continued employment with the Company, except as set forth in the applicable award agreement.

  • The remaining portion of any Annual Performance Share Award and any rights to an Annual Performance Share Award in respect of a Performance Period that has not yet commenced as of the date of such termination of employment shall immediately be forfeited without consideration upon such termination of employment.

  • The Annual Performance Share Award with respect to each Annual Performance Period shall be obtained by multiplying the Annual Target Share Award by the Annual Payout Percentage with respect to such Annual Performance Period.