Maximum Share Limit definition
Examples of Maximum Share Limit in a sentence
If, as determined by the Committee, there are not enough Shares available under the Plan's Maximum Share Limit for the Award to be settled in Shares, the Performance Shares may be settled through the payment of cash in which case each Performance Share represents Participant's conditional right to receive a cash payment on the Performance Share's Settlement Date if the applicable vesting requirements or other conditions set forth in this Award Agreement are satisfied.
Notwithstanding anything to the contrary in this Award Agreement, upon the issuance pursuant to Section 3(a) above of the number of Shares equal to the Maximum Share Limit, any remaining Earned RSUs shall be forfeited and canceled immediately without consideration, and no further Shares or cash shall be issuable or payable to the Participant hereunder.