Examples of PBA Target Share Award in a sentence
If a Change in Control occurs anytime during the Long-Term Performance Period and prior to the Grantee’s receiving any award under this PBA, the Grantee shall immediately be awarded the PBA Target Share Award.
Delivery of the PBA Target Share Award shall discharge any obligation to the Grantee under this PBA in its entirety and the Grantee shall not be entitled to any additional award under this PBA.
Notwithstanding any other provision of this Agreement, if a Change in Control occurs any time on or after the start of the Long-Term Performance Period and prior to the Grantee’s receiving any award under this Agreement, then the Grantee shall immediately be awarded the PBA Target Share Award, and any shares of Common Stock underlying any Additional Restricted Units that have been credited to the Grantee pursuant to Section 6(c).
ROIC Long-Term Performance Measure Share Award Schedule Level of Attainment of Long-Term Performance Measure Percentage of PBA Target Share Award to be awarded to Grantee Maximum Level 150% Target Level 75% Threshold Level 37.5% Less than Threshold Xxxxx 0 Xxxxxxxxxxxxx xxxxx xx used, on a ratable basis, to determine the number of PBA Shares to be awarded when the degree of attainment of the ROIC Long-Term Performance Measure is between two levels in the left hand column above.
If a Change in Control occurs anytime during the Long-Term Performance Period and prior to the Grantee’s receiving any payment under this PBA, the Grantee will immediately be awarded the PBA Target Share Award.
ROIC Long-Term Performance Measure Share Award Schedule Level of Attainment of Long-Term Performance Measure (ROIC) Percentage of PBA Target Share Award to be awarded to Grantee Maximum Level 134% Target Level 67% Threshold Level 33.5% Less than Threshold Level 0 Interpolation shall be used, on a ratable basis, to determine the number of PBA Shares to be awarded when the degree of attainment of the ROIC Long-Term Performance Measure is between two levels in the left hand column above.
Notwithstanding any other provision of this Agreement, if a Change in Control occurs any time on or after the start of the Long-Term Performance Period and prior to the Grantee’s receiving any award under this PBA, then the Grantee shall immediately be awarded the PBA Target Share Award.
Payment of the PBA Target Share Award shall discharge any obligation the Company has or may have to the Grantee under this PBA in its entirety and the Grantee shall not be entitled to payment of any additional amounts from the Company under this PBA.