PBA Target Share Award definition

PBA Target Share Award means the number of unrestricted shares of Common Stock set forth on Annex A (which number represents the number of unrestricted shares that can be awarded to the Grantee under this PBA if the Target Level of 100% for each of the Long-Term Performance Measures is achieved);
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PBA Target Share Award means one-half of the Maximum Share Award set forth on Annex A;
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PBA Target Share Award to be awarded is 50% of the Maximum Share Award (as defined on Annex A). Interpolation shall be used, on a ratable basis, to determine the number of unrestricted shares of Common Stock to be awarded when the degree of attainment of the Long-Term Performance Measure is between two percentages in the left hand column above. Computation: “RONCE” shall be computed by dividing the Average Return by the Average Capital Employed and expressed as a percentage: Definitions:
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Examples of PBA Target Share Award in a sentence

  • 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).

  • If a dividend is paid to holders of Common Stock in shares, the Company shall credit the Grantee, on each dividend payment date, Additional Restricted Units equal to the total of the PBA Target Share Award and Additional Restricted Units, if any, subject to this Agreement on such date multiplied by the share dividend paid per share of Common Stock on such date.

  • 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.

  • In the case of cash dividends, the Company shall credit the Grantee, on each dividend payment date, an additional number of PBA Shares (“Additional Restricted Units”) equal to (A) divided by (B), where (A) equals the total of the PBA Target Share Award and Additional Restricted Units, if any, subject to this Agreement on such date multiplied by the dollar amount of the cash dividend paid per share of Common Stock on such date, and (B) equals the Fair Market Value of a share of Common Stock on such date.

  • Level of Attainment of Long-Term Performance Measure Percentage of PBA Target Share Award to be awarded to Grantee 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.

  • Following the completion of the Long-Term Performance Period, the number of Additional Restricted Units shall be adjusted to reflect the attainment of the Long-Term Performance Measures in the same manner as the PBA Target Share Award.

  • The Partnership Committee shall also ensure that the list is always maintained at that level.

  • 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.

  • 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.

Related to PBA Target Share Award

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Restricted Share Award means an award of Restricted Shares.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Company RSU Award means an award of restricted stock units relating to shares of Company Common Stock granted under a Company Equity Incentive Plan (including any dividend equivalent units credited thereon).

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.