Examples of Performance Share Amount in a sentence
Except as otherwise provided in this Section 6, the CoC Earned Performance Share Amount shall be paid in a cash lump-sum during, and no later than March 15 of, the calendar year that immediately follows the last day of the Performance Cycle.
The Participant's Annual Performance Share Amount shall be credited to his or her Performance Share Account no later than the close of business on the first business day after the day on which the Participant would have become vested in the Performance Shares to which such amount relates but for the election to defer.
For any grant of Performance Shares, a Participant may elect to defer up to 100% of his or her Performance Share Amount.
Subject to any terms and conditions imposed by the Committee, the Annual Performance Share Amount shall include the value of the amount of performance shares the payment of which has been unilaterally deferred by the Employer, by action of the Committee, to increase the probability that such payment would be fully deductible for federal or state income tax purposes if such payment were made, but for such deferral.
Notwithstanding the foregoing, a Participant’s election to defer restricted stock which was made on or prior to December 31, 2004 under the terms of the Prior Plan Statement with respect to restricted stock which vests on or after January 1, 2005 shall be treated as an Annual Performance Share Amount under this Plan restatement.
Upon the occurrence of a Change of Control, the Target Performance Share Amount shall immediately vest and be paid to Participants as a Performance Award within 30 days of the date on which the Change of Control occurs.
The Committee has determined the Target Performance Share Amount of the Performance Award for each Participant in the following amounts:Larry T.
At the end of the Long-Term Performance Period, the Relative Performance Multiplier will be calculated in accordance with Section 5(a) and (b) and multiplied by each half of the Participant’s Target Performance Share Amount in order to determine the Participant’s earned and payable Performance Award which vests and is payable to a Participant in the form of actual shares of Common Stock equal to the Performance Shares earned by a Participant.
The Committee has determined the Target Performance Share Amount of the Performance Award for each Participant in the following amounts: Larry T.
In the event that the Participant’s employment with the Company and/or its subsidiaries is terminated on or prior to the Vesting Date by the Company or such applicable subsidiary for Cause, or by the Participant without Good Reason (as defined in subsection (c) below), this Award shall terminate and all of the Participant’s rights to receive any of the Performance Share Amount in respect of the Award shall be forfeited immediately as of the date of such termination.