Performance Shares definition

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.

Performance Shares means Shares issued or transferred to an Eligible Individual under Section 11.

Performance Shares means the right to receive Shares to the extent Performance Goals are achieved.

Examples of Performance Shares in a sentence

• The Performance Shares shall be subject to forfeiture as a result of the Participant’s violation of any obligations contained in any agreement between the Company and the Participant relating to non-competition, non-interference, non-solicitation and confidentiality (the “Employment Obligations”), and shall be subject to being recovered under any compensation recovery policy that may be adopted from time to time by the Company or any of its Affiliates.

• The Committee, in its sole discretion, may satisfy the Participant’s withholding tax obligations by reducing the number of Performance Shares to which the Participant is entitled under the Award.

• Subject to Section 7 below, the Company shall deliver or cause to be delivered to or on the behalf of the Participant the number of vested Performance Shares determined under Section 3 above and Exhibit A – Performance Terms as soon as administratively practicable after becoming vested under Section 3 above, but in no event later than sixty (60) days after such date.

• The Participant shall have the rights of a shareholder with respect to the Performance Shares only to the extent that Performance Shares are issued to the Participant in accordance with the terms and conditions of this Award Agreement and the Plan.

• The Participant shall have no rights as a stockholder of the Company with respect to any Shares covered by this Award unless and until this Award is vested and settled into Performance Shares.

More Definitions of Performance Shares

Performance Shares means a Performance-Based Award representing a right or other interest that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock, made subject to the achievement of performance goals (as provided in Section 14) over a Performance Period of up to ten (10) years.

Performance Shares means the right to receive Shares to the extent Performance Goals are achieved (or other requirements are met).

Performance Shares means a contractual right granted to an Eligible Person under Section 10 hereof representing a notional unit interest equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

Performance Shares means an Award made pursuant to Section 9 which entitles a Holder to receive Shares, their cash equivalent, or a combination thereof based on the achievement of performance targets during a Performance Period.

Performance Shares means a grant of stock or stock Units the issuance, vesting or payment of which is contingent on performance as measured against predetermined objectives over a specified Performance Period.

Performance Shares means Shares that are subject to restrictions based upon the attainment of specified performance objectives granted pursuant to Section 9 below.

Performance Shares means Shares that are subject to restrictions that lapse upon the attainment of specified performance objectives and that are granted pursuant to Section 9 below.