Performance Stock Option definition

Performance Stock Option means an option granted under Section 4.6 of this Plan, the exercise of which is contingent upon the attainment of specified performance objectives.
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Performance Stock Option means an Option which is subject to conditions which render it a Performance Stock Option under applicable law.
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Performance Stock Option. ’ shall mean an option to purchase shares that is granted in the event specified Performance Measures during a specified Performance Period are attained.
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Examples of Performance Stock Option in a sentence

  • Apache Corporation, a Delaware corporation (hereinafter referred to, together with its Affiliated Corporations (as defined in Section 2.1 hereof) as the "Company" except where the context otherwise requires), hereby establishes the Apache Corporation 1996 Performance Stock Option Plan (the "Plan") for certain employees of the Company.

  • Notwithstanding anything to the contrary contained in this Agreement, any termination of Employee's employment by the Company will have no effect on Employee's rights under that certain Stock Option Agreement granted to Employee pursuant to the Company's Employee-Shareholder Performance Stock Option Plan, which agreement was entered into between the Employee and the Company as of the Effective Date.

  • ABM Industries Incorporated hereby establishes the ABM Industries Incorporated 2002 Price-Vested Performance Stock Option Plan (the “Plan”), effective as of December 11, 2001.

  • This Agreement, together with the Performance Stock Option Agreement, the Restricted Stock Agreement, and the Performance Restricted Stock Agreement, set forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersede all prior agreements, promises, covenants, arrangements, communications, representations and warranties, whether oral or written, by any officer, employee or representative of any party hereto in respect of such subject matter.

  • Except for the provisions of subsection (g)(1) below, a statutory fee of nineteen dollars ($19.00) shall be imposed in connection with the filing of a civil complaint seeking recovery of fines and penalties imposed by an ordinance of the City of Pittsburgh or by any ordinance or regulation relating to housing and health administered and enforced by the county health department where the violation occurs within the City of Pittsburgh.

  • With the consent of the holder of a Performance Stock Option, the Committee in its sole discretion may cancel particular PSOs, and regrant to the same Optionee PSOs to purchase the same or a different number of shares of Common Stock.

  • The Company, acting through a Committee (as defined in the Plan) with the consent of the Company's Board of Directors (the "Board") has granted to the Grantee, effective as of the date of this Agreement, an option under the Company's 1997 Performance Stock Option Plan (the "Plan") to purchase shares of Common Stock, on the terms and subject to the conditions set forth in this Agreement and the Plan.

  • By: --------------------------------- Title: ------------------------------ Address: 10390 Xxxxxxx Xxxxxx Xx. Xxx Xxxxx, XX 00000 ------------------------------------ Optionee Address: ------------------------------------ ------------------------------------ The undersigned spouse of Optionee has read and hereby approves the foregoing Performance Stock Option Agreement.

  • Furthermore, Thirty-Four Thousand Four Hundred Fifty (34,450) shares of Class D Common Stock in the aggregate have been reserved for issuance upon the exercise of outstanding stock options granted pursuant to the Argo-Tech Corporation 1991 Performance Stock Option Plan.

  • Options granted under the Performance Stock Option Plan are not exercisable for a period of one year from the date of grant and are for a term of ten years.


More Definitions of Performance Stock Option

Related to Performance Stock Option

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

  • 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.

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

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

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

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • 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.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • 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.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • 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.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 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;

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

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

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

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

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

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

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

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • 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).