Performance Unit definition

Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

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Performance Unit means any grant pursuant to Section 6(h) hereof of a unit valued by reference to a designated amount of property (including cash) other than Shares, which value may be paid to the Participant by delivery of such property as the Committee shall determine, including cash, Shares, other property, or any combination thereof, upon achievement of such performance goals during the Performance Period as the Committee shall establish at the time of such grant or thereafter.

Performance Unit means an Award under Article 9 herein and subject to the terms of this Plan, denominated in units, the value of which at the time it is payable is determined as a function of the extent to which corresponding performance criteria have been achieved.

Examples of Performance Unit in a sentence

Dividend equivalents shall be paid on all Shares paid out upon vesting pursuant to Section 7 of the Performance Unit Agreement.
Each Performance Unit represents the right to receive one Common Share, subject to the terms and conditions set forth in this ‎Agreement and the Plan.‎ The Performance Units shall be credited to a separate account maintained for the Participant on the books and records of the Company (the “Account”).
The forfeiture restrictions on the Performance Units granted under the Agreement will ‎lapse on the date the Participant has satisfied both the Performance Goal and the Service Goal with respect to a Performance Unit, each as described below.
If a Change of Control shall occur prior to an applicable vesting date for any Performance Unit, such Performance Unit shall vest and pay out upon such Change in Control without regard to any Replacement Award provision included in the Performance Award Agreement relating to such Performance Unit.
No Performance Unit will vest as a result of a Disability prior to a scheduled vesting date, and in the case of a Disability, such Performance Units will continue to vest as scheduled subject to the terms and conditions of the Performance Units and as provided above.

More Definitions of Performance Unit

Performance Unit means an Award granted to a Participant, as described in Article 9 herein.

Performance Unit means a right granted to a Participant pursuant to Section 10 to receive a payment equal to the value of a Performance Unit, as determined by the Committee, based upon attainment of applicable Performance Goal(s).

Performance Unit means a bookkeeping entry awarded pursuant to Section 8 of this Plan that records a unit equivalent to $1.00 or such other value as is determined by the Committee.

Performance Unit means a bookkeeping entry that records a unit equivalent to $1.00 awarded pursuant to Section 8 of this Plan.

Performance Unit means a bookkeeping entry representing a right granted to a Participant pursuant to Section 9 of the Plan to receive a payment equal to the value of a Performance Unit, as determined by the Committee, based upon performance.

Performance Unit means an Award granted to a Participant pursuant to Section 8.

Performance Unit means a performance unit granted under Section 5(f).