Examples of Performance Unit Value in a sentence
The actual Performance Unit Value will be determined based upon Comdisco's Total Shareholder Return over the Performance Period.
At the end of the Performance Period, the Compensation Committee shall value each Performance Unit using the Performance Unit Value Matrix set forth in Exhibit A and the Corporation’s actual results during the Performance Period.
If the performance standard achieved with respect to a particular Performance Objective is between the Threshold Performance Level and the Target Performance Level or between the Target Performance Level and the Maximum Performance Level, the applicable Performance Unit Value for the Performance Objective shall be determined by interpolation.
For levels of actual performance between any two amounts set forth on the Performance Unit Value Matrix, the value of the Performance Units will be calculated by prorating between the values assigned to the specified performance levels, giving equal weighting to each Management Objective.
After receiving a proper notice of exercise of Performance Units, the Company shall cause to be paid to the Optionee, within one month of exercise, an amount equal to the Net Performance Unit Value for each Performance Unit so exercised, less any applicable tax withholdings.
In no event shall the payments (or Discount Value of Stock Options, as applicable) forfeited by the Executive in accordance with Section 3 increase (or decrease) the Bonus Pool or the Performance Unit Value of the Performance Units of any other Plan Participant.
Each Performance Unit shall entitle the Optionee to a cash payment, equal to the Net Performance Unit Value, determined as of the most recent valuation.
Cash Distribution - You may elect to have 100% of the actual Performance Unit Value paid in cash (less applicable taxes).
The value of a Performance Unit will be based on the following schedule: TSR Percentile Performance Unit Value -------------- ---------------------- Less than 50 0 50 $ 500 55 $ 750 60 $1,000 65 $1,300 70 $1,600 75 $1,950 80 $2,300 85 $2,650 90 or more $3,000 Unit values will be interpolated for percentile ranks falling between those listed.
Net Performance Unit Value shall be determined on an annual basis (or at more frequent intervals as the Company may determine from time to time in its sole discretion), and shall be communicated to the Optionee within a reasonable time following the determination of such value.