PSU Shares definition

PSU Shares means the Shares that a PSU Holder may receive pursuant to a particular Award
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PSU Shares. The aggregate number of shares of Common Stock as stated on the Acceptance Page. Target Opportunity 100% of the Target PSU Shares Performance Period (the “Performance Period”) A three-year period beginning on January 1, 2022 and ending on December 31, 2024. The Number of Shares of Common Stock Subject to PSUs Granted Hereunder (the “PSU Shares”): 200% of the Target PSU Shares. The Effective Date of the Award (the “Award Date”): A date in 2022 as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. The Date the PSU Shares Vest (the “Vesting Date”): A date subsequent to the Performance Period as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. Vesting Period (the “Vesting Period”): A period beginning on the Award Date, and ending on the Vesting Date; provided, however, that if the Vesting Date falls on a weekend or federal holiday, such period shall end on the immediately following business day.1 Specific Performance Goals (the “Specific Performance Goals”): The Specific Performance Goals are set forth on Exhibit A. This PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made as of the Award Date stated on the Acceptance Page by and between Xxxxxxx Manufacturing Co., Inc., a Delaware corporation (the “Company”), and the Recipient named on the Acceptance Page, with reference to the following facts: Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated Xxxxxxx Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended and/or restated from time to time, the “Plan”). The Board has delegated to the Committee all authority to administer the Plan. The Committee has determined to grant to the Recipient, under the Plan, performance-based Restricted Stock Units (the “PSUs”) with respect to the PSU Shares stated on the Acceptance Page. 1 For example, if the Award Date is determined by the Committee to be January 20, 2022 and the Vesting Date is determined by the Committee to be February 15, 2025, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 15, 2025 and the Vesting Period will be from January 20, 2022 to February 15, 2025.
Sample 1
PSU Shares. The aggregate number of shares of Common Stock as stated on the Acceptance Page. Target Opportunity 100% of the Target PSU Shares Performance Period Each fiscal year in the Measurement Period is a separate Performance Period. The Number of Shares of Common Stock Subject to PSUs Granted Hereunder PSU Shares 200% of the Target PSU Shares. The Effective Date of the Award Award Date A date in 2024 as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. Measurement Period (the Measurement Period A three-year period beginning on January 1, 2024, and ending on December 31, 2026. The Date the PSU Shares Vest Vesting Date A date subsequent to the Performance Period as determined by the Committee in its absolute discretion and as set forth on the Acceptance Page. Vesting Period Vesting Period A period beginning on the Award Date, and ending on the Vesting Date; provided, however, that if the Vesting Date falls on a weekend or federal holiday, such period shall end on the immediately following business day.1 Specific Performance Goals Specific Performance Goals The Specific Performance Goals are set forth on Exhibit A. This PERFORMANCE-BASED RESTRICTED STOCK UNIT Agreement as of the Award Date stated on the Acceptance Page by and between Xxxxxxx Manufacturing Co., Inc., a Delaware Company facts: Capitalized terms used and not otherwise defined in this Agreement have the meanings ascribed to such terms in the amended and restated Xxxxxxx Manufacturing Co., Inc. 2011 Incentive Plan effective on April 21, 2015 (as amended and/or restated from Plan 1 For example, if the Award Date is determined by the Committee to be January 19, 2024 and the Vesting Date is determined by the Committee to be February 17, 2027, then the PSU Shares, if any (based on the Specific Performance Goals), will vest on February 17, 2027 and the Vesting Period will be from January 19, 2024 to February 17, 2027. Exhibit 10.12
Sample 1

Examples of PSU Shares in a sentence

  • The injection of hydrogen into natural gas has been shown to lower the higher heating value (HHV), lower heating value (LHV) and Wobbe Index (WI) of the resultant gas mixture [62], which reduces the thermal energy supplied to end-consumers.

  • Local authorities will be encouraged to monitor the effectiveness of these Regulations.

  • The PSU Shares issued hereunder may be legended to reflect such restrictions.

  • No PSU Shares shall be issued or Dividend Equivalents distributed upon vesting of a PSU granted hereunder unless and until the Company is satisfied, in its sole discretion, that there has been compliance with all legal requirements applicable to the issuance of such PSU Shares and/or distribution of such Dividend Equivalents.

  • In addition, the Company may require that prior to the issuance or transfer of PSU Shares, the Grantee enter into a written agreement to comply with any restrictions on subsequent disposition that the Company deems necessary or advisable under any applicable federal and state securities laws.

  • Upon vesting (or partial vesting) of the PSUs granted hereunder, the Grantee shall make such representations and furnish such information as may, in the opinion of counsel for the Company, be appropriate to permit the Company to issue or transfer the PSU Shares in compliance with the provisions of applicable federal or state securities laws.

  • The Company, in its discretion, may postpone the issuance and delivery of PSU Shares until completion of such registration or other qualification of such shares under any federal or state laws, or stock exchange listing, as the Company may consider appropriate.

  • Participant agrees not to sell any PSU Shares at a time when Applicable Laws, Company policies or an agreement between the Company and its underwriters prohibit a sale.

  • Thereafter, the Corporation will transfer such PSU Shares to the Award Holder upon the Committee’s written certification as set forth in Section 3 and the satisfaction of any required tax withholding obligations, securities law registration or other requirements, and applicable stock exchange listing.

  • Any Shares held in the Trust Fund relating to PSU which have expired, which have been cancelled, which have not vested or which have not been delivered in accordance with section 4.10 as a result of failure to meet the stipulated performance objectives or otherwise shall be dealt with by the Trustee, as the Corporation may direct, to satisfy obligations to deliver PSU Shares and/or to pay the Cash Equivalent to other Eligible Participants or otherwise in accordance with the Trust Agreement.

Related to PSU Shares

  • RSU Shares means shares of Common Stock that underlie an RSU.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Vested Shares means "Vested Shares" as defined in the Award Agreement.

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Bonus Shares means Shares that are awarded to a Grantee without cost and without restrictions in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise) or as an incentive to become an employee of the Company or a Subsidiary.

  • Settlement Shares With respect to any Settlement Date, a number of Shares, not to exceed the Base Amount, designated as such by Party B in the related Settlement Notice or by Party A pursuant to “Termination Settlement” below; provided that on the Maturity Date the number of Settlement Shares shall be equal to the Base Amount on such date.

  • Restricted Share Award means an award of Restricted Shares.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Common Shares means the common shares in the capital of the Company;

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Company Restricted Shares means shares of Company Common Stock granted under a Company Equity Plan, or issued upon “early exercise” of an option granted under a Company Equity Plan, that remain subject to one or more unsatisfied vesting or vesting-equivalent forfeiture or repurchase conditions.

  • Shares means the interests of Shareholders corresponding to the redeemable securities of record issued by the Fund under the Investment Company Act of 1940 that are held by the Intermediary.

  • Stock Election Shares shall have the meaning set forth in Section 3.2.1.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Article 7.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

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

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.