Target Grant definition

Target Grant means the number of Performance Share Units established for Employee to earn at Target OPMP.
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Target Grant means the number of Performance Shares specified on the first page of this Agreement.
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Target Grant means the number of Performance Share Units established for Employee to earn at Target EBITAMP.
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Examples of Target Grant in a sentence

  • Notwithstanding anything in this Agreement to the contrary, in the event that any adjustment to the Target Grant or an award of Performance Shares or the calculation of an award pursuant to this Agreement would otherwise result in the creation of a fractional share interest, the affected Target Grant or Performance Share award shall be rounded up to the nearest whole share.

  • The Employee has been granted a Target Grant of ______ Performance Share Units under the Plan.

  • Subject to the terms and conditions of this Agreement, the Corporation hereby grants to Grantee a Target Grant of Performance Shares as specified on the first page of this Agreement.

  • The Company hereby awards to the Employee under the Plan as a separate incentive in connection with his or her employment, and not in lieu of any salary or other compensation for his or her services, an award of (Your Target Grant) Performance Units on the date hereof, subject to all of the terms and conditions in this Agreement and the Plan.

  • Subject to the restrictions described in Sections 3, 4 and 5 of this Agreement, the Grantee will receive an award of a specified percentage of his/her Target Grant of Performance Shares as of the last day of the Performance Period if the percentile ranking of the G-P Group's TSR for the Performance Period, when compared to the TSR performance of the other Peer Group Companies for the Performance Period, equals or exceeds the 30th percentile.

  • Subject to the terms and conditions of this Agreement, the Company hereby grants to Grantee the Target Grant of Shares (the “Performance Shares”) as specified above.

  • Notwithstanding anything in this Agreement to the contrary, in the event that any adjustment to the Target Grant of Performance Shares or an award of Shares or the calculation of an award pursuant to this Agreement would otherwise result in the creation of a fractional share interest, the affected award shall be rounded up to the nearest whole share.

  • The Target Grant shall be adjusted pursuant to the Company’s performance against certain criteria (the “Performance Criteria”) as further set out on Exhibit A hereto.

  • Notwithstanding anything herein to the contrary, if a Change of Control occurs during the Performance Period prior to Employee’s death, Disability, Retirement or other termination of employment, the number of Performance Shares in the Target Grant shall not be adjusted at the end of the Performance Period as provided in Section 3(b) and Employee shall instead be deemed to have earned the number of Performance Shares constituting the Target Grant.

  • The following chart specifies the percentage of the Target Grant that will be awarded depending upon the actual TSR percentile rating achieved by G-P Group during the Performance Period: ACHIEVED TSR AWARD AS PERCENTILE PERCENTAGE OF TARGET GRANT Less than 30th 0% 30th 50% 40th 70% 50th 90% 60th 114% 70th 138% 80th 160% 90th 180% 100th 200% The percentage of the Target Grant awarded for achieved TSR percentiles which lie between the data points specified in the chart will be determined by interpolation.


More Definitions of Target Grant

Target Grant means the number of Performance Share Units established for Employee to earn at Target SG&A Percentage.
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Target Grant means the number of Performance Share Units specified on the first page of this Agreement.
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Target Grant means the number of shares of Common Stock associated with the PRU grant as determined by the Committee, assuming a Performance Percentage of .
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Related to Target Grant

  • PSU means Public Sector Undertaking

  • CPSU means Central Public Sector Undertaking

  • 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.

  • 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.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.