Performance Units. Subject to the limitations set forth in [Section 10(c)], the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.
Performance Units.Awards. Subject to the limitations set forth in [Section 10(c)],paragraph # hereof, the Committee may in its discretion grant Performance UnitsAwards to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.
Grant of Performance Units. Subject to the limitations set forth in [Section 10(c)]provisions of [Sections 5 and 6]6], the Committee may in its discretion grant Performance Units may be granted to Participants at any Eligible Persontime and from time to time as shall evidence such grantbe determined by the Committee. The Committee shall have complete discretion in an Award Agreement that is delivereddetermining the number of Performance Units granted to each Participant. Such entitlements of a Participant with respect to his or her outstanding Performance Units shall be reflected by a bookkeeping entry in the Participant which sets forth the terms and conditionsrecords of the Award.Company, unless otherwise provided by the Award Agreement.
The Committee may in its discretion grant Awards of Performance Units, designate the Participants to whom Performance Units are to any Eligible Personbe awarded and shall evidence such grant in an Award Agreement that is delivered todetermine the Participant which sets forthnumber of Performance Units and the terms and conditions of each such Award. Performance Units shall consist of a unit valued by reference to a designated amount of property other than shares of Common Stock, which value may be paid to the Award.Participant by delivery of such property as the Committee shall determine, including, without limitation, cash, shares of Common Stock, other property, or any combination thereof, upon the attainment of performance goals, as established by the Committee, and other terms and conditions specified by the Committee. Notwithstanding the foregoing, the amount to be paid under an Award of Performance Units may be adjusted on the basis of such further consideration as the Committee shall determine in its sole discretion.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.