Value of Performance Units and Performance Shares. Each Performance Unit shall have an initial value established by the Administrator on or before the date of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant.
Value of Performance Units and Units/Performance Shares. Each Performance Unit shall have an initial value that is established by the Administrator on or beforeCommittee at the datetime of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the dateGrant Date. The Committee shall, in its sole discretion, set performance goals, as provided for in [Article 12]. The extent to which the performance goals are met will determine the value and/or number of grant.Performance Units/Performance Shares that will be paid out to the Participant.
Section # Value of Performance Units and Performance Units/Shares. Each Performance Unit shall have an initial value that is established by the AdministratorCommittee on or before the date of grant.Grant Date. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant.Grant Date.
Value of Performance Units andUnits/ Performance Shares. Each Performance Unit shall have an initial value that is established by the Administrator on or beforeCompensation Committee at the datetime of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The Compensation Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the value and/or number of Performance Units/ Performance Shares that will be paid out to the Participant. In the case of Performance Units and or Performance Shares intended to constitute Performance-Based Compensation the applicable performance goal(s) for such Awards shall comply with the requirements of [Article 11].
10.2Initial Value of Performance UnitsShares and Performance Shares. Each Performance Unit shall have an initial value establishedUnits. Unless otherwise provided by the Administrator on or before the date of grant. EachCommittee in granting a Performance Award, each Performance Share shall have an initial monetary value equal to the Fair Market Value of a Shareone share of Stock, subject to adjustment as provided in [Section 4.3], on the effective date of grant of the Performance Share, and each Performance Unit shall have an initial monetary value established by the Committee at the time of grant. The final value payable to the Participant in settlement of a Performance Award will depend on the extent to which Performance Goals established by the Committee are attained within the applicable Performance Period established by the Committee.
VALUE OF PERFORMANCE UNITS/SHARES. Each Performance Unit shall have an initial value that is established by the Administrator on or beforeCommittee at the datetime of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the number and/or value of Performance Units/Shares that will be paid out to the Participant. For purposes of this [Article 9], the time period during which the performance goals must be met shall be called a "Performance Period."
Unless otherwise provided by the Administrator on or before the date of grant. EachCommittee in granting a Performance Grant, each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the effective date of grant.grant of the Performance Share, and each Performance Unit shall have an initial value of . The final value payable to the Grantee in settlement of a Performance Grant will depend on the extent to which Performance Goals established by the Committee are attained within the applicable Performance Period established by the Committee.
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