Grant of Performance Stock Units. The Company hereby grants to the Employee an Award of Performance Stock Units (such number to be determined as set forth in Section 4(b) based on a target award of Performance Stock Units) on the terms and conditions set forth herein and in the Plan. Each Performance Stock Unit represents the right of the Employee to receive the payment of one Share on the date that payment is made.
Vesting Period: Third anniversary of grant date.
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.
GRANT OF PERFORMANCE UNITS AND PERFORMANCE SHARES. Subject to the terms of the Plan, Performance Units and/or Performance Shares may be granted to Participants in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee.
The number of Performance Share Units or Restricted Share Units to be granted to a Participant on the Grant Date shall be determined by first multiplying # the value of the Performance Share Units or Restricted Share Units granted to such Participant as determined by the Committee in accordance with Section 4.2, which is expressed in U.S. dollars by # the exchange rate as determined in accordance with Section 9.2 and then dividing the product by # the Market Price of the Common Shares on the Grant Date.
A is that aggregate number of Performance Share Units in the Participant's Unit Account on the Payment Date determined by adding: # the Performance Share Units granted pursuant to Sections 4.2 and 4.3 on the Grant Date at the commencement of the relevant Payment Criteria Period; # the Performance Share Units (if any) granted on a discretionary basis pursuant to [Section 4.4] in respect of the relevant Payment Criteria Period; # the Performance Share Units granted as "dividend equivalents" pursuant to [Section 4.10] in respect of the Units described in this paragraph; and # the Performance Share Units (if any) granted in connection with an adjustment or reorganization pursuant to [Section 4.9] in respect of any of the Performance Share Units described in this paragraph;
VALUE OF PERFORMANCE UNITS/SHARES. Each Performance Unit shall have an initial value that is established by the Committee at the time 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."
Grant of Units. Subject in all respects to the Plan and the terms and conditions set forth herein and therein, on the Grant Date you were granted [#] fully vested Units (the “Award”).
Grant of Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby credits to a separate account maintained on the books of the Company (the “Participant Account”), 10,730 Units. On any date, the value of each Unit shall equal the Fair Market Value of one share of the Company’s Class A Common Stock (the “Stock”), as determined in accordance with the Plan.
Notional Investments – Share Units. A notional investment in the form of “Share Units” will be available under the Plan, as follows:
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