Example ContractsClausesperformance stock awardsVariants
Remove:

Performance and Stock Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of each award of Shares, Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units, including but not limited to: # the number of Shares and/or units to which such Award relates; # whether, as a condition for the Participant to realize all or a portion of the benefit provided under the Award, one or more Performance Goals must be achieved during such period as the Administrator specifies; # whether the restrictions imposed on Restricted Stock or Restricted Stock Units shall lapse, and all or a portion of the Performance Goals subject to an Award shall be deemed achieved, upon a Participant’s death, Disability or Retirement; # the length of the vesting and/or performance period and, if different, the date on which payment of the benefit provided under the Award will be made; # with respect to Performance Units, whether to measure the value of each unit in relation to a designated dollar value or the Fair Market Value of one or more Shares;(f) with respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash, in Shares (including Restricted Stock), or a combination thereof; and # whether an Award shall include the right to receive dividends or Dividend Equivalent Units provided, however, that no dividends or Dividend Equivalent Units shall be paid with respect to Performance Shares, Performance Share Units, or any other Award that is subject to Performance Goals until the relevant Performance Goals have been achieved.

Performance and Stock Awards. Subject to the terms and provisions of this Plan, the Administrator will determine allis authorized to make awards of Restricted Stock Units to any Eligible Participant in such amounts and subject to such terms and conditions as may be selected by the Administrator. These restrictions may lapse separately or in combination at such times, under such circumstances, in such instalments, time-based or upon the satisfaction of each award of Shares, Restricted Stock, Restricted Stock Units, Performance Sharesperformance goals or Performance Units, including but not limited to: # the number of Shares and/or units to which such Award relates; # whether, as a condition for the Participant to realize all or a portion of the benefit provided under the Award, one or more Performance Goals must be achieved during such periodotherwise, as the Administrator specifies; # whetherdetermines at the restrictions imposed on Restricted Stock ortime of the grant of the Award. (Refer to Performance Goals, [Section 14.4]). All awards of Restricted Stock Units shall lapse, and all or a portion of the Performance Goals subject to anbe evidenced by Award shall be deemed achieved, upon a Participant’s death, Disability or Retirement; # the length of the vesting and/or performance period and, if different, the date on which payment of the benefit provided under the Award will be made; # with respect to Performance Units, whether to measure the value of each unit in relation to a designated dollar value or the Fair Market Value of one or more Shares;(f) with respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash, in Shares (including Restricted Stock), or a combination thereof; and # whether an Award shall include the right to receive dividends or Dividend Equivalent Units provided, however, that no dividends or Dividend Equivalent Units shall be paid with respect to Performance Shares, Performance Share Units, or any other Award that is subject to Performance Goals until the relevant Performance Goals have been achieved.Agreements.

Performance and Stock Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of each award of Shares, Restricted Stock, Restricted Stock Units, Performance SharesOutstanding performance shares or Performance Units, including but not limited to: # the number of Shares and/orrestricted stock units to which such Award relates; # whether, as a condition for the Participant to realize all or a portion of the benefit provided under the Award,Stock Issuance Program shall automatically terminate, and no shares of Common Stock shall actually be issued in satisfaction of those Awards, if the performance goals or Service requirements established for those Awards are not attained or satisfied. The Plan Administrator, however, shall have the discretionary authority to issue vested shares of Common Stock under one or more Performance Goals must be achieved during such periodoutstanding Awards of performance shares or restricted stock units as to which the Administrator specifies; # whether the restrictions imposed on Restricted Stockdesignated performance goals or Restricted Stock Units shall lapse, and allService requirements have not been attained or a portion of the Performance Goals subject to an Award shall be deemed achieved, upon a Participant’s death, Disability or Retirement;satisfied, but only in connection with # the lengthParticipant’s cessation of Service by reason of death, Permanent Disability, Retirement or Involuntary Termination or # the consummation of a Change in Control transaction. However, no vesting and/orrequirements tied to the attainment of performance period and, if different, the date on which payment of the benefit provided under the Award willgoals may be made; #waived with respect to Performance Units, whetherAwards which were intended, at the time those Awards were made, to measurequalify as performance-based compensation under Code Section 162(m), except in the valueevent of each unitthe Participant’s death or Permanent Disability or as otherwise provided in relation to a designated dollar value or the Fair Market Value[Section II] of one or more Shares;(f) with respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash, in Shares (including Restricted Stock), or a combination thereof; and # whether an Award shall include the right to receive dividends or Dividend Equivalent Units provided, however, that no dividends or Dividend Equivalent Units shall be paid with respect to Performance Shares, Performance Share Units, or any other Award that is subject to Performance Goals until the relevant Performance Goals have been achieved.this Article Three.

Performance and Stock Awards. Subject to the terms and provisions of this Plan, the Administrator will determine allis authorized to make awards of Restricted Stock to any Eligible Participant in such amounts and subject to such terms and conditions as may be selected by the Administrator. The restrictions may lapse separately or in combination at such times, under such circumstances, in such instalments, time-based or upon the satisfaction of each award of Shares, Restricted Stock, Restricted Stock Units, Performance Sharesperformance goals or Performance Units, including but not limited to: # the number of Shares and/or units to which such Award relates; # whether, as a condition for the Participant to realize all or a portion of the benefit provided under the Award, one or more Performance Goals must be achieved during such periodotherwise, as the Administrator specifies; # whetherdetermines at the restrictions imposed ontime of the grant of the Award. (Refer to Performance Goals, [Section 14.4]). All awards of Restricted Stock or Restricted Stock Units shall lapse, and all or a portion of the Performance Goals subject to an Award shall be deemed achieved, upon a Participant’s death, Disability or Retirement; # the length of the vesting and/or performance period and, if different, the date on which payment of the benefit provided under theevidenced by Award will be made; # with respect to Performance Units, whether to measure the value of each unit in relation to a designated dollar value or the Fair Market Value of one or more Shares;(f) with respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash, in Shares (including Restricted Stock), or a combination thereof; and # whether an Award shall include the right to receive dividends or Dividend Equivalent Units provided, however, that no dividends or Dividend Equivalent Units shall be paid with respect to Performance Shares, Performance Share Units, or any other Award that is subject to Performance Goals until the relevant Performance Goals have been achieved.Agreements.

Performance and Stock Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of each award of Shares, Restricted Stock,General. Restricted Stock Units, Performance Shares or Performance Units, including but not limited to: # the number of Shares and/or units to which such Award relates; # whether, as a condition for the Participant to realize all or a portion of the benefit providedRestricted Stock Units may be issued under the Award, onePlan. The Administrator shall determine the Eligible Recipients to whom, and the time or more Performance Goals must be achieved during such period as the Administrator specifies; # whether the restrictions imposed ontimes at which, Restricted Stock or Restricted Stock Units shall lapse,be made. Each Participant who is granted Restricted Stock or Restricted Stock Units shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion, including, among other things, the number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted Stock or Restricted Stock Units; the period of time restrictions, performance goals or other conditions that apply to Transferability, delivery or vesting of such Awards (the “Restricted Period”); and all other conditions applicable to the Restricted Stock and Restricted Stock Units. If the restrictions, performance goals or conditions established by the Administrator are not attained, a portionParticipant shall forfeit his or her Restricted Stock or Restricted Stock Units, in accordance with the terms of the Performance Goals subject to an Award shall be deemed achieved, upon a Participant’s death, Disability or Retirement; # the lengthgrant. The provisions of the vesting and/Restricted Stock or performance period and, if different,Restricted Stock Units need not be the date on which payment of the benefit provided under the Award will be made; #same with respect to Performance Units, whether to measure the value of each unit in relation to a designated dollar value or the Fair Market Value of one or more Shares;(f) with respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash, in Shares (including Restricted Stock), or a combination thereof; and # whether an Award shall include the right to receive dividends or Dividend Equivalent Units provided, however, that no dividends or Dividend Equivalent Units shall be paid with respect to Performance Shares, Performance Share Units, or any other Award that is subject to Performance Goals until the relevant Performance Goals have been achieved.Participant.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

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.