Award Contract Clauses (839)

Award. (a) The Award is earned over a performance period beginning ______ and ending ___________ (the "Performance Period"). Under the Award, the number of shares that may be earned at target performance for the Performance Period is ("Target Award"), and the maximum number of shares that may be earned for the Performance Period is 300% of the Target Award. At the end of the Performance Period, the Committee (as that term is defined in Section 2(f) of the Plan) will determine the number of PSAs earned...ard as set forth in Section 2 (these earned PSAs are the "Earned PSAs"). (b) The PSAs represent the Company's unfunded and unsecured promise to issue Common Shares at a future date, subject to the terms of this Award Agreement and the Plan. Awardee has no rights under the PSAs other than the rights of a general unsecured creditor of the Company. View More

Award. (a)Award Types. The Plan permits the grant of Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, and Other Stock-Based Awards. (b)Award Agreements. Awards shall be evidenced by Award Agreements (which need not be identical) in such forms as the Administrator may from time to time approve; provided, however, that in the event of any conflict between the provisions of the Plan and any such Award Agreements, the provisions of the Plan shall prevail. (c)Date of Grant.... The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such later date as is determined by the Administrator, consistent with Applicable Laws. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 5 4.Shares Available for Awards. (a)Basic Limitation. Subject to the provisions of Section 14 of the Plan, the maximum aggregate number of Shares that may be issued under the Plan is 7,500,000 (the "Plan Share Limit"). The Shares subject to the Plan may be authorized, but unissued, or reacquired shares. (b)Awards Not Settled in Shares Delivered to Participant. Upon payment in Shares pursuant to the exercise or settlement of an Award, the number of Shares available for issuance under the Plan shall be reduced by the number of Shares actually issued in such payment, along with any Shares that are tendered by a Participant or withheld by the Company (i) as full or partial payment for any exercise price (or purchase price, if applicable) or (ii) to satisfy any tax withholding obligations. (c)Cash-Settled Awards. Shares shall not be deemed to have been issued pursuant to the Plan with respect to any portion of an Award that is settled in cash. (d)Lapsed Awards. If any outstanding Award expires or is terminated or canceled without having been exercised or settled in full, or if the Shares acquired pursuant to an Award subject to forfeiture or repurchase are forfeited or repurchased by the Company, the Shares allocable to the terminated portion of such Award or such forfeited or repurchased Shares shall again be available for grant under the Plan. (e)Code Section 422 Limitations. No more than 7,500,000 Shares (subject to adjustment pursuant to Section 14) may be issued under the Plan upon the exercise of Incentive Stock Options. (f)Share Reserve. The Company, during the term of the Plan, shall at all times keep available such number of Shares authorized for issuance as will be sufficient to satisfy the requirements of the Plan. View More

Award. You have been selected to receive, subject to the terms and conditions of this Agreement and the 2017 Plan, a grant of performance Restricted Stock Units (the "PSU Award") as specified below. Participant Name: Justin M. Hall Date of Grant: May 4, 2021 Number of Performance Restricted Stock Units Granted: 500,000 (the "PSUs") Performance Period: January 1, 2021 – December 31, 2023 Purchase Price: None This PSU Award represents the right to receive the Shares after the end of the Performance Perio...d only if and when, and with respect to the number of PSUs to which, the PSU Award has vested (the "Vested PSUs") on the basis of one (1) Share multiplied by the number of Vested PSUs earned (as determined by the Committee as provided in Section 3 below). View More

Award. The Company hereby awards the Awardee the number of Restricted Stock Units (each an "RSU" and collectively the "RSUs") set forth in Exhibit A. Such RSUs shall be subject to the terms and conditions set forth in this Agreement and the provisions of the Plan, the terms of which are incorporated herein by reference. Capitalized terms used but not otherwise defined herein shall have the meanings as set forth in the Plan.

Award. The Company hereby grants the Recipient Common Shares (the "Restricted Shares"), subject to the terms and conditions of the LTIP and this Agreement (the "Award"). The provisions of the LTIP are incorporated into this Agreement by this reference. The Recipient acknowledges having received a copy of the LTIP, read it, and understood its provisions.

Found in PACCAR Inc. contract

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Award. The Company hereby grants the Recipient Common Shares stock units (the "Restricted Shares"), Stock Units"), subject to the terms and conditions of the LTIP and this Agreement (the "Award"). The provisions of the LTIP are incorporated into this Agreement by this reference. The Recipient acknowledges having received a copy of the LTIP, read it, and understood its provisions. Each Restricted Stock Unit constitutes the right, subject to the satisfaction of the terms and conditions of the Plan and ... to the Recipient of one (1) vested Common Share. View More

Found in PACCAR Inc. contract

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Award. The Employee is hereby awarded [number of performance shares] performance shares (each a "Performance Share") pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan") which shall be allocated as the "Target Amount". The Performance Shares represent the opportunity to receive a number of shares of Common Stock based on the "Payout Multiplier" as defined in Exhibit A. The number of Performance Shares that are converted into "Earned Performance Shares" will be betw...een 0% and 200% of the Target Amount. Each Performance Share that does not become an Earned Performance Share shall be forfeited.The exact number of Performance Shares that shall be converted into Earned Performance Shares and issued to the Employee shall be based upon the achievement by the Company of the performance standards as set forth in Exhibit A hereto over a three-year period beginning on January 1, 2019 (the "Performance Beginning Date") and ending on December 31, 2021 (the "Performance End Date") (the period from the Performance Beginning Date to the Performance End Date is referred to as the "Performance Period"). The determination by the Committee with respect to the achievement of such performance standards shall be made as soon as administratively practicable following the Performance End Date after all necessary Company and peer information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the "Determination Date." After the Determination Date, the Company shall notify the Employee of the number of Earned Performance Shares, if any, and the corresponding number of shares of Common Stock to be issued to the Employee in satisfaction of the award. The shares of Common Stock shall be issued to the Employee on March 15, 2022 (the "Settlement Date"). The performance standards are based on the Company's Total Shareholder Return compared against the Peer Group. The methodology for calculating the number of Earned Performance Shares, including the definitions used therefor, is set forth in Exhibit A hereto.The Employee acknowledges receipt of a copy of the Plan, and agrees that this award of Performance Shares shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. Capitalized terms used in this Agreement and Exhibit "A" hereto that are not defined herein shall have the meanings given to them in the Plan or Exhibit A, as applicable. View More

Award. The Corporation hereby awards to Participant [__________] Restricted Stock Units (the "Restricted Stock Units"). The Restricted Stock Units will be subject to the terms and conditions of the Plan and this Agreement. Each Restricted Stock Unit is a notional amount that represents one unvested share of Stock and entitles Participant, subject to the terms of this Agreement, to receive a share of Stock if and when the Restricted Stock Unit vests.