Grant of Units Clause Example with 6 Variations from Business Contracts

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), the Park Hotels & Resorts Inc. Executive Long-Term Incentive Program (the "LTIP") and this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). Agreement. The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or ranges from zero to 200% of the Target Award, and shall be determined based on the level of achievement of the performance goals condition set forth on Exhibit A attached hereto (the "Performance Goals"). Condition") over the period commencing on January 4, 2017 and ending on January 3, 2020 (the "Performance Period"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or ranges from zero to 200% of the Target Award, and shall be determined based on the level of achievement of the performance goals condition set forth on Exhibit A attached hereto (the "Performance Goals"). Condition") over the period commencing on January 4, 2017 and ending on January 3, 2020 (the "Performance Period"). The grant of PSUs hereunder is in full satisfaction of the remaining one-half of the initial long-term equity grant to be made to the Participant in the form of performance share units pursuant to the third and fourth sentences of Section 4(c) of the Employment Agreement. The grant of the PSUs hereunder is an off-cycle grant under the Company's Equity Award Granting Policy. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), "Plan") and this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). Agreement. The number of PSUs that the Participant may earn hereunder will either be 0%, range from 0% to 100% or 200% of the Target Award, and shall be determined based on the achievement of the performance goals certain share price hurdles as set forth on Exhibit A attached hereto ("Exhibit A") during the period commencing on the Grant Date and ending on the fourth anniversary of the Grant Date (the "Performance Goals"). Period"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), the Park Hotels & Resorts Inc. Executive Long-Term Incentive Program (the "LTIP"), this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or ranges from zero to 200% of the Target Award, and shall be determined based on the level of achievement of the performance goals condition set forth on Exhibit A attached hereto (the "Performance Goals"). Condition") over the period commencing on January 4, 2017 and ending on January 3, 2020 (the "Performance Period"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). The number of PSUs that the Participant may earn hereunder will either be 0%, range from 0% to 100% or 200% of the Target Award, and shall be determined based on the achievement of the performance goals certain share price hurdles as set forth on Exhibit A attached hereto ("Exhibit A") during the period commencing on the Grant Date and ending on the fourth anniversary of the Grant Date (the "Performance Goals"). Period"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More

Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), "Plan") and this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). Agreement. The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or 200% of the Target Award, and shall be determined based on the achievement of the performance goals set forth on Exhibit A attached hereto (the "Performance Goals"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More