Performance Award Contract Clauses (470)

Grouped Into 8 Collections of Similar Clauses From Business Contracts

This page contains Performance Award clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Performance Award. 10.1Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify any time period during which any performance objectives or other vesting provisions will be measured ("Performance Period"), and such other terms and conditions as the Administrator determines. Each Performance Award will have an initial value that is determined by the Administrator on or before its date of grant. 10.2Objectives or Vesting Provisions and Other Terms. The Administrator will set a...ny objectives or vesting provisions that, depending on the extent to which any such objectives or vesting provisions are met, will determine the value of the payout for the Performance Awards. The Administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. 10.3Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Award. 10.4Form and Timing of Payment. Payment of earned Performance Awards will be made at the time(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Performance Awards in cash, Shares, or a combination of both. 10.5Cancellation of Performance Awards. On the date set forth in the Award Agreement, all unearned or unvested Performance Awards will be forfeited to the Company, and again will be available for grant under the Plan. View More
Found in Athira Pharma, Inc. contract
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Performance Award. 10.1Award (a) Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify any time period during which any the Performance Period and the material terms of the Award. The Administrator may set performance objectives based upon the achievement of Company-wide, divisional, business unit or individual goals (including, but not limited to, continued employment or service) or any other vesting provisions basis determined by the Administrator. (b) Value of Perform...ance Awards. Each Performance Award's threshold, target, and maximum payout values will be measured ("Performance Period"), and such other terms and conditions as the Administrator determines. Each Performance Award will have an initial value that is determined established by the Administrator on or before its date of grant. 10.2Objectives or Vesting Provisions the Grant Date. (c) Performance Objectives and Other Terms. The Administrator will set any performance objectives or other vesting provisions (that may include continued employment or service). These objectives or vesting provisions that, depending on the extent to which any such objectives or vesting provisions are met, will determine the value of the payout for the Performance Awards. The Administrator may set vesting criteria based upon the achievement (d) Earning of Company-wide, divisional, business unit, or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. 10.3Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, Administrator may reduce or waive any performance objectives or other vesting provisions for such Performance Award. 10.4Form and Timing (e) Payment of Payment. Performance Awards. Payment of earned Performance Awards will be made at the time(s) determined by the Administrator and set forth specified in the Award Agreement. The Administrator, in its sole discretion, may settle Payment with respect to earned Performance Awards in cash, Shares, or a combination of both. 10.5Cancellation of Performance Awards. On the date set forth in the Award Agreement, all unearned or unvested Performance Awards will be forfeited to made in cash, in Shares of equivalent value, or any combination of cash and Shares, with the Company, and again will be available for grant under determination of form of payment made by the Plan. Administrator at the time of payment. View More
Found in Cloudflare, Inc. contract
Performance Award. 10.1Award (a) Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify any time period during which any the Performance Period and the material terms of the Award. The Administrator may set performance objectives based upon the achievement of Company-wide, divisional, business unit or individual goals (including, but not limited to, continued employment or service) or any other vesting provisions basis determined by the Administrator. (b) Value of Perform...ance Awards. Each Performance Award's threshold, target, and maximum payout values will be measured ("Performance Period"), and such other terms and conditions as the Administrator determines. Each Performance Award will have an initial value that is determined established by the Administrator on or before its date of grant. 10.2Objectives or Vesting Provisions the Grant Date. (c) Performance Objectives and Other Terms. The Administrator will set any performance objectives or other vesting provisions (that may include continued employment or service). These objectives or vesting provisions that, depending on the extent to which any such objectives or vesting provisions are met, will determine the value of the payout for the Performance Awards. The Administrator may set vesting criteria based upon the achievement (d) Earning of Company-wide, divisional, business unit, or individual goals (including, but not limited to, continued employment or service), applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. 10.3Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, Administrator may reduce or waive any performance objectives or other vesting provisions for such Performance Award. 10.4Form and Timing (e) Payment of Payment. Performance Awards. Payment of earned Performance Awards will be made at the time(s) determined by the Administrator and set forth specified in the Award Agreement. The Administrator, in its sole discretion, may settle Payment with respect to earned Performance Awards in cash, Shares, or a combination of both. 10.5Cancellation of Performance Awards. On the date set forth in the Award Agreement, all unearned or unvested Performance Awards will be forfeited to made in cash, in Shares of equivalent value, or any combination of cash and Shares, with the Company, and again will be available for grant under determination of form of payment made by the Plan. Administrator at the time of payment. View More
Found in Medallia, Inc. contract
Performance Award. 10.1Award (a) Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify the specify any time period during which any performance objectives or other vesting provisions provisions, if any, will be measured ("Performance Period"), and such other terms and conditions as the Administrator determines. Each Performance Award will have an initial value that is determined by the Administrator on or before its date of grant. 10.2Objectives 16 (b) Objectives or Vest...ing Provisions and Other Terms. The Administrator will set any objectives or vesting provisions that, depending on the extent to which any such the objectives or vesting provisions are met, will determine the value of the payout for the Performance Awards. The Administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or individual goals (including, but not limited to, (that may include continued employment or service), applicable federal or state securities laws, service) or any other basis determined by the Administrator in its sole discretion. 10.3Earning (c) Form and Timing of Payment. Payment of earned Performance Awards will be made at the time(s) specified in the Award Agreement. Payment with respect to earned Performance Awards will be made in cash, in Shares of equivalent value, or any combination of cash and Shares, with the determination of form of payment made by the Administrator at the time of payment or, in the discretion of the Administrator, at the time of grant. (d) Value of Performance Awards. Each Performance Award's threshold, target, and maximum payout values will be established by the Administrator on or before the Grant Date. (e) Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, Administrator may reduce or waive any performance objectives or other vesting provisions for such Performance Award. 10.4Form and Timing of Payment. Payment of earned Performance Awards will be made at the time(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Performance Awards in cash, Shares, or a combination of both. 10.5Cancellation of Performance Awards. On the date set forth in the Award Agreement, all unearned or unvested Performance Awards will be forfeited to the Company, and again will be available for grant under the Plan. View More
Found in Upstart Holdings, Inc. contract
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Performance Award. Each Performance Award granted under the Plan shall be evidenced by an Agreement that (a) provides for the payment of cash or issuance of Shares to a Participant contingent upon the attainment of one or more specified Performance Goals over such period as the Committee may specify, and (b) contains such other terms and conditions as the Committee may specify. If the terms of a Performance Award provide for payment in the form of Shares, for purposes of Section 5.3, the Performance Award shall be... deemed to cover a number of Shares equal to the maximum number of Shares that may be issued upon payment of the Award. The maximum cash amount payable to any Employee pursuant to all Performance Awards granted to an Employee during a calendar year shall not exceed $2,000,000. View More
Found in S&T Bancorp, Inc. contract
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Performance Award. Each Performance Award granted under the this Plan shall be evidenced by an Agreement that (a) provides for the payment of cash or issuance of Shares to a Participant or Awards contingent upon the attainment of one or more specified Performance Goals over such period as the Committee 8 may specify, provided that the minimum performance period with respect to which such Performance Goals are measured shall be one year (pro-rated in the case of a newly hired Employee), except in the event of a Cha...nge of Control, and (b) contains such other terms and conditions as the Committee may specify. If the terms of a Performance Award provide for payment in the form of Shares, for For purposes of Section 5.3, the 5.2, a Performance Award shall be deemed to cover a number of Shares equal to the maximum number of Shares that may be issued upon payment of the Award. The maximum cash amount payable to any Employee pursuant to all Performance Awards granted to an Employee during a calendar year shall not exceed $2,000,000. View More
Found in YRC Worldwide Inc. contract
Performance Award. Each Performance Award granted under the Plan shall be evidenced by an Agreement that (a) provides for the payment of cash or and/or issuance of Shares to a Participant contingent upon the attainment of one or more specified Performance Goals over such period as the Committee may specify, Goals, and (b) contains such other terms and conditions as may be determined by the Committee may specify. If the terms of a Performance Award provide for payment in the form of Shares, for Committee. For purpo...ses of Section 5.3, the 5.1(b) hereof, a Performance Award shall be deemed to cover a number of Shares equal to the maximum number of Shares that may be issued upon payment of the Award. The maximum cash amount payable to any Employee pursuant to all Performance Awards granted to an Employee during a calendar fiscal year shall not exceed $2,000,000. $250,000. View More
Found in Digi Outdoor Media Inc. contract
Performance Award. Each Performance Award granted under the Plan shall be evidenced by an Agreement that (a) provides for the payment of cash or issuance of Shares to a Participant contingent upon the attainment of one or more specified Performance Goals over such period as the Committee may specify, and (b) contains such other terms and conditions as the Committee may specify. If the terms of a Performance Award provide for payment in the form of Shares, for purposes of Section 5.3, the Performance Award shall be... deemed to cover a number of Shares equal to the maximum number of Shares that may be issued upon payment of the Award. The maximum cash amount payable to any Employee pursuant to all Performance Awards granted to an Employee during a calendar year shall not exceed $2,000,000. The Committee may, in its discretion, grant Performance Awards pursuant to which the amount and payment of the Award is determined by reference to a percentage of a bonus or incentive pool that applies to more than one Participant, and the amount of the bonus or incentive pool may, in the discretion of the Committee, be either fixed in amount or determined based upon the achievement of one or more Performance Goals. View More
Found in MAGICJACK VOCALTEC LTD contract
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Performance Award. a. Performance Awards may be granted to participants at any time and from time to time, as shall be determined by the Committee. The Committee shall have complete discretion in determining the number, amount and timing of awards granted to each participant. Such Performance Awards may be in the form of shares of Common Stock or Stock Units. Performance Awards may be awarded as short-term or long-term incentives. Performance targets may be based upon, without limitation, Company-wide, divisional ...and/or individual performance. 7 b. The Committee shall have the authority at any time to make adjustments to performance targets for any outstanding Performance Awards which the Committee deems necessary or desirable unless at the time of establishment of such targets the Committee shall have precluded its authority to make such adjustments. c. Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. The participant may elect to defer, or the Committee may require or permit the deferral of, the receipt of Performance Awards upon such terms as the Committee deems appropriate. View More
Found in Cuentas Inc. contract
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Performance Award. a. (a) "Performance Awards" will consist of Awards for which the Committee has set performance goals at its discretion which, depending on the extent to which they are met, will determine the number of shares of Common Stock and/or cash value of Awards that will be paid out to the Participants. Performance Awards may be granted to participants Participants at any time and from time to time, as shall be determined by the Committee. The Committee shall have complete discretion in determining the n...umber, amount and timing of awards Performance Awards granted to each participant. Such Participant. Performance Awards may take such form as may be in determined by the form Committee, including without limitation, cash, Stock Options, Awards of shares of Common Stock, Awards of Restricted Stock or Restricted Stock Units. Units, Other Stock-Based Awards or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives. (b) Performance targets Awards under the Plan may be made subject to the attainment of one or more of the specified performance goals, as determined by the Committee in its sole discretion. Performance goals may be based upon, without limitation, upon Company-wide, divisional Affiliate, divisional, project team, and/or individual performance. 7 b. The Board or the Committee shall have the authority at any time to make adjustments to performance targets goals for any outstanding Performance Awards which the Board or the Committee deems necessary or desirable unless at the time of establishment of such targets goals the Board or the Committee shall have precluded its authority to make such adjustments. c. (c) Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. Performance Awards shall be payable in cash or in shares Common Stock, or a combination thereof, as determined by the Committee. 6 11. Effect of Termination of Service on Awards; Forfeiture. (a) The participant Committee may elect provide, by rule or regulation or in any Award, or may determine in any individual case, the circumstances in which Awards shall be exercised, vested, paid or forfeited in the event a Participant ceases to defer, be an employee, director or other service provider prior to the end of a performance period, period of restriction or the exercise, vesting or settlement of such Award. Unless otherwise determined by the Committee may require if, with respect to any Award, (1) Participant's termination of employment or permit service, as applicable, occurs before the deferral of, end of the receipt period of Performance restriction or the vesting date applicable to such Award (or the applicable portion of such Award) or (2) any performance goals are not achieved in whole or in part (as determined by the Committee) by the end of the period for measuring such performance goals, then all such then unvested and/or unearned Awards upon such terms shall be forfeited by the Participant. (b) Awards under the Plan shall not be affected by the change of a Participant's status within or among the Company and any subsidiaries or Affiliates, so long as the Committee deems appropriate. Participant remains an employee, officer, director or other service provider. For purposes of the Plan and any Award hereunder, if an entity that the Participant is employed by or otherwise providing services to ceases to be a subsidiary or an Affiliate, a Participant shall be deemed to terminated employment or service, as applicable, on the date of the entity's change in status, unless the Participant continues as an employee or service provider in respect of the Company or another subsidiary or Affiliate (after giving effect to the change in status). View More
Found in Applied Therapeutics Inc. contract
Performance Award. a. (a) Benefits may be granted with performance-vesting terms, including, without limitation, the metrics set forth in Section 11 ("Performance Awards"). Performance Awards may be granted to participants at any time and from time to time, as shall be determined by the Committee. The Committee shall have complete discretion in determining the number, amount and timing of awards granted to each participant. Such participant; provided, that for Performance Awards may subject to Section 409A of the ...Code, these determinations must be in made on or before the form date of shares grant of Common Stock or Stock Units. the Performance Award. Performance Awards may be awarded as short-term or long-term incentives. Performance targets may be based upon, without limitation, upon Company-wide, divisional and/or individual performance. 7 b. performance, or other factors as determined by the Committee. (b) The Committee shall have the authority at any time to make adjustments to performance targets for any outstanding Performance Awards which the Committee deems necessary or desirable unless at the time of establishment of such targets the Committee shall have precluded its authority to make such adjustments. c. adjustments, provided that, for Performance Awards that are subject to Section 409A of the Code, the adjustments are compliant with Section 409A of the Code and the regulations thereunder. (c) Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. The participant may elect to defer, or the Committee may require or permit the deferral of, the receipt of Performance Awards upon such terms as the Committee deems appropriate. appropriate, provided that, for Performance Awards that vest on or after January 1, 2005, any election and deferral is compliant with the requirements of Section 409A of the Code and the regulations thereunder. View More
Found in Estee Lauder Cos. contract
Performance Award. a. (a) "Performance Awards" will consist of Awards for which the Committee has set performance goals at its discretion which, depending on the extent to which they are met, will determine the number of shares of Common Stock and/or cash value of Awards that will be paid out to the Participants. Performance Awards may be granted to participants Participants at any time and from time to time, as shall be determined by the Committee. The Committee shall have complete discretion in determining the n...umber, amount and timing of awards Performance Awards granted to each participant. Such Participant. Performance Awards may take such form as may be in determined by the form Committee, including without limitation, cash, Stock Options, Awards of shares of Common Stock, Awards of Restricted Stock or Restricted Stock Units. Units, Other Stock-Based Awards or any combination thereof. Performance Awards may be awarded as short-term or long-term incentives. (b) Performance targets Awards under the Plan may be made subject to the attainment of one or more of the specified performance goals, as determined by the Committee in its sole discretion. Performance goals may be based upon, without limitation, upon Company-wide, divisional Affiliate, divisional, project team, and/or individual performance. 7 b. The Board or the Committee shall have the authority at any time to make adjustments to performance targets goals for any outstanding Performance Awards which the Board or the Committee deems necessary or desirable unless at the time of establishment of such targets goals the Board or the Committee shall have precluded its authority to make such adjustments. c. (c) Payment of earned Performance Awards shall be made in accordance with terms and conditions prescribed or authorized by the Committee. The participant may elect to defer, or the Committee may require or permit the deferral of, the receipt of Performance Awards upon such terms shall be payable in cash or in shares Common Stock, or a combination thereof, as determined by the Committee deems appropriate. Committee. View More
Found in Trio Petroleum Corp. contract
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Performance Award. 10.1Performance Awards. 10.2Terms of Performance Awards. 10.3Value, Earning and Timing of Performance Shares. 10.4Termination of Participant.
Found in ServiceNow contract
Performance Award. 10.1Performance 10.1 Performance Awards. 10.2Terms 10.2 Terms of Performance Awards. 10.3Value, Earning and Timing of Performance Shares. 10.4Termination 10.4 Termination of Participant.
Found in ServiceNow contract
Performance Award. 10.1Performance Awards. 10.2Terms of Performance Awards. Shares. 10.3Value, Earning and Timing of Performance Shares. 10.4Termination of Participant. Service.
Found in PROOFPOINT INC contract
Performance Award. 10.1Performance 10.1 Performance Awards. 10.2Terms 10.2 Terms of Performance Awards. 10.3Value, Earning and Timing of Performance Shares. 10.4Termination 10.4 Termination of Participant.
Found in Toughbuilt Industries, Inc contract
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Performance Award. The right of a Participant to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance conditions.
Found in Third Coast Bancshares, Inc. contract
Performance Award. The right of a Participant participant to exercise or receive a grant or settlement of any Award, Incentive, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. Committee (such an Incentive is referred to as a "Performance Award"). The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase change t...he amounts payable under any Award Incentive subject to performance conditions. View More
Found in TABLE TRAC INC contract
Performance Award. The right of a Participant participant to exercise or receive a grant or settlement of any Award, Incentive, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. Committee (such an Incentive is referred to as a "Performance Award"). The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase change t...he amounts payable under any Award Incentive subject to performance conditions. View More
Found in FRESH GRAPES, LLC contract
Performance Award. The right of a Participant to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. Plan Administrator. The Committee Plan Administrator may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance cond...itions. View More
Found in KONA GRILL INC contract
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Performance Award. The Company hereby sells, transfers, assigns and delivers to the Holder an aggregate of 147,239 Shares of the Company as of the Date of Grant ("Target Award Restricted Shares") subject to the terms and conditions set forth in this Award, including, without limitation, the Restrictions more specifically set forth in Section 4 below ("Restrictions"), and further subject to Holder's execution of this Award Agreement.
Found in CAPITAL SENIOR LIVING CORP contract
Performance Award. The Company hereby sells, transfers, assigns and delivers to the Holder an aggregate of 147,239 45,000 Shares of the Company as of the Date of Grant ("Target Award Restricted Shares") subject to the terms and conditions set forth in this Award, including, without limitation, the Restrictions more specifically set forth in Section 4 below ("Restrictions"), and further subject to Holder's execution of this Award Agreement.
Found in CAPITAL SENIOR LIVING CORP contract
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Performance Award. Performance awards may be in the form of performance shares valued with reference to a share of Common Stock or performance units valued with reference to an amount of property (including cash) other than shares of Common Stock. Performance awards may also be granted in the form of any other stock-based Award. Performance awards shall entitle a Participant to future payments based upon the attainment of Performance Conditions established in writing by the Committee. Payment shall be made in cash..., shares of Common Stock or any combination thereof, as determined by the Committee. The Award document establishing a performance award may establish that a portion of a Participant's Award will be paid for performance that exceeds the minimum target but falls below the maximum target available to the Award. With respect to Awards of restricted stock intended to qualify as "performance-based compensation" under Section 162(m) of the Code, the Committee shall establish and administer Performance Conditions in the manner described in Section 162(m) and Treasury Regulations promulgated thereunder as an additional condition to the vesting or payment, as applicable, of such performance awards. The Award document shall also provide for the timing of payment. Following the conclusion or acceleration of the period of time designated for attainment of the Performance Conditions, the Committee shall determine the extent to which the Performance Conditions have been attained and shall then cause to be delivered to the Participant (i) a number of shares of Common Stock equal to the number of performance shares or the value of such performance units determined by the Committee to have been earned, and/or (ii) cash equal to the Fair Market Value of such number of performance shares or the value of performance units, as the Committee shall elect or as shall have been stated in the applicable Award document. In no event may performance awards be granted to a single Participant in any calendar year (i) in respect of more than 1,000,000 shares of Common Stock (if the Award is denominated in shares of Common Stock) or (ii) having a maximum payment with a value greater than $15,000,000 (if the Award is denominated in other than shares of Common Stock). 9 11. Other Stock-Based Awards. The Committee may issue unrestricted shares of Common Stock, or other awards denominated in Common Stock (including but not limited to phantom stock and restricted or deferred stock units), to Participants, alone or in tandem with other Awards, in such amounts and subject to such terms and conditions as the Committee shall from time to time in its sole discretion determine. With respect to such Awards intended to qualify as "performance-based compensation" under Section 162(m) of the Code, the Committee shall establish and administer Performance Conditions in the manner described in Section 162(m) and Treasury Regulations promulgated thereunder as an additional condition to the vesting and payment of such Awards in accordance with Section 10. View More
Found in Travelers contract
Performance Award. Performance awards may be in the form of performance shares valued with reference to a share of Common Stock or performance units valued with reference to an amount of property (including cash) other than shares of Common Stock. Performance awards may also be granted in the form of any other stock-based Award. Performance awards shall entitle a Participant to future payments based upon the attainment of Performance Conditions established in writing by the Committee. Payment shall be made in cash..., shares of Common Stock or any combination thereof, as determined by the Committee. The Award document establishing a performance award may establish that a portion of a Participant's Award will be paid for performance that exceeds the minimum target but falls below the maximum target available to the Award. With respect to Awards of restricted stock intended to qualify as "performance-based compensation" under Section 162(m) of the Code, the Committee shall establish and administer Performance Conditions in the manner described in Section 162(m) and Treasury Regulations promulgated thereunder as an additional condition to the vesting or payment, as applicable, of such performance awards. The Award document shall also provide for the timing of payment. Following the conclusion or acceleration of the period of time designated for attainment of the Performance Conditions, the Committee shall determine the extent to which the Performance Conditions have been attained and shall then cause to be delivered to the Participant (i) a number of shares of Common Stock equal to the number of performance shares or the value of such performance units determined by the Committee to have been earned, and/or (ii) cash equal to the Fair Market Value of such number of performance shares or the value of performance units, as the Committee shall elect or as shall have been stated in the applicable Award document. In no event may performance awards be granted to a single Participant in any calendar year (i) in respect of more than 1,000,000 shares of Common Stock (if the Award is denominated in shares of Common Stock) or (ii) having a maximum payment with a value greater than $15,000,000 (if the Award is denominated in other than shares of Common Stock). 9 11. Other Stock-Based Awards. The Committee may issue unrestricted shares of Common Stock, or other awards denominated in Common Stock (including but not limited to phantom stock and restricted or deferred stock units), to Participants, alone or in tandem with other Awards, in such amounts and subject to such terms and conditions as the Committee shall from time to time in its sole discretion determine. With respect to such Awards intended to qualify as "performance-based compensation" under Section 162(m) of the Code, the Committee shall establish and administer Performance Conditions in the manner described in Section 162(m) and Treasury Regulations promulgated thereunder as an additional condition to the vesting and payment of such Awards in accordance with Section 10. View More
Found in Travelers contract
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Performance Award. 10.1Award Agreement. 10.2Objectives or Vesting Provisions and Other Terms. 10.3Earning Performance Awards. 10.5Cancellation of Performance Awards.
Found in Paymentus Holdings, Inc. contract
Performance Award. 10.1Award Agreement. 10.2Objectives or Vesting Provisions and Other Terms. 10.3Earning Performance Awards. 10.4Form and Timing of Payment. 10.5Cancellation of Performance Awards.
Found in Paymentus Holdings, Inc. contract
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