Performance-Based Awards Clause Example from Business Contracts

Performance-Based Awards. The Committee shall determine whether, with respect to a performance period, the applicable Performance Goals have been met with respect to a given Participant and, if they have, to so certify and ascertain the amount of the applicable Performance-Based AWARD. No Performance-Based Awards will be issued for such performance period until such certification is made by the Committee. The number of Shares issued in respect of a Performance-Based Award determined by the Committee for a performance per...iod shall be paid to the Participant at such time as determined by the Committee in its sole discretion after the end of such performance period. View More