Examples of Share Award in a sentence
Any Shares issuable to you under your Performance Share Award will be issued within 60 days after the Committee’s determination of Relative TSR; provided however, that the Company’s obligation to issue such shares is subject to Section 5 of this Agreement.
The number of Shares issuable under your Performance Share Award (the “Performance Share Number”) will be equal to a percentage of the target number of Shares stated in your Award Notification (the “TSR Target”), as determined below.
Your Performance Share Award is determined by multiplying the Performance Share Number calculated as if you were employed by a member of the Company Group on the last day of the Performance Period multiplied by a fraction, the numerator of which is the number of days during the Performance Period you were employed, and the denominator of which is the number of days in the Performance Period.
If Relative TSR is less than Threshold TSR, your Performance Share Number will be 0 and there will be no Shares issued under your Performance Share Award.
This section applies to you if your Award includes a Performance Share Award.