What is a performance unit plan?
A Performance Unit Plan (PUP) allows the sponsoring company to select two or more financial metrics to be used to value units that are awarded to employees. The units will be converted to cash payments at a future time (commonly three or four years).
How do performance units work?
A performance award is a grant of company shares or units in which the recipient’s rights in the shares or units are contingent on the achievement of pre-established performance goals, and restricted until the end of a set performance period.
What is the usual time frame for a performance unit plan?
Unless otherwise specified by the Plan Administrator, the Performance Period shall be thirty-six months from the Commencement Date.
What are performance incentive units?
Performance units are performance-contingent pay denominated in dollars and earned over a performance period if certain performance goals are attained.
What are performance shares?
Performance shares, as a form of stock compensation, are allocations of company stock given to managers and executives granted only if certain company-wide performance criteria are met, such as earnings per share (EPS) targets.
What are performance share plans?
A Performance Share Plan (PSP) is the term often used for arrangements that give executive directors and senior employees an opportunity to acquire free shares at a future date dependent on the satisfaction of performance criteria.
What is the difference between RSU and DSU?
DSU Plan means the deferred share unit plan of the Company; RSU Plan means the restricted share unit plan of the Company; RSU means a contractual right granted pursuant to Section 8 that is denominated in Shares.
What are P shares?
When used as the fifth letter in a ticker symbol, the letter P indicates that a security is a first-preferred stock issue. Preferred shares are equity shares that behave slightly like fixed income in that they grant higher priority than common shareholders and pay regular dividends higher than on common shares.
What are performance vested options?
Performance-Vested Options These options are tied to specific individual, group, or corporate goals. Like price-vested options, they vest upon the attainment of an objective, except that some other measurement than stock price provides the trigger, such as revenues, profits, or return on investment.
What are the three stages of performance management?
While comprehensive as a process, performance management can be broken down into three distinct stages: coaching, corrective action, and termination.