Define: Performance Unit

What does "Performance Unit" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (AMGEN INC, seen in 1 filing)

Performance Unit means a right granted to a Participant pursuant to the Program to receive Common Stock, the payment of which is contingent upon achieving the Performance Goals.

Source: AMGEN INC 10-Q

Definition 2 (Constellation Energy Corp, seen in 1 filing)

Performance Unit means a right to receive, contingent upon the attainment of specified Performance Measures within a specified Performance Period and the expiration of any applicable Restriction Period, a specified cash amount or, in lieu thereof, shares of Common Stock having a Fair Market Value equal to such cash amount.

Source: Constellation Energy Corp 10-K

Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 2
Keywords:
Performance Unitdefinitioncontract languagelegal termSEC filing

Related Definitions

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Performance Goals

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Performance Objectives

What does 'Performance Objectives' mean in a contract? See 2 real definitions from 2 companies in SEC filings, with direct source links.

Performance Period

What does 'Performance Period' mean in a contract? See 10 real definitions from 14 companies in SEC filings, with direct source links.

Restricted Stock Unit

What does 'Restricted Stock Unit' mean in a contract? See 10 real definitions from 14 companies in SEC filings, with direct source links.

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