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Performance-Based Or Contingent Award
An umbrella term that covers a wide range of long-term incentive awards other than traditional time-vested stock options or restricted stock. With stock options or restricted stock/RSUs, the concept involves some aspect, such as vesting, that is conditioned on meeting company or stock performance criteria. The terms can also denote performance units, performance shares, or performance share units. For details on the structure of performance equity awards, see a related FAQ and the section on performance shares.
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