Restricted Performance Shares issued under the Omnibus
and Former Plans offer performance-based incentive awards
and equity-based awards to key employees.
Restricted Stock Units are also equity-based awards with performance requirements
that are granted to middle managers and key employees. The Restricted Performance
Shares and Restricted Stock Unit awards are both subject to restrictions as to continuous
employment except in the case of death, normal retirement or total and permanent
disability. In accordance with ASC Topic 718, Compensation – Stock Compensation,
compensation expense is recognized on a straight-line basis over the employee’s
vesting period or to the employee’s retirement eligible date, if earlier.
Restricted Performance Shares issued under the Omnibus and Former Plans offer
performance-based incentive awards and equity-based awards to key employees.
Restricted Stock Units are also equity-based awards with performance requirements
that are granted to middle managers and key employees. The Restricted Performance
Shares and Restricted Stock Unit awards are both subject to restrictions as to continuous
employment except in the case of death, normal retirement or total and permanent
disability. In accordance with ASC Topic 718, Compensation – Stock Compensation,
compensation expense is recognized on a straight-line basis over the employee’s
vesting period or to the employee’s retirement eligible date, if earlier.