Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4.
Sixty percent (60%) of the earned Performance-Based LTIP Units shall become vested on ; and
stock and Performance Units to be issued in satisfaction of the earned bonuses will be
Settlement and Payment of Performance Stock Units. Unless otherwise determined by the Committee, any earned Performance Stock Units shall be paid in the form of Shares following the close of the applicable performance period or at such other time as specified in the Award Agreement. Any Shares paid to a Participant under this Section 11.4 may be subject to any restrictions deemed appropriate by the Committee.
the applicable performance goals for the Performance Period have been satisfied, and # the number of Units that have been earned during the Performance Period as determined in accordance [Exhibit 1], which certification shall occur no later than the 10th day of the third calendar month following the end of the Performance Period.
The number of Performance Stock Units earned shall be determined, and shall vest, as of based on the relative level of achievement of the Performance Goals as set forth in [Exhibit A] or earlier, upon an Acceleration Event (as defined in Section 5). The number of Performance Stock Units earned shall be determined by providing equal weight to the Performance Goals (such number of Performance Stock Units, the “Vested Performance Stock Units”). The determination of the Vested Performance Stock Units shall be made by the Compensation Committee of the Board of Directors in its sole discretion as soon as administratively possible after the Company’s audited financial statements are available for the final fiscal year of the Performance Period. Any Performance Stock Units or rights to Performance Stock Units that do not become Vested Performance Stock Units as of , or earlier upon an Acceleration Event, shall be immediately and automatically forfeited to the Company without notice and without consideration.
The number of earned GITBV Units shall be interpolated on a straight-line basis based on achievement of GITBV levels between the performance metrics specified above. No GITBV Units shall be earned if GITBV is less than 10.35%, and the maximum GITBV Units that may be earned shall be capped at 150% of the Target GITBV Amount even if GITBV in excess of 13.65% is achieved.
Time and Form of Payment. Payment of vested Earned Units shall be made as soon as practicable (but not later than 45 days) following the close of the Performance Period; provided, however, that in the event of a Participant’s death, Disability or Retirement that constitutes a “Separation from Service” within the meaning of Code Section 409A during the Performance Period, payment of the vested Earned Units shall be made within ninety (90) days following the end of the Performance Period. Payment shall be in the form of a number of shares of Common Stock equal to the number of Earned Units subject hereto.
Payment of Performance Units. After a Performance Period has ended, the holder of a Performance Unit shall be entitled to receive the value thereof as determined by the extent to which performance goals discussed in Section 11(b) have been met.
Award of Performance Units. Pursuant to the [[Organization A:Organization]] 2015 Long-Term Incentive Plan (the “Plan”) of [[Organization A:Organization]], a Delaware corporation (the “Company”) and its Subsidiaries,
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