Example ContractsClausesEarning and Vesting of Awards
Earning and Vesting of Awards
Earning and Vesting of Awards contract clause examples

Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Award.

The Committee may, on or after the Date of Grant, authorize the payment of dividends or dividend equivalents on awards granted under this Section 9 on a deferred and contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying awards under this Section 9 shall be deferred until and paid contingent upon the earning and vesting of such awards.

Earning and Vesting of Awards. You will earn the Awards granted to you only if the Company achieves certain business targets over a three-year performance period and, except as otherwise provided in [Section 3], you remain employed by the Company or Related Company through the end of the performance period. The performance period begins on the Grant Date and ends on December 31st of the second year following the year of the Grant (the “Performance Period”). Except as otherwise provided herein, all Awards will vest following the end of the Performance Period on March 1st and will be earned within a range from 0% to 150% of target performance, subject to and based upon the Compensation Committee certifying the achievement of the performance measures set forth on Appendix A hereto in accordance with the methodology provided therein. Notwithstanding the foregoing, if the Company’s absolute total shareholder return, as calculated in accordance with the methodology set forth in Appendix A (“TSR”), is negative over the Performance Period, then the maximum level of Awards that may be earned will be 100% of the target number of Awards. All determinations with respect to Awards will be made by the Compensation Committee, including the determination and certification of achievement of the performance measures set forth in Appendix A and the level of Awards earned.

Notwithstanding anything to the contrary contained in this Plan, awards under this Section 9 may provide for the earning or vesting of, or earlier elimination

Earning Performance Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator, in its discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Award.

Subject to the terms of the Plan and this Agreement, the Award shall be deemed vested and earned upon such date or dates, and subject to such conditions, as are described in this Agreement, including but not limited to the terms of [Schedule A] attached hereto. The actual number of Shares, if any, that may be earned pursuant to the Award will be determined by the Administrator following the end of the Performance Period based on attainment of the Performance Metric, as set forth on [Schedule A] attached hereto; provided, however, that (except as otherwise provided in Section 5(b) and Section 6) the Award shall not vest, in whole or in part, and the Participant shall not be entitled to any Shares, unless the Participant remains employed from the Grant Date until each Vesting Date. Without limiting the effect of the foregoing, the Shares subject to the Award may vest in installments over a period of time, if so provided in [Schedule A]. The Participant expressly acknowledges that the Award shall vest only upon such terms and conditions as are provided in this Agreement (including but not limited to [Schedule A]) and otherwise in accordance with the terms of the Plan.

Earning and Vesting of Awards. You will earn the Awards granted to you only if the Company achieves certain business targets over a three-year performance period and, except as otherwise provided in [Section 3], you remain employed by the Company or Related Company through the end of the performance period. The performance period begins on the Grant Date and ends on December 31st of the second year following the year of the Grant (the “Performance Period”). Except as otherwise provided herein, all Awards will vest on March 1st following the end of the Performance Period and will be earned within a range from 0% to 150% of target performance, subject to and based upon the Compensation Committee certifying the achievement of the performance measures set forth on Appendix A hereto in accordance with the methodology provided therein. Notwithstanding the foregoing, if the Company’s absolute total shareholder return, as calculated in accordance with the methodology set forth in Appendix A (“TSR”), is negative over the Performance Period, then the maximum level of Awards that may be earned will be 100% of the target number of Awards. All determinations with respect to Awards will be made by the Compensation Committee, including the determination and certification of achievement of the performance measures set forth in Appendix A and the level of Awards earned.

. [Section 10(e)] of the Plan, regarding the earning and accelerated vesting of Awards after a Triggering Event or during a Protected Period, shall not apply to this Agreement. Instead,

Earning Performance Awards. The Committee, at or as soon as practicable after the Date of Grant, shall prescribe a formula to determine the percentage of the Performance Award to be earned based upon the degree of attainment of the applicable performance targets.

Earning and Vesting of Awards. You will earn the Awards granted to you only if the Company achieves certain business targets over a three-year performance period and, except as otherwise provided in [Section 3], you remain employed by the Company or Related Company through the end of the performance period. The performance period begins on the Grant Date and ends on December 31 of the second year following the year of the Grant (the “Performance Period”). Except as otherwise provided herein, all Awards will vest on the third anniversary of the Grant Date and will be earned within a range from 0% to 150% of target performance, subject to and based upon the Compensation Committee certifying the achievement of the performance measures set forth on Appendix A hereto in accordance with the methodology provided therein. Notwithstanding the foregoing, if the Company’s absolute total shareholder return, as calculated in accordance with the methodology set forth in Appendix A (“TSR”), is negative over the Performance Period, then the maximum level of Awards that may be earned will be 100% of the target number of Awards. All determinations with respect to Awards will be made by the Compensation Committee, including the determination and certification of achievement of the performance measures set forth in Appendix A and the level of Awards earned.

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