Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of the Plan, the PSUs relating to any Performance Period will vest and become nonforfeitable on January 1 of the year that immediately follows such Performance Period, subject to (a) the achievement of the applicable Performance Goal for such Performance Period set forth in Exhibit I attached hereto, and (b) the Grantee's Continuous Service from the Grant Date through the such vesting date.

Appears in 4 contracts

Samples: Executive Employment Agreement (iSpecimen Inc.), Executive Employment Agreement (iSpecimen Inc.), Performance Share Unit Agreement (iSpecimen Inc.)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of The PSUs shall vest only if and to the Plan, the PSUs relating to any Performance Period will vest and become nonforfeitable on January 1 of the year that immediately follows such Performance Period, subject to extent (a) the achievement of Committee determines that the applicable Performance Goal Goals have been met for such the Performance Period set forth in Exhibit I attached hereto, above and (b) subject to the Grantee's exceptions set forth in Sections 5 and 6, the Participant has remained in Continuous Service from the Grant Date through the such vesting date.last Exhibit 10.14

Appears in 1 contract

Samples: Performance Share Unit Agreement (Natural Gas Services Group Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of the Planherein, the PSUs relating to any Performance Period will vest and become nonforfeitable non-forfeitable on January 1 of the year that immediately follows such Performance Period_____ __, ____, subject to (ai) the achievement of the applicable Performance Goal for such Performance Period set forth in Exhibit I attached heretoCriteria, (ii) the exercise of the Committee’s discretion to reduce the number of PSUs subject to this Award, and (biii) the Grantee's Continuous Service Service” with the Company from the Grant Date through the such vesting datedate payments are made pursuant to this Agreement, which shall be not later than ____ __, ____.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of the Planherein, the PSUs relating to any Performance Period will vest and become nonforfeitable on January 1 upon completion of the year that immediately follows such Performance PeriodVesting Period (the “Vesting Date”), subject to (a) the achievement of the applicable minimum threshold Performance Goal for such Performance Period payout set forth in Exhibit I attached hereto, and (b) the Grantee's Continuous Service ’s continued employment from the Grant Date through the such vesting dateVesting Date.

Appears in 1 contract

Samples: Unit Agreement (J&j Snack Foods Corp)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or and in Section 13 of the Plan, the PSUs relating determined to any Performance Period have vested by the Committee in accordance with Section 5.2 will vest and become nonforfeitable on January 1 as of the year that immediately follows such Performance Period, subject to (a) Vesting Date provided the achievement of the applicable Performance Goal for such Performance Period set forth in Exhibit I attached hereto, and (b) the Grantee's Grantee has provided Continuous Service from the Grant Date through the such vesting datelast day of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

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Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or and in Section 13 of the Plan, the PSUs relating determined to any Performance Period have vested by the Committee in accordance with Section 5.2 will vest and become nonforfeitable on January 1 as of the year that immediately follows such Performance Period, subject to (a) Vesting Date ​ ​ ​ ​ provided the achievement of the applicable Performance Goal for such Performance Period set forth in Exhibit I attached hereto, and (b) the Grantee's Grantee has provided Continuous Service from the Grant Date through the such vesting datelast day of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of the Planherein, the PSUs relating to any Performance Period will vest and become nonforfeitable non-forfeitable on January 1 of the year that immediately follows such Performance Period[APPLICABLE DATE], subject to (ai) the achievement of the applicable Performance Goal for such Goal, (ii) the exercise of the Committee’s negative discretion to reduce the number of PSUs subject to this Award as provided in this Agreement and the Plan based upon achievement of the additional Performance Period set forth in Exhibit I attached heretoGoals, and (biii) the Grantee's ’s “Continuous Service Service” with the Company from the Grant Date through the such vesting date[APPLICABLE DATE].

Appears in 1 contract

Samples: Performance Share Award Agreement (Team Inc)

Vesting of PSUs. The PSUs are subject to forfeiture until they vest. Except as otherwise provided herein or in Section 13 of the Planthis Agreement, the PSUs relating to any Performance Period will vest and become nonforfeitable on January 1 of the year that immediately follows such Performance Period, subject to (a) date the Committee certifies the achievement of the applicable Performance Management Goal for such Performance Period set forth in Exhibit I attached heretoaccordance with Section 3.2, and (b) subject to the Grantee's Continuous Service Participant’s continuous service with the Company or a Subsidiary from the Date of Grant Date through the such vesting datelast day of the Performance Period.

Appears in 1 contract

Samples: Performance Share Unit Agreement (DIEBOLD NIXDORF, Inc)

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