Common use of Adjusted EBITDA Performance RSUs Clause in Contracts

Adjusted EBITDA Performance RSUs. (1) 100% of the Adjusted EBITDA Performance RSUs (50% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Target Level. (2) 50% of the Adjusted EBITDA Performance RSUs (25% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Threshold Level. (3) If the Company’s Adjusted EBITDA is greater than the Threshold Level but less than the Target Level, vesting of the Adjusted EBITDA Performance RSUs will be interpolated between 50% and 100%. (4) If the Company’s Adjusted EBITDA is less than the Threshold Level, none of the Adjusted EBITDA Performance RSUs will vest.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Greenbrier Companies Inc), Restricted Stock Unit Award Agreement (Greenbrier Companies Inc), Restricted Stock Unit Award Agreement (Greenbrier Companies Inc)

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Adjusted EBITDA Performance RSUs. (1) 100% of the Adjusted EBITDA Performance RSUs (5030% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Target (Goal) Level. (2) 50% of the Adjusted EBITDA Performance RSUs (2515% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Threshold Level. (3) If the Company’s Adjusted EBITDA is greater than the Threshold Level but less than the Target (Goal) Level, vesting of the Adjusted EBITDA Performance RSUs will be interpolated between 50% and 100%. (4) If the Company’s Adjusted EBITDA is less than the Threshold Level, none of the no Adjusted EBITDA Performance RSUs will vest.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Greenbrier Companies Inc)

Adjusted EBITDA Performance RSUs. (1) 100% of the Adjusted EBITDA Performance RSUs (5080% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Target Level. (2) 50% of the Adjusted EBITDA Performance RSUs (2540% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Threshold Level. (3) If the Company’s Adjusted EBITDA is greater than the Threshold Level but less than the Target Level, vesting of the Adjusted EBITDA Performance RSUs will be interpolated between 50% and 100%. (4) If the Company’s Adjusted EBITDA is less than the Threshold Level, none of the Adjusted EBITDA Performance RSUs will vest.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Greenbrier Companies Inc)

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Adjusted EBITDA Performance RSUs. (1) 100% of the Adjusted EBITDA Performance RSUs (5060% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Target (Goal) Level. (2) 50% of the Adjusted EBITDA Performance RSUs (2530% of the total number of Performance-Based RSUs) will vest on the Vesting Date if the Company’s Adjusted EBITDA equals the Adjusted EBITDA Threshold Level. (3) If the Company’s Adjusted EBITDA is greater than the Threshold Level but less than the Target (Goal) Level, vesting of the Adjusted EBITDA Performance RSUs will be interpolated between 50% and 100%. (4) If the Company’s Adjusted EBITDA is less than the Threshold Level, none of the no Adjusted EBITDA Performance RSUs will vest.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Greenbrier Companies Inc)

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