Adjustment for Leave of Absence. or Part-Time Work. Unless otherwise required by law or Company policy, if the Participant takes a leave of absence or commences working on a part-time basis during the Performance Period, the Committee may, in its discretion, reduce on a pro rata basis (reflecting the portion of the Performance Period worked by the Participant on a full-time equivalent basis) the number of Units which would otherwise become Earned Units, or provide that the number of Units which would otherwise become Earned Units shall be reduced as provided by the terms of an agreement between the Participant and the Company pertaining to the Participant’s leave of absence or part-time schedule.
Appears in 5 contracts
Samples: Performance Stock Units Grant Notice and Global Psu Award Agreement (Silicon Laboratories Inc.), Market Stock Units Grant Notice and Global Market Stock Units Award Agreement (Silicon Laboratories Inc), Market Stock Units Grant Notice and Global Market Stock Units Award Agreement (Silicon Laboratories Inc)
Adjustment for Leave of Absence. or Part-Time Work. Unless otherwise required by law or Company policy, if the Participant takes a leave of absence or commences working on a part-time basis during the Performance Period, the Committee may, in its discretion, reduce on a pro rata basis (reflecting the portion of the Performance Period worked by the Participant on a full-time equivalent basis) the number of Units which would otherwise become Earned Eligible Units, or provide that the number of Units which would otherwise become Earned Eligible Units shall be reduced as provided by the terms of an agreement between the Participant and the Company pertaining to the Participant’s leave of absence or part-time schedule.
Appears in 1 contract
Samples: Performance Stock Units Grant Notice and Global Psu Award Agreement (Silicon Laboratories Inc)
