Common use of Award of Performance Restricted Stock Units Clause in Contracts

Award of Performance Restricted Stock Units. Pursuant and subject to the Company’s 2013 Equity Incentive Plan, as amended (as the same may be amended from time to time, the “2013 EIP”) and the Company’s Long-Term Incentive Plan as adopted in connection with the 2013 EIP (the “LTI Plan”), the Company grants the Grantee an award (the “Award”) for [NUMBER] of performance restricted stock units (the “PRSUs”), each constituting the right on the terms and conditions set forth herein to a share of the Company’s common stock, par value $0.01 per share (the “Target Shares”), subject to upward or downward adjustment upon the determination of a Final Award (as defined in Section 3 below) (such Target Shares, as so adjusted, the “Shares”). This Award is granted as of [ GRANT DATE] (the “Grant Date”) and is intended to qualify as a Qualified Performance-Based Award.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Award of Performance Restricted Stock Units. Pursuant and subject to the Company’s Amended and Restated 2013 Equity Incentive Plan, as amended Plan (as the same may be amended from time to time, the “2013 EIPPlan) ), and the Company’s Amended and Restated 2013 Long-Term Incentive Plan as adopted in connection with the 2013 EIP Plan (the “LTI Plan”), the Company grants the Grantee Recipient an award (the “Award”) for [NUMBER] of ______ performance restricted stock units (the “PRSUs”), each constituting the right on the terms and conditions set forth herein to a share of the Company’s common stock, par value $0.01 per share (the “Target Shares”), subject to upward or downward adjustment upon the determination of a Final Award (as defined in Section 3 below) (such Target Shares, as so adjusted, the “Shares”). This Award is granted as of [ GRANT DATE] January 4, 2021 (the “Grant Date”) and is intended to qualify as a Qualified Performance-Based Award).

Appears in 1 contract

Samples: 2013 Equity Incentive Plan (Tempur Sealy International, Inc.)

Award of Performance Restricted Stock Units. Pursuant and subject to the Company’s Amended and Restated 2013 Equity Incentive Plan, as amended Plan (as the same may be amended from time to time, the “2013 EIPPlan) ), and the Company’s Amended and Restated 2013 Long-Term Incentive Plan as adopted in connection with the 2013 EIP Plan (the “LTI Plan”), the Company grants the Grantee Recipient an award (the “Award”) for [NUMBER] of ______ performance restricted stock units (the “PRSUs”), each constituting the right on the terms and conditions set forth herein to a share of the Company’s common stock, par value $0.01 per share (the “Target Shares”), subject to upward or downward adjustment upon the determination of a Final Award (as defined in Section 3 below) (such Target Shares, as so adjusted, the “Shares”). This Award is granted as of [ GRANT DATE] __________ __, 2022 (the “Grant Date”) and is intended to qualify as a Qualified Performance-Based Award).

Appears in 1 contract

Samples: 2013 Equity Incentive Plan (Tempur Sealy International, Inc.)

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Award of Performance Restricted Stock Units. Pursuant and subject to the Company’s Amended and Restated 2013 Equity Incentive Plan, as amended Plan (as the same may be amended from time to time, the “2013 EIPPlan) ), and the Company’s Amended and Restated 2013 Long-Term Incentive Plan as adopted in connection with the 2013 EIP Plan (the “LTI Plan”), the Company grants the Grantee Recipient an award (the “Award”) for [NUMBER] of ______ performance restricted stock units (the “PRSUs”), each constituting the right on the terms and conditions set forth herein to a share of the Company’s common stock, par value $0.01 per share (the “Target Shares”), subject to upward or downward adjustment upon the determination of a Final Award (as defined in Section 3 below) (such Target Shares, as so adjusted, the “Shares”). This Award is granted as of [ GRANT DATE] January 3, 2020 (the “Grant Date”) and is intended to qualify as a Qualified Performance-Based Award).

Appears in 1 contract

Samples: Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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