Common use of Award Period Clause in Contracts

Award Period. The PSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to Sections 1(c), 2, and 3, the PSUs shall vest and be released from the forfeiture provisions on the third anniversary of the Grant Date (the “Vesting Date”), subject to verification of the satisfaction of the Performance Conditions in accordance with this Agreement and the Plan. (c)

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (JELD-WEN Holding, Inc.), Performance Share Unit Award Agreement (JELD-WEN Holding, Inc.)

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Award Period. The PSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to Sections 1(c), 2, and 3, the PSUs shall vest and be released from the forfeiture provisions on the third anniversary of the Grant Date (the “Vesting Date”), subject to verification of the satisfaction of the Performance Conditions in accordance with this Agreement and the Plan. (c).

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (JELD-WEN Holding, Inc.)

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Award Period. The PSUs awarded under this Agreement shall initially be 100% unvested and subject to forfeiture. Subject to Sections 1(c), 1(e), 2, 3 and 34, the PSUs shall vest and be released from the forfeiture provisions on the third anniversary of the Grant Date (the “Vesting Date”), subject to verification of the satisfaction of the Performance Conditions Objectives in accordance with this Agreement and the PlanPlan and so long as the Recipient continues to be an Eligible Individual at all times from the Grant Date through the relevant Vesting Date, except as provided below. (c)

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (JELD-WEN Holding, Inc.)

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