Common use of Calculation and Settlement of Restricted Stock Unit Award Clause in Contracts

Calculation and Settlement of Restricted Stock Unit Award. Except as otherwise provided in paragraph (b)(death or Disability), (c)(Involuntary Termination or Resignation for Good Reason) or (g)(Change in Control) of this Section 3, or in an Other Agreement, your Units shall vest and be settled in Shares only if, after, and to the extent the Committee certifies the extent to which the Performance Goals have been met. Any and all vested Units shall be settled in Shares as soon as practicable after the later of (A) the Employment Date or (B) the date upon which the Committee makes such certification, but in no event later than the March 15 of the year immediately after the year that includes the later of (Y) the Employment Date or (Z) the last date used to measure performance in accordance with Exhibit A hereto, and the Committee shall complete its determinations and make its certification in time to permit all Restricted Stock Unit Awards to be settled by such March 15. For the avoidance of doubt, (W) any unvested Units that are not vested in accordance with Section 3 of this Agreement shall be forfeited, and (X) the Committee’s determinations about your Units, this Restricted Stock Unit Award, and whether and the extent to which the Performance Goals have been met or not met shall be binding and conclusive.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Foster Wheeler Ag), Restricted Stock Unit Agreement (Foster Wheeler Ag)

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Calculation and Settlement of Restricted Stock Unit Award. Except as otherwise provided in paragraph (b)(death b) (death or Disability), (c)(Involuntary c) (Involuntary Termination or Resignation for Good Reason) or (g)(Change g) (Change in Control) of this Section 3, or in an Other Agreement, your Units shall vest and be settled in Shares only if, after, and to the extent the Committee certifies the extent to which the Performance Goals have been met. Any and all vested Units shall be settled in Shares as soon as practicable after the later of (A) the Employment Date or (B) the date upon which the Committee makes such certification, but in no event later than the March 15 of the year immediately after the year that includes the later of (Y) the Employment Date or (Z) the last date used to measure performance in accordance with Exhibit A hereto, and the Committee shall complete its determinations and make its certification in time to permit all Restricted Stock Unit Awards to be settled by such March 15. For the avoidance of doubt, (W) any unvested Units that are not vested in accordance with Section 3 of this Agreement shall be forfeited, and (X) the Committee’s determinations about your Units, this Restricted Stock Unit Award, and whether and the extent to which the Performance Goals have been met or not met shall be binding and conclusive.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Foster Wheeler Ag)

Calculation and Settlement of Restricted Stock Unit Award. Except as otherwise provided in paragraph (b)(death or Disability), (c)(Involuntary Termination or Resignation for Good Reason) or (g)(Change in Control) of this Section 3, or in an Other Agreement, your Units shall vest and be settled in Shares only if, after, and to the extent the Committee certifies the extent to which the Performance Goals have been met. Any and all vested Units shall be settled in Shares as soon as practicable after the later of (A) the Employment Date or (B) the date upon which the Committee makes such certification, but in no event later than the March 15 of the year immediately after the year that includes the later of (Y) the Employment Date or (Z) the last date used to measure performance in accordance with Exhibit A hereto, and the Committee shall complete its determinations and make its certification in time to permit all Restricted Stock Unit Awards to be settled by such March 15. For the avoidance of doubt, (W) any unvested Units that are not vested in accordance with Section 3 of this Agreement shall be forfeited, and (X) the Committee’s determinations about your Units, this Restricted Stock Unit Award, and whether and the extent to which the Performance Goals have been met or not met shall be binding and conclusive.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Foster Wheeler Ag)

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Calculation and Settlement of Restricted Stock Unit Award. Except as otherwise provided in paragraph (b)(death or Disability), (c)(Involuntary Termination or Resignation for Good Reason) or (g)(Change in Control) of this Section 3Section, or in an Other Agreement, your Units shall vest and be settled in Shares only if, afterwhen, and to the extent the Committee certifies the extent to which the Performance Goals have been met. Any and all vested Units shall be settled in Shares as soon as practicable after the later of (A) the Employment Date or (B) the date upon which the Committee makes such certification, but in no event later than the March 15 of the year immediately after the year that includes the later of (Y) the Employment Date or (Z) the last date used to measure performance in accordance with Exhibit A heretoVesting Date, and the Committee shall complete its determinations and make its certification in time to permit all Restricted Stock Unit Awards to be settled by such March 15date. For the avoidance of doubt, (Wi) any unvested Units that are not vested in accordance with Section 3 of this Agreement shall be forfeited, and (Xii) the Committee’s determinations about your Units, this Restricted Stock Unit Award, and whether and the extent to which the Performance Goals have been met or not met shall be binding and conclusive.

Appears in 1 contract

Samples: Foster Wheeler Ag

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