Compensation Committee Certification. Notwithstanding any other provision of this Agreement to the contrary, no portion of a vested Award II shall be paid until the Committee has certified that the respective Performance Goals as well as any other material terms of the Plan and this Agreement have been satisfied. To the extent that the foregoing requirement is not satisfied, no portion of Award II shall be paid.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Preformed Line Products Co), Restricted Stock Unit Award Agreement (Preformed Line Products Co), Restricted Stock Unit Award Agreement (Preformed Line Products Co)
Compensation Committee Certification. Notwithstanding any other provision of this Agreement to the contrary, no portion of a vested Award II shall vest or be paid until the Committee has certified that the respective Performance Goals as well as any other material terms of the Plan and this Agreement have been satisfied. To the extent that the foregoing requirement is not satisfied, no portion of Award II shall vest or be paid. Notwithstanding the foregoing to the contrary, the Committee does not intend this Agreement and the award of Restricted Stock hereby to constitute a Qualified Performance-Based Award (as such term is defined under the Plan).
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Preformed Line Products Co)
