Common use of Conditions; Determination of Earned Award Clause in Contracts

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance Period. Following the Performance Period, the Committee shall determine whether and to what extent the goals relating to XXX have been satisfied for the Performance Period and shall determine the percent of Target Performance Shares that shall have become earned hereunder.

Appears in 2 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), Performance Shares Award Agreement (Myr Group Inc.)

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Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance PeriodDecember 31, 2016. Following the Performance Period, the Committee Board shall determine whether and to what extent the goals relating to XXX Total Stockholder Return have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Usg Corp)

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s 's right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance Period. Following the Performance Period, the Committee Board shall determine whether and to what extent the goals relating to XXX Total Stockholder Return have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Usg Corp)

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance Period. Following the Performance Period, the Committee Board shall determine whether and to what extent the goals relating to XXX Dxxx Performance Goals have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Dana Holding Corp)

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance PeriodDecember 31, 20[__]. Following the Performance Period, the Committee shall determine determine, and the outside directors (as such term is used for purposes of Section 162(m) of the Code) of the Board of Directors shall ratify, whether and to what extent the goals relating to XXX Total Stockholder Return have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Usg Corp)

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Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares performance shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance Period. Following the Performance Period, the Committee Board shall determine whether and to what extent the goals relating to XXX Total Stockholder Return have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares performance shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Usg Corp)

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance PeriodPeriods. Following the Performance PeriodPeriods, the Committee shall determine whether and to what extent the goals relating to XXX ROIC and TSR have been satisfied for the Performance Period Periods and shall determine the percent of ROIC Target Performance Shares and TSR Target Performance Shares, if any, that shall may have become earned hereunder.

Appears in 1 contract

Samples: Shares Award Agreement (Myr Group Inc.)

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Grantee’s right to receive any Performance Shares is contingent upon his or her remaining in the continuous employ of the Company or a Subsidiary through the end of the Performance PeriodDecember 31, 20[ ]. Following the Performance Period, the Committee Board shall determine whether and to what extent the goals relating to XXX Total Stockholder Return have been satisfied for the Performance Period and shall determine the percent number of Target Performance Shares that shall have become earned hereunder.

Appears in 1 contract

Samples: Performance Shares Agreement (Usg Corp)

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