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

Conditions; Determination of Earned Award. Except as otherwise provided herein, the Participant’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 Periods. Following the Performance Periods, the Committee shall determine whether and to what extent the goals relating to ROIC and TSR have been satisfied for the Performance Periods and shall determine the percent of ROIC Target Performance Shares and TSR Target Performance Shares, if any, that may have become earned hereunder.

Appears in 3 contracts

Samples: Performance Shares Award Agreement (Myr Group Inc.), 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 Participant’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 Periods. Following the Performance Periods, the Committee shall determine whether and to what extent the goals relating to ROIC ROIC, TSR, and TSR ESG have been satisfied for the Performance Periods and shall determine the percent of ROIC Target Performance Shares Shares, TSR Target Performance Shares, and TSR ESG Target Performance Shares, if any, that may have become earned hereunder.

Appears in 1 contract

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

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Conditions; Determination of Earned Award. Except as otherwise provided herein, the ParticipantGrantee’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 PeriodsPeriod. Following the Performance PeriodsPeriod, the Committee shall determine whether and to what extent the goals relating to ROIC and TSR have been satisfied for the Performance Periods Period and shall determine the percent of ROIC Target Performance Shares and TSR Target Performance Shares, if any, Shares that may have become earned hereunder.

Appears in 1 contract

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

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