Conditions; Determination of Notionally Earned Award. Following each Measurement Period, the Committee shall determine whether and to what extent the Performance Goals have been achieved for such Measurement Period and shall determine the number of Performance Units that shall have become notionally earned hereunder. However, except as otherwise provided herein, the Participant’s right to receive payment of notionally earned Performance Units shall be contingent upon the Participant remaining in continuous employment with the Company throughout the entire Performance Period.
Appears in 3 contracts
Samples: Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co), Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co), Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co)
Conditions; Determination of Notionally Earned Award. Following each Measurement Period, the Committee shall determine whether and to what extent the Performance Goals have been achieved for such Measurement Period and shall determine the number of Performance Units that shall have become notionally earned hereunder. However, except as otherwise provided herein, the Participant’s right to receive payment of notionally earned Performance Units shall be contingent upon the Participant remaining in the continuous employment with employ of the Company throughout the entire Performance Period.
Appears in 1 contract
Samples: Performance Stock Unit and Cash Unit Award Agreement (Cooper Tire & Rubber Co)
