Conditions for Vesting. Subject to Section 5 of this Agreement, at the end of the Retention Period, the RSU Award will vest and be distributed to Participant (the “Earned RSUs”).
Conditions for Vesting. Subject to Participant’s compliance with the terms of this Agreement:
Conditions for Vesting. Subject to Participant’s compliance with the terms of this Agreement:
(a) PSU Award - 50% of the PSU Award is based upon achievement of core net income growth rate performance goals (“Net Income”) for the Performance Period, and 50% of the PSU Award is based upon achievement of return on invested capital performance goals (“ROIC”) for the Performance Period. At the end of the Performance Period, the Committee will evaluate the Company’s attained levels of performance with respect to Core Net Income and ROIC to determine the number of whole PSUs earned, if any, by Participant (the “Earned PSUs”). The Committee will determine Participant's total Earned PSUs for such period by reference to the following performance matrix: Earned PSUsPayout Levels 50% 100% 200% Core Net Income: 3-year compound annual growth rate __% __% __% ROIC: 3-year weighted average* __% __% __% 7 *lowest-year ROIC weighted 20%, remaining years weighted 40% each If, at the end of the Performance Period, the threshold, target or maximum performance goal has been attained for either or both Core Net Income or ROIC, Participant will vest in Earned PSUs as provided in the matrix. If the attained level of performance for either goal is between the threshold and target, or between target and maximum, Earned PSUs will be determined by linear interpolation.
Conditions for Vesting. No distribution of the Restricted Shares will be made and all Restricted Shares subject to this Award shall be forfeited except to the extent both conditions for vesting specified in (a) and (b) below are satisfied.
Conditions for Vesting. Subject to Participant’s compliance with the terms of this Agreement, the RSU Award will vest on December 10, 2023 (the “RSU Vesting Date,” and the period from the Date of Grant until the RSU Vesting Date, the “RSU Restriction Period”). If the RSU Vesting Date is not a day on which Common Shares are traded on a U.S. national securities exchange or quoted in an inter-dealer quotation system, then the RSU Vesting Date will be the preceding day on which sales of Common Shares were reported.
Conditions for Vesting. No payment of the Award will be made and all Restricted Stock Units subject to the Award shall be forfeited unless both Conditions for Vesting specified in (a) and (b) below are satisfied, subject to the exceptions in (c) below.
Conditions for Vesting. Attached to this Agreement is Exhibit A, ---------------------- which contains terms and conditions for Vesting ("Conditions for Vesting"), which is a part of this Agreement.
Conditions for Vesting. (a) The Period of Restrictions on Restricted Shares will lapse and the Shares will become vested and nonforfeitable installments on each Vesting Date stipulated on the first page of this Award for the number of Shares specified for that date, provided that you are an employee of the Company or its Affiliates on such Vesting Date. Except as provided in subparagraph (b) below, if you have a Termination of Employment before the Vesting Date, all Restricted Shares subject to this Award that are not then vested shall be forfeited as of the date of Termination of Employment.
(b) Notwithstanding subparagraph (a) above, if you have a Termination of Employment before a Vesting Date as a result of death, Disability, Retirement (as “Disability” and “Retirement” are defined in the Plan) or termination by the Company without cause, you shall become vested in a percentage of the Restricted Shares that would otherwise become vested on each Vesting Date following Termination of Employment (the “Scheduled Vesting Dates”) equal to (A) the number of days in the period beginning June 8, 2005 and ending June 8, 2008 during which you were an employee of the Company or any of its Affiliates, divided by (B) 1096. For purposes of this paragraph “cause” means willful misconduct or gross negligence, as it may be determined at the sole discretion of the Committee. Any Restricted Shares that become vested on Termination of Employment by reason of this subparagraph (b) shall continue to be subject to the transfer restrictions of paragraph (5) until the applicable Scheduled Vesting Date.
Conditions for Vesting. At the end of the Retention Period, the Award shall vest and be distributed to the Participant provided that the Participant has been a director of the Company continuously throughout the Retention Period (“Vested Grant”). The Retention Period begins on the Effective Date of this Agreement, and ends on ___(“Retention Period”). If Participant’s directorship with the Company is terminated for any reason (other than “For Cause” or performance as determined by a majority of the remaining directors) prior to the expiration of the Retention Period, the Grant shall become fully vested and be distributed to the Participant. Notwithstanding the above, the Grant shall become fully vested and be distributed to
Conditions for Vesting. At the end of the Retention Period, the Award shall vest and be distributed to the Participant provided that the Participant has been an employee of the Company or one of its wholly owned Subsidiaries continuously throughout the Retention Period (“Vested Grant”). The Retention Period begins on the Effective Date of this Agreement, and ends on ___ (“Retention Period”). If Participant’s employment with the Company and its Subsidiaries is terminated for any reason other than Participant’s death, Disability (as defined in Section 5 below) or Retirement (as defined in Section 5 below) prior to the expiration of the Retention Period, the Grant shall be canceled and be null and void. Notwithstanding the
