Common use of Determination of Earned PSUs Clause in Contracts

Determination of Earned PSUs. Notwithstanding anything in the Plan, effective as of immediately prior to a Change in Control, subject to the occurrence of such Change in Control, the number of Earned PSUs shall be established by the Committee based on the greater of the applicable Target Number and the level of achievement of actual performance as determined through the latest practicable date prior to such Change in Control (as determined by the Committee in its sole discretion).

Appears in 4 contracts

Samples: 2014 Omnibus Incentive Plan Performance Stock Unit Award Agreement (National Bank Holdings Corp), 2014 Omnibus Incentive Plan Performance Stock Unit Award Agreement (National Bank Holdings Corp), 2014 Omnibus Incentive Plan Performance Stock Unit Award Agreement (National Bank Holdings Corp)

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Determination of Earned PSUs. Notwithstanding anything in the Plan, effective as of immediately prior to a Change in Control, subject to the occurrence of such Change in Control, the number of Earned PSUs shall be established by the Committee based on the greater of the applicable ROTA Target Number and the level of achievement of actual performance as determined through the latest practicable date prior to such Change in Control (as determined by the Committee in its sole discretion).

Appears in 1 contract

Samples: Incentive Plan Rota Performance Stock Unit Award Agreement (National Bank Holdings Corp)

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Determination of Earned PSUs. Notwithstanding anything in the Plan, effective as of immediately prior to a Change in Control, subject to the occurrence of such Change in Control, the number of Earned PSUs shall be established by the Committee based on the greater of the applicable TSR Target Number and the level of achievement of actual performance as determined through the latest practicable date prior to such Change in Control (as determined by the Committee in its sole discretion).

Appears in 1 contract

Samples: Incentive Plan TSR Performance Stock Unit Award Agreement (National Bank Holdings Corp)

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