Common use of Determination of Final Award Clause in Contracts

Determination of Final Award. (a) The Target Shares ultimately issued by the Company pursuant to the Award shall be subject to adjustment according to the Company’s achievement (“Performance”) of the Performance Metrics for the Award and compliance with the provisions and rules set forth on Appendix A attached hereto (the “Performance Metrics”) and incorporated herein by this reference (the Award as so adjusted, “Final Award”). (b) As provided in the LTI Plan, within sixty (60) days after the end of the Designated Period, the Compensation Committee shall determine and certify in writing (a) whether and to what extent the Performance Metrics have been achieved and (b) based on such Performance, the number of Shares to be issued to Recipient as the Final Award (with the date of such determination referred to as the “Determination Date”).

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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Determination of Final Award. (a) The Target Shares ultimately issued by the Company pursuant to the Award shall be subject to adjustment according to the Company’s achievement (“Performance”) of the Performance Metrics for the Award and compliance with the provisions and rules set forth on Appendix A attached hereto (the “Performance Metrics”) and incorporated herein by this reference (the Award as so adjusted, “Final Award”). (b) As provided in the LTI Plan, within Within sixty (60) days after the end of the Designated Period, the Compensation Committee shall determine and certify in writing (a) whether and to what extent the Performance Metrics have been achieved and (b) based on such Performance, the number of Shares to be issued to Recipient as the Final Award (with the date of such determination referred to as the “Determination Date”).

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)

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