Common use of Determination of the Performance Goals Clause in Contracts

Determination of the Performance Goals. If a Change in Control occurs prior to the completion of the Performance Period, the Performance Goals shall be deemed achieved, as of immediately prior to the date of the Change in Control, at the greater of (i) target level and (ii) the level of achievement of the Performance Goals, as determined by the Committee prior to the Change in Control, based on performance through the latest date preceding the Change in Control as to which performance can, as a practical matter, be determined (but not later than the end of the Performance Period), and from and after the date of the Change in Control, the number of Shares subject to the PSUs shall be fixed based on such determination.

Appears in 3 contracts

Samples: Performance Vested Restricted Stock Unit Agreement (Ati Inc), Performance Vested Restricted Stock Unit Agreement (Ati Inc), Performance Vested Restricted Stock Unit Agreement (Allegheny Technologies Inc)

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Determination of the Performance Goals. If a Change in Control occurs prior to the completion of the Performance Period, the Performance Goals shall be deemed achieved, as of immediately prior to the date of the Change in Control, at the greater of (i) target level and (ii) the level of achievement of the Performance Goals, as determined by the Committee prior to the Change in ControlControl (including with respect to the TSR Modifier), based on performance through the latest date preceding the Change in Control as to which performance can, as a practical matter, be determined (but not later than the end of the Performance Period), and from and after the date of the Change in Control, the number of Shares subject to the PSUs shall be fixed based on such determination.

Appears in 1 contract

Samples: Performance Vested Restricted Stock Unit Agreement (Allegheny Technologies Inc)

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