{"component": "clause", "props": {"groups": [{"samples": [{"hash": "g9vZKlGUVTy", "uri": "/contracts/g9vZKlGUVTy#earned-psus", "label": "Global Performance Based Restricted Stock Unit Award Agreement (Waters Corp /De/)", "score": 36.3429145813, "published": true}, {"hash": "8RkPzyqmAqX", "uri": "/contracts/8RkPzyqmAqX#earned-psus", "label": "Global Performance Based Restricted Stock Unit Award Agreement (Waters Corp /De/)", "score": 36.3429145813, "published": true}, {"hash": "cAf0Sli4Sp", "uri": "/contracts/cAf0Sli4Sp#earned-psus", "label": "Performance Based Restricted Stock Unit Award Agreement (Genocea Biosciences, Inc.)", "score": 32.3237495422, "published": true}], "snippet": "The PSUs shall become \u201cEarned PSUs\u201d following the end of the Performance Period (as defined in Exhibit A) to the extent earned in accordance with the performance criteria set forth on Exhibit A (the \u201cPerformance Criteria\u201d), based on the Administrator\u2019s determination, in its sole discretion, of the level of achievement of the Performance Criteria.", "snippet_links": [{"key": "the-psus", "type": "clause", "offset": [0, 8]}, {"key": "following-the", "type": "definition", "offset": [36, 49]}, {"key": "performance-period", "type": "definition", "offset": [61, 79]}, {"key": "exhibit-a", "type": "definition", "offset": [95, 104]}, {"key": "to-the-extent", "type": "clause", "offset": [106, 119]}, {"key": "in-accordance-with", "type": "definition", "offset": [127, 145]}, {"key": "performance-criteria", "type": "definition", "offset": [150, 170]}, {"key": "based-on", "type": "clause", "offset": [224, 232]}, {"key": "the-administrator", "type": "clause", "offset": [233, 250]}, {"key": "sole-discretion", "type": "clause", "offset": [275, 290]}], "size": 12, "hash": "05e0556fad88084bee936633a97f3a83", "id": 1}, {"samples": [{"hash": "lBa0rgojHyi", "uri": "/contracts/lBa0rgojHyi#earned-psus", "label": "Performance Restricted Stock Unit Agreement (NOODLES & Co)", "score": 34.3552360535, "published": true}, {"hash": "ggLnuFKT3tQ", "uri": "/contracts/ggLnuFKT3tQ#earned-psus", "label": "Performance Restricted Stock Unit Agreement (NOODLES & Co)", "score": 33.3203277588, "published": true}, {"hash": "2UhhJyl6juc", "uri": "/contracts/2UhhJyl6juc#earned-psus", "label": "Performance Restricted Stock Unit Agreement (NOODLES & Co)", "score": 32.3264884949, "published": true}], "snippet": "The PSUs shall be earned as specified in Exhibit A and the earned PSUs shall be eligible to vest pursuant to Sections 4 and 5.", "snippet_links": [{"key": "the-psus", "type": "clause", "offset": [0, 8]}, {"key": "as-specified", "type": "clause", "offset": [25, 37]}, {"key": "exhibit-a", "type": "definition", "offset": [41, 50]}, {"key": "pursuant-to-sections-4", "type": "clause", "offset": [97, 119]}], "size": 7, "hash": "f565b5a1fcf463275329d4283203d56c", "id": 2}, {"samples": [{"hash": "f6Fc6ZWzVg5", "uri": "/contracts/f6Fc6ZWzVg5#earned-psus", "label": "Performance Restricted Stock Unit Agreement (NOODLES & Co)", "score": 31.4585895538, "published": true}, {"hash": "79Cjw8ZXrKJ", "uri": "/contracts/79Cjw8ZXrKJ#earned-psus", "label": "Performance Restricted Stock Unit Agreement (NOODLES & Co)", "score": 31.1519508362, "published": true}], "snippet": "(a) Fifty percent (50%) of the PSUs with respect to the Target Number of Shares shall be eligible to be earned and vest as follows (the \u201cSales-Based PSUs\u201d), based on achievement of Sales Growth for the Performance Period: Sales Growth of less than 1.0%: None of the Sales-Based PSUs will be earned or eligible to vest. Sales Growth of at least 1.0% (\u201cThreshold Sales Growth Goal\u201d): 25% of Sales-Based PSUs will be earned and eligible to vest. Sales Growth of at least 3.0% (\u201cTarget Sales Growth Goal\u201d): 100% of Sales-Based PSUs will be earned and eligible to vest. Sales Growth of at least 5.0% (\u201cMaximum Sales Growth Goal\u201d): 200% of Sales-Based PSUs will be earned and eligible to vest. If actual Sales Growth for the Performance Period is between the Threshold Sales Growth Goal and the Target Sales Growth Goal, or between the Target Sales Growth Goal and the Maximum Sales Growth Goal, the number of Sales-Based PSUs that will be earned and eligible to vest will be determined by linear interpolation. For example, if Sales Growth were 4.0%, then 150% of Sales-Based PSUs would be earned and eligible to vest.\n(b) Fifty percent (50%) of the PSUs with respect to the Target Number of Shares shall be eligible to be earned and vest as follows (the \u201cEBITDA-Based PSUs\u201d), based on achievement of Adjusted EBITDA for the Performance Period: Adjusted EBITDA of less than $134.7MM: None of the EBITDA-Based PSUs will be earned and be eligible to vest. Adjusted EBITDA of at least $134.7MM (\u201cThreshold EBITDA Goal\u201d): 25% of EBITDA-Based PSUs will be earned and eligible to vest. Adjusted EBITDA of at least $152.8MM (\u201cTarget EBITDA Goal\u201d): 100% of EBITDA-Based PSUs will be earned and eligible to vest. Adjusted EBITDA of at least $167.8MM (\u201cMaximum EBITDA Goal\u201d): 200% of EBITDA-Based PSUs will be earned and eligible to vest. If actual Adjusted EBITDA for the Performance Period is between the Threshold EBITDA Goal and the Target EBITDA Goal, or between the Target EBITDA Goal and the Maximum EBITDA Goal, the number of EBITDA-Based PSUs that will be earned and be eligible to vest will be determined by linear interpolation. For example, if Adjusted EBITDA were $160.3MM, then 150% of EBITDA-Based PSUs would be earned and eligible to vest.", "snippet_links": [{"key": "fifty-percent", "type": "definition", "offset": [4, 17]}, {"key": "the-psus", "type": "clause", "offset": [27, 35]}, {"key": "with-respect-to", "type": "clause", "offset": [36, 51]}, {"key": "target-number-of-shares", "type": "definition", "offset": [56, 79]}, {"key": "based-on", "type": "clause", "offset": [157, 165]}, {"key": "sales-growth", "type": "definition", "offset": [181, 193]}, {"key": "performance-period", "type": "definition", "offset": [202, 220]}, {"key": "the-sales", "type": "definition", "offset": [262, 271]}, {"key": "threshold-sales", "type": "definition", "offset": [351, 366]}, {"key": "target-sales", "type": "definition", "offset": [475, 487]}, {"key": "actual-sales", "type": "definition", "offset": [691, 703]}, {"key": "linear-interpolation", "type": "definition", "offset": [984, 1004]}, {"key": "for-example", "type": "definition", "offset": [1006, 1017]}, {"key": "ebitda-goal", "type": "clause", "offset": [1498, 1509]}, {"key": "target-ebitda", "type": "clause", "offset": [1614, 1627]}, {"key": "actual-adjusted-ebitda", "type": "definition", "offset": [1827, 1849]}], "size": 3, "hash": "68572cb89d1731d2ec961d72c07d0e34", "id": 3}, {"samples": [{"hash": "bUziqJ5u5b2", "uri": "/contracts/bUziqJ5u5b2#earned-psus", "label": "Performance Stock Unit Agreement (Dunkin' Brands Group, Inc.)", "score": 26.1430530548, "published": true}, {"hash": "gl5GENjalrj", "uri": "/contracts/gl5GENjalrj#earned-psus", "label": "Performance Stock Unit Agreement (Dunkin' Brands Group, Inc.)", "score": 25.3381252289, "published": true}], "snippet": "Except as otherwise provided in Sections 4(a) and 4(b)(ii), below, the PSUs shall become \u201cEarned PSUs\u201d following the end of the Performance Period to the extent earned in accordance with the performance objectives set forth on Exhibit A (the \u201cPerformance Objectives\u201d), subject to the Compensation Committee certifying, in its sole discretion, the achievement of the applicable Performance Objectives.", "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [0, 28]}, {"key": "the-psus", "type": "clause", "offset": [67, 75]}, {"key": "following-the", "type": "definition", "offset": [103, 116]}, {"key": "performance-period", "type": "definition", "offset": [128, 146]}, {"key": "to-the-extent", "type": "clause", "offset": [147, 160]}, {"key": "in-accordance-with", "type": "definition", "offset": [168, 186]}, {"key": "performance-objectives", "type": "clause", "offset": [191, 213]}, {"key": "exhibit-a", "type": "definition", "offset": [227, 236]}, {"key": "the-compensation-committee", "type": "definition", "offset": [280, 306]}, {"key": "sole-discretion", "type": "clause", "offset": [326, 341]}, {"key": "the-applicable", "type": "clause", "offset": [362, 376]}], "size": 3, "hash": "c7748d00836b28a6108e0d8c006f468d", "id": 4}, {"samples": [{"hash": "31IWMFTcObt", "uri": "/contracts/31IWMFTcObt#earned-psus", "label": "Performance Stock Unit Agreement (SPS Commerce Inc)", "score": 34.1389465332, "published": true}, {"hash": "dsNLlUpsDUY", "uri": "/contracts/dsNLlUpsDUY#earned-psus", "label": "Performance Stock Unit Agreement (SPS Commerce Inc)", "score": 33.8980140686, "published": true}], "snippet": "The number of earned PSUs is calculated by multiplying the Target Number of PSUs specified on the cover page of the Agreement by the Performance Multiplier Percentage.", "snippet_links": [{"key": "target-number-of-psus", "type": "definition", "offset": [59, 80]}, {"key": "page-of", "type": "clause", "offset": [104, 111]}, {"key": "the-agreement", "type": "clause", "offset": [112, 125]}, {"key": "performance-multiplier-percentage", "type": "definition", "offset": [133, 166]}], "size": 2, "hash": "b55298ac71fa0ffab5f74767ebc692d8", "id": 5}, {"samples": [{"hash": "cRCJS7pCD12", "uri": "/contracts/cRCJS7pCD12#earned-psus", "label": "Performance Based Restricted Stock Unit Award Agreement (Acceleron Pharma Inc)", "score": 32.1512680054, "published": true}, {"hash": "62ipmQA73o3", "uri": "/contracts/62ipmQA73o3#earned-psus", "label": "Performance Based Restricted Stock Unit Award Agreement (Acceleron Pharma Inc)", "score": 31.1546878815, "published": true}], "snippet": "The PSUs shall be eligible to become earned as set forth on Exhibit A, subject to the Compensation Committee determining, in its sole discretion, the level of achievement of the applicable performance milestones.", "snippet_links": [{"key": "the-psus", "type": "clause", "offset": [0, 8]}, {"key": "exhibit-a", "type": "definition", "offset": [60, 69]}, {"key": "the-compensation-committee", "type": "definition", "offset": [82, 108]}, {"key": "sole-discretion", "type": "clause", "offset": [129, 144]}, {"key": "the-applicable", "type": "clause", "offset": [174, 188]}, {"key": "performance-milestones", "type": "definition", "offset": [189, 211]}], "size": 2, "hash": "ccc3fde1708a9873e26544a96dd66085", "id": 6}, {"samples": [{"hash": "gjNYvT7OCIf", "uri": "/contracts/gjNYvT7OCIf#earned-psus", "label": "Performance Based Restricted Stock Unit Award Agreement (Schneider National, Inc.)", "score": 32.3237495422, "published": true}], "snippet": "The PSUs are subject to both performance-based and service-based requirements. The number of earned PSUs (i.e. that number of PSUs which correspond to the level of performance attainment which the Committee has determined was achieved during any applicable period ) shall be determined solely by the Committee, in its absolute discretion, based on the attainment by the Company or its Affiliates of the targeted levels of performance set forth in Exhibit A, during the period beginning on January 1, 2021 and ending on December 31, 2023 (the \u201cPerformance Period\u201d) as determined by the Committee. The number of earned PSUs may range between 0% and 250% of the number of target PSUs granted hereunder (with 100% corresponding to target performance achievement). PSUs shall also be subject to, and earned only if, the Participant remains continuously employed in active service by the Company or one of its Affiliates from the Date of Grant through the final date of the performance period.", "snippet_links": [{"key": "the-psus", "type": "clause", "offset": [0, 8]}, {"key": "subject-to", "type": "clause", "offset": [13, 23]}, {"key": "number-of-psus", "type": "clause", "offset": [116, 130]}, {"key": "level-of-performance", "type": "definition", "offset": [155, 175]}, {"key": "the-committee", "type": "clause", "offset": [193, 206]}, {"key": "applicable-period", "type": "clause", "offset": [246, 263]}, {"key": "absolute-discretion", "type": "definition", "offset": [318, 337]}, {"key": "based-on", "type": "clause", "offset": [339, 347]}, {"key": "by-the-company", "type": "clause", "offset": [363, 377]}, {"key": "levels-of-performance", "type": "definition", "offset": [412, 433]}, {"key": "exhibit-a", "type": "definition", "offset": [447, 456]}, {"key": "beginning-on", "type": "clause", "offset": [476, 488]}, {"key": "on-december", "type": "clause", "offset": [516, 527]}, {"key": "performance-period", "type": "definition", "offset": [543, 561]}, {"key": "target-psus", "type": "definition", "offset": [669, 680]}, {"key": "performance-achievement", "type": "definition", "offset": [734, 757]}, {"key": "the-participant", "type": "clause", "offset": [811, 826]}, {"key": "continuously-employed", "type": "definition", "offset": [835, 856]}, {"key": "active-service", "type": "definition", "offset": [860, 874]}, {"key": "date-of-grant", "type": "definition", "offset": [924, 937]}, {"key": "final-date", "type": "definition", "offset": [950, 960]}, {"key": "the-performance", "type": "clause", "offset": [964, 979]}], "size": 2, "hash": "a29742114c79fde7493e41f703f2262b", "id": 7}, {"samples": [{"hash": "9p6vNzXSAwO", "uri": "/contracts/9p6vNzXSAwO#earned-psus", "label": "Consulting Agreement (Lantheus Holdings, Inc.)", "score": 33.5790557861, "published": true}], "snippet": "Notwithstanding anything to the contrary above, with respect to Unvested Equity Awards that are performance-based restricted stock units (\u201cPSUs\u201d): (i) the portion (for purposes of clarification, which can be more than 100% under the terms of the Plans), if any, of your \u201cTarget PSUs\u201d (as defined in the Plans) that will be deemed to be \u201cEarned PSUs\u201d (as defined in the Plans) will be determined at the same time and in the same manner as for all other holders of PSUs, subject to proration pursuant to Section 2(b) above (Pro Rata Vesting Thereafter), if applicable; and (ii) the date of vesting of the Earned RSUs will be the same as for all other holders of such PSUs.", "snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [0, 40]}, {"key": "with-respect-to", "type": "clause", "offset": [48, 63]}, {"key": "unvested-equity-awards", "type": "clause", "offset": [64, 86]}, {"key": "restricted-stock-units", "type": "definition", "offset": [114, 136]}, {"key": "for-purposes-of-clarification", "type": "clause", "offset": [164, 193]}, {"key": "the-plans", "type": "clause", "offset": [242, 251]}, {"key": "target-psus", "type": "definition", "offset": [271, 282]}, {"key": "in-the-same-manner", "type": "definition", "offset": [416, 434]}, {"key": "holders-of", "type": "clause", "offset": [452, 462]}, {"key": "subject-to", "type": "clause", "offset": [469, 479]}, {"key": "pursuant-to-section", "type": "clause", "offset": [490, 509]}, {"key": "pro-rata-vesting", "type": "clause", "offset": [522, 538]}, {"key": "if-applicable", "type": "definition", "offset": [552, 565]}, {"key": "vesting-of", "type": "clause", "offset": [588, 598]}, {"key": "earned-rsus", "type": "definition", "offset": [603, 614]}], "size": 1, "hash": "a63fb3b49efcfab0bf2c8f1736a6c05d", "id": 8}, {"samples": [{"hash": "5O6jAGDmbga", "uri": "/contracts/5O6jAGDmbga#earned-psus", "label": "Global Performance Based Restricted Stock Unit Award Agreement (Hubspot Inc)", "score": 36.1156730652, "published": true}], "snippet": "The number of Restricted Stock Units, if any, that become Earned PSUs following the completion of the Performance Period shall be equal to the Target PSUs multiplied by the \u201cPercentage of Target PSUs Earned\u201d set forth in the table below opposite the applicable Below Threshold, Threshold, Target or Maximum level of performance based on the Company\u2019s Constant Currency Revenue", "snippet_links": [{"key": "number-of-restricted-stock-units", "type": "definition", "offset": [4, 36]}, {"key": "following-the", "type": "definition", "offset": [70, 83]}, {"key": "completion-of-the-performance-period", "type": "clause", "offset": [84, 120]}, {"key": "equal-to", "type": "definition", "offset": [130, 138]}, {"key": "target-psus", "type": "definition", "offset": [143, 154]}, {"key": "the-applicable", "type": "clause", "offset": [246, 260]}, {"key": "below-threshold", "type": "clause", "offset": [261, 276]}, {"key": "level-of-performance", "type": "definition", "offset": [307, 327]}, {"key": "based-on", "type": "clause", "offset": [328, 336]}, {"key": "the-company", "type": "clause", "offset": [337, 348]}, {"key": "constant-currency-revenue", "type": "definition", "offset": [351, 376]}], "size": 1, "hash": "cf2b71abcf549142cb9996d504c168d3", "id": 9}, {"samples": [{"hash": "6FRtkPKMQ5g", "uri": "/contracts/6FRtkPKMQ5g#earned-psus", "label": "Performance Based Restricted Stock Unit Award Agreement (Ironwood Pharmaceuticals Inc)", "score": 29.3436012268, "published": true}], "snippet": "The PSUs shall be eligible to become Earned PSUs (as defined in Exhibit A) subject to the terms and conditions of Exhibit A hereto.", "snippet_links": [{"key": "the-psus", "type": "clause", "offset": [0, 8]}, {"key": "exhibit-a", "type": "definition", "offset": [64, 73]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [90, 113]}], "size": 1, "hash": "e1381cda9f5e2366d506af7bb7dea0d7", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRlYXJuZWQtcHN1cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Earned PSUs", "parents": [["earning-vesting-cessation-of-employment", "Earning Vesting Cessation of Employment"], ["earned-psus-vesting-and-settlement", "Earned Psus Vesting and Settlement"], ["compensation-recovery-policy", "Compensation Recovery Policy"], ["grant-of-performance-restricted-stock-units", "Grant of Performance Restricted Stock Units"], ["effective-date", "Effective Date"]], "children": [], "size": 43, "id": "earned-psus", "related": [["vesting-date", "Vesting Date", "Vesting Date"], ["performance-shares", "Performance Shares", "Performance Shares"], ["performance-share-units", "Performance Share Units", "Performance Share Units"], ["rsus", "RSUs", "RSUs"], ["vesting-dates", "Vesting Dates", "Vesting Dates"]], "related_snippets": [], "updated": "2026-07-26T05:34:57+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The 'Earned PSUs' clause defines the conditions under which Performance Share Units (PSUs) are considered earned by an employee or participant. Typically, this clause outlines the specific performance metrics, timeframes, and achievement levels required for PSUs to vest, such as meeting certain financial targets or operational goals over a set period. By clearly specifying when and how PSUs are earned, the clause ensures transparency in incentive compensation and aligns employee rewards with company performance objectives."}, "json": true, "cursor": ""}}