Earning of Performance Shares. After the applicable Performance Period has ended, the holder of Performance Shares shall be entitled to receive a payout of the number of Performance Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives have been achieved. After the grant of a Performance Share, the Committee, in its sole discretion, may reduce or waive any performance objectives for such Performance Share.
Earning of Performance Shares. Subject to the terms of the Plan, after the applicable Performance Period has ended, you shall be entitled to receive payout on the number and value of Performance Shares earned over the Performance Period, to be determined as a function of the extent to which the Performance Goals established in Section 6 have been achieved, subject to the threshold performance requirement.
Earning of Performance Shares. (a) Earning Calculation. If, upon the conclusion of the Performance Period, the applicable Management Objective equals or exceeds the threshold level set forth in the performance matrix contained in the Statement of Performance Goals (the “Performance Matrix”), a proportionate number of the Performance Shares shall become earned for the applicable Management Objective, as determined by mathematical interpolation and rounded down to the nearest whole share.
Earning of Performance Shares. The Grantee shall be entitled to receive payment of the number of Performance Shares earned by the Grantee over the Performance Period (as defined in Appendix A), subject to the terms of this Agreement and the Plan. The number of any Performance Shares earned by the Grantee for the Performance Period will be determined at the end of the Performance Period based on the level of achievement of the performance measure goals set forth in Appendix A. If none of the performance measure goals are met, then all of the Performance Shares shall be forfeited. Promptly following completion of the Performance Period, the Committee will review and certify in writing (a) whether, and to what extent, the performance measure goals for the Performance Period have been achieved, and (b) the number of Performance Shares that the Grantee is eligible to earn, if any, subject to compliance with the vesting requirements of Section 5 of this Agreement.
Earning of Performance Shares. After the applicable time period has ended, the number of Performance Shares earned by the Participant over such time period shall be determined as a function of the extent to which the applicable corresponding performance goals have been achieved. This determination shall be made solely by the Committee. The Committee may, in its sole discretion, waive any performance or vesting conditions relating to a Performance Share Award.
Earning of Performance Shares. Except as provided in Section 4, the Performance Shares shall be earned as follows, provided that the Grantee has remained continuously employed by the Company or any Subsidiary through the end of the Performance Period:
Earning of Performance Shares. For each Performance Year, the Committee shall determine and certify in writing in accordance with the terms of the Plan the extent to which the Performance Shares for that Performance Year have been earned on the basis of the Company’s actual performance in relation to the applicable established Performance Goal(s), which determination and certification shall occur as of the date, not later than March 15 of the year following the applicable Performance Year, specified by the Committee (which date shall be referred to as the “Earning Date”). Except as otherwise provided by the Committee and in this Agreement, any portion of the Performance Shares that are not earned on the Participant’s Termination Date and any Performance Shares for a Performance Year that are not otherwise earned by the Participant for that Performance Year based on the satisfaction of Performance Goal(s) (or otherwise) shall immediately expire and shall be forfeited and the Participant shall have no further rights with respect thereto. Notwithstanding the foregoing:
Earning of Performance Shares. (a) The EPS Performance Shares.
(i) If, upon the conclusion of the Performance Period, the percentage growth in the Corporation's earnings per share during the Performance Period falls below the threshold percentile rank relative to the EEI Index, as set forth in the Performance Matrix, none of the EPS Performance Shares shall become earned.
(ii) If, upon the conclusion of the Performance Period, the percentage growth in the Corporation's earnings per share during the Performance Period equals or exceeds the threshold percentile rank but is less than maximum percentile rank relative to the EEI Index, as set forth in the Performance Matrix, the percentage of the EPS Performance Shares shall become earned as set forth on the Performance Matrix opposite such percentile rank.
(iii) If, upon the conclusion of the Performance Period, the percentage growth in the Corporation's earnings per share during the Performance Period equals or exceeds the maximum percentile rank relative to the EEI Index, as set forth in the Performance Matrix, 150% of the EPS Performance Shares shall become earned.
Earning of Performance Shares. (a) Except as provided in Section 3, Performance Shares shall be earned as set forth on Exhibit A, provided that the Grantee has remained continuously employed by the Company or any Subsidiary from the Grant Date through the end of the Performance Period.
(b) Prior to the payment of any Performance Shares as provided in this Agreement, the Committee shall determine in writing the extent, if any, that the Performance Goals have been satisfied and shall determine the number, if any, of Performance Shares that shall have become earned under this Agreement. The Committee may in its sole discretion modify the Performance Goals, in whole or in part, as the Committee deems appropriate and equitable to reflect a change in the business, operations, corporate structure or capital structure of the Company or its Subsidiaries, the manner in which it conducts its business, or other events or circumstances.
Earning of Performance Shares. (a) The number of Performance Shares that you will earn at the conclusion of the Performance Period shall be determined as follows:
(i) If, upon the conclusion of the Performance Period, the market price of the Common Shares as reported on the New York Stock Exchange — Composite Transactions Listing or similar report has reached a minimum of $___, but has not exceeded $___ for a minimum of three consecutive trading days during the Performance Period, you shall earn only one-third of the Performance Shares.
(ii) If, upon the conclusion of the Performance Period, the market price of the Common Shares as reported on the New York Stock Exchange — Composite Transactions Listing or similar report has reached a minimum of $___, but has not exceeded $___ for a minimum of three consecutive trading days during the Performance Period, you shall earn only two-thirds of the Performance Shares.
(iii) If, upon the conclusion of the Performance Period, the market price of the Common Shares as reported on the New York Stock Exchange — Composite Transactions Listing or similar report has reached a minimum of $___ for a minimum of three consecutive trading days during the Performance Period, you shall earn all of the Performance Shares.
(b) In no event shall any Performance Shares become earned if the market price of the Common Shares as reported on the New York Stock Exchange — Composite Transactions Listing or similar report does not reach $___ for a minimum of three consecutive trading days during the Performance Period.
(c) If the Committee determines that a change in the business, operations, corporate structure or capital structure of PolyOne, the manner in which it conducts business or other events or circumstances render the Management Objectives to be unsuitable, the Committee may modify such Management Objectives or the related levels of achievement, in whole or in part, as the Committee deems appropriate; provided, however, that no such action will be made in the case of a Covered Employee where such action may result in the loss of the otherwise available exemption of the award under Section 162(m) of the Code.
(d) Subject to Section 3 and Section 4, your right to receive any Performance Shares is contingent upon your remaining in the continuous employ of PolyOne or a Subsidiary through [DATE] (the “Determination Date”). The Committee shall determine the number of Performance Shares that shall have become earned hereunder as of the Determination Date. For awards ...
