Earning of Performance Stock Units Sample Clauses

Earning of Performance Stock Units. Subject to the Participant’s continued Service and the possible vesting of any unvested PSUs upon a corporate transaction in accordance with Section 12 of the Plan and Section 3 of the Terms and Conditions, the number of PSUs that will be earned during each calendar year within the Performance Period is a function of the extent to which the corresponding EPS Performance Goal and Stock Price Performance Goal described in the below tables are achieved: Exhibit 10.1 EPS Performance Goal Table Performance Period EPS1 Performance Goal Percentage of PSUs Earned January 1, 2015 - December 31, 2015 Base EPS2 [***]% January 1, 2016- December 31, 2016 [***]% of 2015 EPS Performance Goal [***]% January 1, 2017- December 31, 2017 [***]% of 2016 EPS Performance Goal [***]% January 1, 2018- December 31, 2018 [***]% of 2017 EPS Performance Goal [***]% Stock Price Performance Goal Table Performance Period Stock Price3 Performance Goal Percentage of PSUs Earned January 1, 2015 to December 31, 2015 [***]% of Base Stock Price4 [***]% January 1, 2016 to December 31, 2016 [***]% of 2015 Stock Price Performance Goal [***]% January 1, 2017 to December 31, 2017 [***]% of 2016 Stock Price Performance Goal [***]% January 1, 2018 to December 31, 2018 [***]% of 2017 Stock Price Performance Goal [***]% For the avoidance of doubt, if the applicable EPS Performance Goal or Stock Price Performance Goal is not achieved or exceeded as of a particular December 31, no PSUs will be earned with respect to such Performance Goal for such relevant calendar year. For example, if the Company does not achieve or exceed the EPS Performance Goal for the period beginning January 1, 2015 and ending December 31, 2015, [***]% of the total PSUs will not be earned as of December 31, 2015 and the Award shall lapse with respect to that [***]%. If the Company achieves or exceeds the Stock Price Performance Goal for the same period, [***]% of the PSUs will be earned for that period. The number of earned PSUs that will become vested shall be determined pursuant to Section III below. Whether the Performance Goals for a particular calendar year have been achieved shall be determined by the Company or Committee, as applicable, pursuant to Section 4 of the Terms and Conditions. 1 “Earnings Per Share” or “EPS” shall be defined in the Terms and Conditions. 2 “Base EPS” shall be defined in and the Terms and Conditions. 3 “Stock Price” shall be defined in the Terms and Conditions. 4 “Base Stock Price” shall be defined i...
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Earning of Performance Stock Units. As provided in Section II of the Performance Stock Unit Award Agreement, the number of PSUs that will be earned during each calendar year within the Performance Period is a function of the extent to which the corresponding EPS Performance Goal and Stock Price Performance Goal are achieved. For this purpose, the following terms will have the following meanings:
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Earning of Performance Stock Units. Performance Stock Units shall be deemed earned upon all of the following being met:
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Earning of Performance Stock Units 
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Related to Earning of Performance Stock Units

  • Vesting of Performance Shares As long as you remain employed with PG&E Corporation, the Performance Shares will vest on the first business day of March (the “Vesting Date”) of the third year following the date of grant specified in the cover sheet. Except as described below, all Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Grant of Performance Share Units The Company hereby grants to the Participant the Target Number of PSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each PSU represents the unsecured right to receive a number of Shares, if any, in accordance with the terms and conditions of this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares, if any, upon settlement of the PSUs.

  • Grant of Performance Stock Units Subject to the terms of this Agreement, and the Incentive Plan, effective as of the Grant Date the Participant is hereby granted [Number] Performance Stock Units (the “Target Performance Units”). This Award contains the right to dividend equivalents (“Dividend Equivalents”) with respect to Earned Performance Units (as defined in Section 3(a)) as described in Section 4. Each Performance Stock Unit awarded hereunder shall become earned and vested as described in Section 3 and each Earned Performance Unit (and associated Earned Dividend Equivalents thereon as described in Section 4) shall be settled in accordance with Section 5.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

  • Payment of Performance Shares Payment of any Performance Shares that become earned as set forth herein will be made in the form of Common Shares, in cash, or in a combination of the two, as determined in the sole discretion of the Committee. Payment will be made as soon as practicable after the receipt of audited financial statements of the Corporation relating to the last fiscal year of the Performance Period and with respect to Covered Employees, the determination by the Committee of the level of attainment of the Management Objectives. Performance Shares will be forfeited if they are not earned at the end of the Performance Period and, except as otherwise provided in this Agreement, if the Grantee ceases to be employed by the Corporation or a Subsidiary at any time prior to such shares becoming earned.

  • Unvested Common Shares Issued in Settlement of Performance Share Awards If the Executive terminates employment pursuant to Sections 6(b), 6(d) or 6(e)(i) after the Performance Share Vesting Date, the vesting of all Unvested Common Shares (as defined in the Performance Share Agreement) issued in settlement of the Performance Share Award shall be accelerated in full effective as of the date of such termination.

  • Grant of Performance Shares Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein, in the Plan and the Addendum with Additional Country Specific Terms and Conditions attached as Exhibit A, all of which are made part of this Agreement, an award of <shares_awarded> Performance Shares (this “Award”).

  • Grant of Performance Units Capital One hereby grants to you an award of Units with a Target Award, as indicated on the Grant Notice. The maximum payout for this award is 150% of the Target Award plus accrued dividends pursuant to Section 6. The Units shall vest and the underlying shares of common stock of Capital One, $.01 par value per share (such underlying shares, the “Shares”), shall be issuable only in accordance with the provisions of this Agreement and the Plan.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

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