EBITDA Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g)) through March 17, 2009, the EBITDA Restricted Stock Units shall be earned with respect to one-third of the Shares subject to the EBITDA Restricted Stock Units on each Performance Date to the extent that the Actual EBITDA for the fiscal year ending on such Performance Date equals or exceeds the Target EBITDA for such fiscal year. The minimum level of performance at which EBITDA Restricted Stock Units can be earned is eighty-five (85%) of Actual EBITDA. At this minimum level, fifty (50%) of the one-third of the EBITDA Restricted Stock Units can be earned on each Performance Date. Below the minimum level of performance, zero (0%) EBITDA Restricted Stock Units can be earned. EBITDA Restricted Stock Units will be straight line interpolated for performance falling between target and minimum levels.
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Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.), Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.)
EBITDA Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g3(c)) through March 17, 20092008, the EBITDA Restricted Stock Units shall be earned with respect to one-third of the Shares subject to the EBITDA Restricted Stock Units on each Performance Date to the extent that the Actual EBITDA for the fiscal year ending on such Performance Date equals or exceeds the Target EBITDA for such fiscal year. The minimum level of performance at which EBITDA Restricted Stock Units can be earned is eighty-five (85%) of Actual EBITDA. At this minimum level, fifty (50%) of the one-third of the EBITDA Restricted Stock Units can be earned on each Performance Date. Below the minimum level of performance, zero (0%) EBITDA Restricted Stock Units can be earned. EBITDA Restricted Stock Units will be straight line interpolated for performance falling between target and minimum levels.
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Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.)
EBITDA Restricted Stock Units. Subject to the Participant’s continued Employment with the Company and its Affiliates (except as provided in Section 3(g3(d)) through March 17February 28, 2009, the EBITDA Restricted Stock Units shall be earned with respect to one-third of the Shares subject to the EBITDA Restricted Stock Units on each Performance Date to the extent that the Actual EBITDA for the fiscal year ending on such Performance Date equals or exceeds the Target EBITDA for such fiscal year. The minimum level of performance at which EBITDA Restricted Stock Units can be earned is eighty-five (85%) of Actual EBITDA. At this minimum level, fifty (50%) of the one-third of the EBITDA Restricted Stock Units can be earned on each Performance Date. Below the minimum level of performance, zero (0%) EBITDA Restricted Stock Units can be earned. EBITDA Restricted Stock Units will be straight line interpolated for performance falling between target and minimum levels.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Foundation Coal Holdings, Inc.)