Effect of a Change in Control. If there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.
Appears in 4 contracts
Samples: Performance Share Units Award Agreement (Premier Financial Corp), Performance Share Units Award Agreement (First Defiance Financial Corp), Long Term Incentive Plan Award Agreement (United Community Financial Corp)
Effect of a Change in Control. If there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.
Appears in 3 contracts
Samples: Performance Share Units Grant Agreement (United Community Financial Corp), Performance Share Units Grant Agreement (United Community Financial Corp), Performance Share Units Grant Agreement (United Community Financial Corp)
Effect of a Change in Control. If Notwithstanding Section 3, if there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.
Appears in 2 contracts
Samples: Long Term Incentive Plan Performance Share Units Award Agreement (Premier Financial Corp), Long Term Incentive Plan Performance Share Units Award Agreement (Premier Financial Corp)
Effect of a Change in Control. If Notwithstanding Section 3, if there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.. PSU Award Agr (2018 Equity Incentive Plan)(Rev Feb 2023)
Appears in 2 contracts
Samples: Long Term Incentive Plan Performance Share Units Award Agreement (Premier Financial Corp), Long Term Incentive Plan Performance Share Units Award Agreement (Premier Financial Corp)
Effect of a Change in Control. If there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period Period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.
Appears in 1 contract
Samples: Performance Share Units Grant Agreement (United Community Financial Corp)
Effect of a Change in Control. If there is a Change in Control during the Performance Period, all outstanding PSUs shall be earned and vest at Target Award levels for open years in the Performance period and in the manner set forth in Section 2 for any closed years in the Performance Period, on the effective date of the Change in Control and shall be paid in cash no later than sixty (60) days following the effective date of such Change in Control.]
Appears in 1 contract
Samples: Performance Share Unit Agreement (LIGHTBRIDGE Corp)
