Common use of Employment Criteria Clause in Contracts

Employment Criteria. In order to vest in a PSU with respect to which the performance criteria are satisfied, the Grantee must be continuously employed by the Company and its Affiliates from the Grant Date through the Vesting Date listed above. All unvested PSUs shall be immediately cancelled upon termination of employment for any reason before the Vesting Date, except as specifically provided below:

Appears in 3 contracts

Samples: Performance Stock Unit Grant Agreement (General Electric Co), Performance Stock Unit Grant Agreement (General Electric Co), Performance Stock Unit Grant Agreement (General Electric Co)

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Employment Criteria. In order to vest in a PSU with respect to which the performance criteria are satisfied, the Grantee must be continuously employed by the Company and its Affiliates not incur a Termination of Employment from the Grant Date through the Vesting Date listed above. All unvested PSUs shall be immediately cancelled without payment upon termination the Grantee’s Termination of employment Employment for any reason before the Vesting Date, except as specifically provided below:

Appears in 2 contracts

Samples: Stock Unit Grant Agreement (General Electric Co), Performance Stock Unit Grant Agreement (General Electric Co)

Employment Criteria. In order to vest in a an PSU with respect to which the performance criteria are satisfied, the Grantee must be continuously employed by the Company and its Affiliates not incur a Termination of Employment from the Grant Date through the applicable Vesting Date listed above. All unvested PSUs shall be immediately cancelled without payment upon termination the Grantee’s Termination of employment Employment for any reason before the applicable Vesting Date, and the Grantee shall thereupon cease to have any right to receive any shares of Common Stock or cash payments in respect of Dividend Equivalents accrued in respect of those cancelled RSUs, except as specifically provided below:

Appears in 1 contract

Samples: Performance Stock Unit Grant Agreement (GE HealthCare Technologies Inc.)

Employment Criteria. In order to vest in a PSU with respect to which the performance criteria are is satisfied, the Grantee must be continuously employed by the Company and its Affiliates from the Grant Date through the Vesting Date listed above. All unvested PSUs shall be immediately cancelled upon termination of employment for any reason before the Vesting Date, except as specifically provided below:

Appears in 1 contract

Samples: General Electric Co

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Employment Criteria. In order to vest in a PSU with respect to which the performance criteria are satisfied, the Grantee must be continuously employed by the Company and its Affiliates not incur a Termination of Employment from the Grant Date through the applicable Vesting Date listed aboveon Appendix A or as otherwise provided in the Plan or as set forth below. All unvested PSUs shall be immediately cancelled without payment upon termination the Grantee’s Termination of employment Employment for any reason before the applicable Vesting Date, except as specifically provided in the Plan or as set forth below:

Appears in 1 contract

Samples: Equity Grant Agreement (GE Vernova Inc.)

Employment Criteria. In order to vest in a an PSU with respect to which the performance criteria are satisfied, the Grantee must be continuously employed by the Company and its Affiliates not incur a Termination of Employment from the Grant Date through the applicable Vesting Date listed above. All unvested PSUs shall be immediately cancelled without payment upon termination the Grantee’s Termination of employment Employment for any reason before the applicable Vesting Date, except as specifically provided below:

Appears in 1 contract

Samples: Stock Unit Grant Agreement (GE HealthCare Technologies Inc.)

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