We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Forfeiture Due to Performance Criteria Non-Achievement Clause in Contracts

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies on the Certification Date that the Performance Criteria have not been achieved and/or the Final Target Adjustment Percentage is 0%, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 11 contracts

Samples: Performance Stock Unit Agreement (Hertz Corp), Performance Stock Unit Agreement (Hertz Corp), Performance Stock Unit Agreement (Hertz Corp)

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies determines on the Certification Determination Date (as defined in Section 3(a)) that the Performance Criteria have not been achieved for the Performance Period and/or the Final Target Adjustment Percentage is 0%% for the Performance Period, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 4 contracts

Samples: Executive Officer Performance Stock Unit Agreement (Herc Holdings Inc), Executive Officer Performance Stock Unit Agreement (Herc Holdings Inc), Executive Officer Performance Stock Unit Agreement (Herc Holdings Inc)

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies on the Certification Date that the Performance Criteria have not been achieved and/or the Final Target Adjustment Percentage is 0%, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 2 contracts

Samples: Performance Stock Agreement (Hertz Corp), Performance Stock Agreement (Hertz Corp)

Forfeiture Due to Performance Criteria Non-Achievement. If the Committee certifies determines on the Certification Determination Date (as defined in Section 3(a)) that the Performance Criteria have not been achieved and/or the Final Target Adjustment Percentage is 0%, all Performance Stock Units subject to this Agreement shall immediately be forfeited and canceled.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Herc Holdings Inc)