Common use of Full Payout Clause in Contracts

Full Payout. In order to receive the full number of Performance Shares determined under Section 2, Recipient must be employed by the Company on the October 31 immediately following the end of the Performance Period (the “Vesting Date”). For purposes of Sections 3 and 4, all references to the “Company” shall include the Company and its subsidiaries.

Appears in 15 contracts

Samples: Schnitzer Steel (Schnitzer Steel Industries, Inc.), Schnitzer Steel (Schnitzer Steel Industries, Inc.), Schnitzer Steel (Schnitzer Steel Industries, Inc.)

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Full Payout. In order to receive the full number of Performance Shares determined under Section 2, Recipient must be employed by the Company on the October 31 immediately following the end of the Performance Period (the “Vesting Date”). For purposes of Sections 3 and 4, all references to the “Company” shall include the Company and its subsidiaries.

Appears in 4 contracts

Samples: Term Incentive Award Agreement (Schnitzer Steel Industries Inc), Term Incentive Award Agreement (Schnitzer Steel Industries Inc), Term Incentive Award Agreement (Schnitzer Steel Industries Inc)

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