Common use of Grant of Performance Awards Clause in Contracts

Grant of Performance Awards. The Company hereby grants to the Participant the total number of restricted stock units set forth above, fifty percent (50%) of which shall be subject to Total Shareholder Return performance targets (the “TSR Performance Award”) and the other fifty percent (50%) of which shall be subject to Free Cash Flow performance targets (the “FCF Performance Award,” and together with the TSR Performance Award, the “Performance Award”). The Performance Award shall be subject to all of the terms and conditions of this Award Agreement and the Plan.

Appears in 5 contracts

Samples: Performance Award Agreement, Performance Award Agreement (Endo International PLC), Performance Award Agreement (Endo International PLC)

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Grant of Performance Awards. The Company hereby grants to the Participant the total number of restricted stock units set forth abovein the TSR Performance Award Grant Notice and the FCF Performance Award Grant Notice, fifty percent (50%) of which shall be subject to Total Shareholder Return performance targets (the “TSR Performance Award”) and the other fifty percent (50%) of which shall be subject to Adjusted Free Cash Flow performance targets (the “FCF Performance Award,” and together with the TSR Performance Award, the “Performance Award”). The Performance Award shall be subject to all of the terms and conditions of this Award Agreement and the Plan.

Appears in 3 contracts

Samples: Performance Award Agreement (Endo International PLC), Performance Award Agreement (Endo International PLC), Performance Award Agreement (Endo International PLC)

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