Common use of Grant of Performance Restricted Stock Units Clause in Contracts

Grant of Performance Restricted Stock Units. The Company hereby grants to the Participant, subject to all of the terms and conditions of this PSU Agreement and the Plan, the number of performance restricted stock units (the “PSUs”) evidencing a right to receive a target number of shares of Common Stock as indicated in the grant summary in the Company’s equity recordkeeping system (the “Target PSUs”), based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”). Shares of Common Stock corresponding to the PSUs, if any, are to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the PSUs pursuant to Section 4 below. 2.

Appears in 4 contracts

Samples: Omnibus Incentive Plan Performance Restricted Stock Unit Award Agreement (NXP Semiconductors N.V.), Omnibus Incentive Plan Performance Restricted Stock Unit Award Agreement (NXP Semiconductors N.V.), Omnibus Incentive Plan Performance Restricted Stock Unit Award Agreement (NXP Semiconductors N.V.)

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Grant of Performance Restricted Stock Units. The Company hereby grants to the Participant, subject to all of the terms and conditions of this PSU Agreement and the Plan, the number of performance restricted stock units (the “PSUs”) evidencing a right to receive a target number of shares of Common Stock as indicated in the grant summary in the Company’s equity recordkeeping system (the “Target PSUs”), based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”). Shares of Common Stock corresponding to the PSUs, if any, are to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the PSUs pursuant to Section 4 below. 2.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (NXP Semiconductors N.V.)

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