Common use of Grant of Performance Share Award Clause in Contracts

Grant of Performance Share Award. The Performance Period for purposes of determining whether the Performance Goals have been met shall be the three-year Performance Period specified herein. The Performance Goals for purposes of determining whether, and the extent to which, the Performance Share Award is earned and payable are set forth in Exhibit A to this Agreement. Subject to the provisions of this Agreement, the Performance Share Award shall become payable, if vested, following the Committee’s determination and certification after the end of the Performance Period, as to whether and the extent to which the Performance Goals have been achieved; provided that the Committee retains no discretion to reduce or increase Performance Share Awards that become payable as a result of performance measured against the Performance Goals.

Appears in 5 contracts

Samples: Confidentiality and Proprietary Rights Agreement (United States Steel Corp), Share Award Grant Agreement (United States Steel Corp), Confidentiality and Proprietary Rights Agreement (United States Steel Corp)

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Grant of Performance Share Award. The Performance Period for purposes of determining whether the Performance Goals have been met shall be the threefour-year Performance Period specified herein. The Performance Goals for purposes of determining whether, and the extent to which, the Performance Share Award is earned and payable are set forth in Exhibit A to this Agreement. Subject to the provisions of this Agreement, the Performance Share Award shall become payable, if vested, following the Committee’s 's determination and certification after the end of the Performance Period, as to whether and the extent to which the Performance Goals have been achieved; provided that the Committee retains no discretion to reduce or increase Performance Share Awards that become payable as a result of performance measured against the Performance Goals.

Appears in 1 contract

Samples: Share Award Grant Agreement (United States Steel Corp)

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Grant of Performance Share Award. The Performance Period for purposes of determining whether the Performance Goals have Goal has been met shall be the three-year Performance Period specified herein. The Performance Goals Goal for purposes of determining whether, and the extent to which, the Performance Share Award is earned and payable are is set forth in Exhibit A to this Agreement, which is incorporated by reference herein. Subject to the provisions of this Agreement, the Performance Share Award shall become payable, if vested, following the Committee’s determination and certification after the end of the Performance Period, as to whether and the extent to which the Performance Goals have Goal has been achieved; provided that the Committee retains no discretion to reduce or increase Performance Share Awards that become payable as a result of performance measured against the Performance Goals.

Appears in 1 contract

Samples: Share Award Grant Agreement (United States Steel Corp)

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