Common use of Grant of PSUs Clause in Contracts

Grant of PSUs. Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company hereby makes a grant of performance restricted stock units to the Participant consisting of the target number set forth on Exhibit A hereto (the “Target Award”), subject to the restrictions set forth below and in the Plan (the “PSUs”). Each PSU represents the right of the Participant to receive a share of common stock of the Company (“Company Stock”) if and when the specified conditions set forth on Exhibit A are met, and on the applicable payment date set forth in Section 5 below.

Appears in 4 contracts

Samples: Performance Stock Unit Agreement (Allegro Microsystems, Inc.), Performance Stock Unit Agreement (Allegro Microsystems Inc), Performance Stock Unit Agreement (Allegro Microsystems, Inc.)

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Grant of PSUs. Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company hereby makes a grant of performance restricted stock units to the Participant consisting of the with a target number as set forth on Exhibit A hereto (the “Target Award”)hereto, subject to the restrictions set forth below and in the Plan (the “PSUs”). Each PSU represents the right of the Participant to receive a share of common stock of the Company (“Company Stock”) if and when the specified conditions set forth on Exhibit A are met, and on the applicable payment date set forth in Section 5 below.

Appears in 2 contracts

Samples: Performance Stock Unit Grant Agreement (Covetrus, Inc.), Performance Stock Unit Grant Agreement (Covetrus, Inc.)

Grant of PSUs. Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company hereby makes a grant of performance restricted stock units to the Participant consisting of the with a target number value as set forth on Exhibit A hereto (the “Target Award”)hereto, subject to the restrictions set forth below and in the Plan (the “PSUs”). Each PSU represents the right of the Participant to receive a share of common stock of the Company (“Company Stock”) if and when the specified conditions set forth on Exhibit A are met, and on the applicable payment date set forth in Section 5 below.

Appears in 2 contracts

Samples: Transformation Performance Stock Unit (Covetrus, Inc.), Transformation Performance Stock Unit (Covetrus, Inc.)

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Grant of PSUs. Subject to the terms and conditions set forth in this Agreement and in the Plan, the Company hereby makes made a grant of performance restricted stock units to the Participant consisting of the with a target number set forth value as described on Exhibit A hereto (the “Target Award”)hereto, subject to the restrictions set forth below and in the Plan (the “PSUs”). Each PSU represents the right of the Participant to receive a share of common stock of the Company (“Company Stock”) if and when the specified conditions set forth on Exhibit A are met, and on the applicable payment date set forth in Section 5 below.

Appears in 1 contract

Samples: Transformation Performance Stock Unit Agreement (Covetrus, Inc.)

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