How Your Award May Be Earned Earlier Sample Clauses

How Your Award May Be Earned Earlier. Regardless of the regular settlement criteria, your Award will be earned: • If you die, Retire (i.e., terminate employment after age 55) or become disabled (as defined in the Company’s disability plan) during the Performance Period, you (or your beneficiary) will receive the shares attributable to the Net Income Performance Criteria but only if net income is at least 100% of target net income at any period during the Performance Period and never reaches 180% of target net income at any time during the Performance Period. • If you die, Retire (i.e., terminate employment after age 55) or become disabled (as defined in the Company’s disability plan) during the Performance Period, you (or your beneficiary) will receive a portion of the shares attributable to the Customer Satisfaction Criteria but only if positive customer satisfaction levels are at least 94 percent but not 95 percent or greater on the Settlement Date. In this case, you (or your beneficiary) will receive the shares attributable to the Customer Satisfaction Criteria reduced to reflect the number of whole months that you worked during the Performance Period (e.g., if you worked only 50 percent of the Performance Period, you (or your beneficiary) would receive only 50 percent of the shares attributable to the Customer Satisfaction Criteria.
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Related to How Your Award May Be Earned Earlier

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Performance Cycle The Performance Cycle for this Award shall commence on May 1, 2006, and shall end on December 31, 2008.

  • Vesting of the Option Subject to the Participant’s continued service to the Company through the applicable vesting date and the terms of the Plan, the Option shall vest in equal installments on each of the first five (5) anniversaries of the Date of Grant, such that twenty percent (20%) of the Option vests on each such anniversary (each, a “Vesting Date”). At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called the “Vested Portion.”

  • Period of Exercisability Section 3.1 - Commencement of Exercisability ----------- ------------------------------

  • Exercise Period Upon Death or Disability If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7: ISOs for

  • Award Date <Award Date>

  • Performance Termination Commencing with the expiration of Fiscal Year 2014, in the event that Adjusted NOI does not equal or exceed the Performance Threshold, then the Tenant shall have the option to terminate this Agreement by providing a ninety (90) day written notice to the Management Company. To terminate this Agreement, Tenant must deliver written notice of such election to Management Company no later than sixty (60) days following Tenant’s receipt of the annual financial reports for such Fiscal Year.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

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