Common use of Payment of PSUs Clause in Contracts

Payment of PSUs. The PSUs will become payable in accordance with the provisions of Section 8 of this Agreement if Participant’s right to receive payment for any portion or all of the PSUs becomes nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 6 of this Agreement. 5.

Appears in 2 contracts

Samples: Incentive Plan Performance Stock Unit Agreement (Graftech International LTD), Incentive Plan Performance Stock Unit Agreement (Graftech International LTD)

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Payment of PSUs. The PSUs will become payable in accordance with the provisions of Section 8 6 of this Agreement if Participantthe Restriction Period lapses and Grantee’s right to receive payment for any portion or all of the PSUs becomes nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 6 5 of this Agreement. 5.

Appears in 2 contracts

Samples: Performance Share Units Agreement (Horizon Global Corp), Performance Share Units Agreement (Horizon Global Corp)

Payment of PSUs. The PSUs will become payable in accordance with the provisions of Section 8 of this Agreement if Participant’s right to receive payment for any portion or all of the PSUs becomes nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 6 of this Agreement. 5.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Graftech International LTD), Performance Stock Unit Agreement (Graftech International LTD)

Payment of PSUs. The PSUs will become payable in accordance with the provisions of Section 8 6 of this Agreement if Participantthe Period of Restriction lapses and Employee’s right to receive payment for any portion or all of the PSUs becomes nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 6 5 of this Agreement. 5.

Appears in 1 contract

Samples: Performance Stock Units Agreement (Southern Power Co)

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Payment of PSUs. The PSUs will become payable in accordance with the provisions of Section 8 6 of this Agreement if Participantthe Grantee’s right to receive payment for any portion or all of the PSUs becomes both earned and nonforfeitable (“Vest,” “Vesting” or “Vested”) in accordance with Section 6 5 of this Agreement. 5.

Appears in 1 contract

Samples: Performance Share Units Agreement (Horizon Global Corp)

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