Common use of Performance and Vesting Conditions Clause in Contracts

Performance and Vesting Conditions. The number of Units that may be earned by and for which shares of Common Stock (“Shares”) become issuable to Grantee (the “Earned Units”) shall be based upon the achievement of the performance criteria as reviewed and approved by the Committee and reflected in Exhibit B (the “Performance Goals”) over the performance periods reflected in Exhibit B (the “Performance Periods”) and the remaining terms of this Agreement (the “Vesting Conditions”). The determination by the Committee with respect to the achievement of the Performance Goals shall be made as soon as administratively practicable following the Performance Period after all necessary Company information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the “Determination Date.”

Appears in 4 contracts

Samples: Performance Stock Units Agreement (Davita Inc.), Performance Stock Units Agreement (Davita Inc.), Performance Stock Units Agreement (Davita Inc.)

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Performance and Vesting Conditions. The number of Performance Stock Units that may be earned by and for which shares of Common Stock (“Shares”) become issuable to Grantee (the “Earned Units”) shall be based upon the achievement of the performance criteria as reviewed and approved by the Committee and reflected in Exhibit B (the “Performance Goals”) over the performance periods reflected in Exhibit B (the “Performance Periods”) and the remaining terms of this Agreement (the “Vesting Conditions”). The determination by the Committee with respect to the achievement of the Performance Goals shall be made as soon as administratively practicable following the end of the applicable Performance Period after all necessary Company information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the “Determination Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (Davita Inc.)

Performance and Vesting Conditions. The number of Performance Stock Units that may be earned by and for which shares of Common Stock (“Shares”) become issuable to Grantee (the “Earned Units”) shall be based upon the achievement of the performance criteria as reviewed and approved by the Committee (and the independent directors of the Board, as applicable) and reflected in Exhibit B (the “Performance Goals”) over the performance period or periods reflected in Exhibit B (the “Performance PeriodsPeriod”) and the remaining terms of this Agreement (the “Vesting Conditions”). The determination by the Committee with respect to the achievement of the Performance Goals shall be made as soon as administratively practicable following the end of the applicable Performance Period after all necessary Company information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the “Determination Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (Davita Inc.)

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Performance and Vesting Conditions. The number of Performance Stock Units that may be earned by and for which shares of Common Stock (“Shares”) become issuable to Grantee (the “Earned Units”) shall be based upon the achievement of the performance criteria Performance Criteria as reviewed and approved by the Committee Administrator1 and reflected in Exhibit B (the “Performance Goals”) over the performance Performance Period or periods reflected in Exhibit B (the “Performance PeriodsPeriod”) and the remaining terms of this Agreement (the “Vesting Conditions”). The determination by the Committee Administrator with respect to the achievement of the Performance Goals shall be made as soon as administratively practicable following the end of the applicable Performance Period after all necessary Company information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the “Determination Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Agreement (Davita Inc.)

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