Common use of Performance Assessment Clause in Contracts

Performance Assessment. (a) Except in the event of a Change of Control, the number of PSUs earned by the Participant for the Performance Period will be determined in accordance with a schedule to be provided to the Participant. The Committee shall determine, in its sole discretion, the number of PSUs earned by the Participant. (b) Promptly following the end of the Performance Period (and no later than 60 days following the end of the Performance Period), the Committee will review and certify in writing (i) whether, and to what extent, performance has been achieved in accordance with a schedule to be provided to the Participant, and (ii) the number of PSUs that the Participant shall earn, if any, subject to compliance with the requirements of Section 6. The Committee’s certification shall be final, conclusive and binding on the Participant, and on all other persons, to the maximum extent permitted by law.

Appears in 8 contracts

Samples: Performance Stock Unit Award Agreement (Citizens Financial Group Inc/Ri), Performance Stock Unit Award Agreement (Citizens Financial Group Inc/Ri), Performance Stock Unit Award Agreement (Citizens Financial Group Inc/Ri)

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Performance Assessment. (a) Except in the event of a Change of Control, the number of PSUs earned by the Participant for the Performance Period will be determined in accordance with a schedule to be provided to the Participant. Exhibit I. The Committee shall determine, in its sole discretion, the number of PSUs earned by the Participant. . (b) Promptly following the end of the Performance Period (and no later than 60 days following the end of the Performance Period), the Committee will review and certify in writing (i) whether, and to what extent, performance has been achieved in accordance with a schedule to be provided to the ParticipantExhibit I, and (ii) the number of PSUs that the Participant shall earn, if any, subject to compliance with the requirements of Section 6. The Committee’s certification shall be final, conclusive and binding on the Participant, and on all other persons, to the maximum extent permitted by law.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Citizens Financial Group Inc/Ri)

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Performance Assessment. (a) Except in the event of a Change of Control, the number of PSUs earned by the Participant for the Performance Period will be determined in accordance with a schedule to be provided to the Participant. Exhibit I. The Committee shall determine, in its sole discretion, the number of PSUs earned by the Participant. (b) Promptly following the end of the Performance Period (and no later than 60 days following the end of the Performance Period), the Committee will review and certify in writing (i) whether, and to what extent, performance has been achieved in accordance with a schedule to be provided to the ParticipantExhibit I, and (ii) the number of PSUs that the Participant shall earn, if any, subject to compliance with the requirements of Section 6. The Committee’s certification shall be final, conclusive and binding on the Participant, and on all other persons, to the maximum extent permitted by law.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Citizens Financial Group Inc/Ri)

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