Performance-Based Grants Sample Clauses
Performance-Based Grants. On November 13, 2015, the CCLG approved the grant to Employee of 93,750 performance-based restricted stock units (the “Performance-Based RSU Grant”) and a performance-based option to purchase 168,750 common shares of Lions Gate at a per-share exercise price equal to the closing price of a Lions Gate common share on the date of grant of the option (the “Performance-Based Option,” and together with the Performance-Based RSU Grant, the “Performance-Based Grants”). Each Performance-Based Grant shall be evidenced by and subject to the terms of an award agreement in the form generally then used by Lions Gate to evidence grants of that type under the Plan. ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ November 13, 2015 (i) Vesting. Subject to Section 5(b)(ii) below, each Performance-Based Grant shall be eligible to vest as follows (each vesting date a “Performance Vesting Date”):
(A) one-fifth (1/5) of each Performance-Based Grant will vest on September 30, 2016;
(B) one-fifth (1/5) of each Performance-Based Grant will vest on September 30, 2017;
(C) three-tenths (3/10) of each Performance-Based Grant will vest on September 30, 2018; and
(D) three-tenths (3/10) of each Performance-Based Grant will vest on September 30, 2019. The vesting of each Performance-Based Grant on the applicable Performance Vesting Date shall be subject to an assessment of Employee’s personal performance over the twelve (12) month period ending on such Performance Vesting Date (or, if so determined by the CCLG, performance over a fiscal year of Lions Gate that overlaps with such twelve (12)-month period), based on such Company and/or individual performance criteria determined by the CCLG, in consultation with the CEO, which shall include the criteria listed in Exhibit A to this Agreement. Such performance assessment and the determination as to the portion (if any) of each Performance-Based Grant that will vest on such Performance Vesting Date shall be made by the CCLG in its discretion, in consultation with the CEO. Any portion of the Performance-Based RSU Grant or the Performance-Based Option that does not vest on the applicable Performance Vesting Date shall expire on that date with no possibility of further vesting; provided, however, that the CCLG may, in its sole discretion, provide that any installment of a Performance-Based Grant eligible to vest on a particular Performance Vesting Date that does not vest on such date may vest on any future Performance Vesting Date (but in no event shall either award vest as...
Performance-Based Grants. (i) At the first meeting of the Compensation Committee after the Effective Date, the Company shall grant to the Executive a stock option for 106,020 shares of the Company’s common stock. Such stock option shall vest in full only upon the Compensation Committee’s determination that the Executive has achieved the mutually agreed performance metrics for 2025. These performance metrics may include financial performance targets, share price thresholds, or other criteria established by the
Performance-Based Grants. 1. To facilitate the carrying out of Part 2 of the Project, the Recipient, through DCI, shall make the proceeds of the Financing allocated from time to time to Category (3) available, on a non-refundable grant basis, to the First Participating Financial Intermediary and any other Participating Financial Intermediary as the Recipient may propose and the Association may agree, which has executed a Risk Sharing Agreement with IFC, all under Performance Based Grant Agreements, on terms and conditions satisfactory to the Association, including the right of the Recipient to:
(i) suspend or terminate the right of the Participating Financial Intermediary (to use the proceeds of the Performance Based Grant, or obtain a refund of all or any part of the amount of the Performance Based Grant then withdrawn, upon the Participating Financial Intermediary’s failure to perform any of its obligations under the Performance Based Grant Agreement; and
(ii) require the Participating Financial Intermediary to: (A) carry out its Performance Based Sub-project with due diligence and efficiency and in accordance with sound technical, economic, financial, managerial, environmental and social standards and practices satisfactory to the Association, including in accordance with the provisions of the Anti- Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient; (B) provide, promptly as needed, the resources required for the purpose; (C) procure the goods, works and services to be financed out of the Performance Based Grant in accordance with the provisions of this Agreement; (D) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Association, the progress of the Performance Based Sub-project and the achievement of its objectives; (E)
(1) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect the operations, resources and expenditures related to the Performance Based Sub- project; and (2) at the Association’s or the Recipient’s request, have such financial statements audited by independent auditors acceptable to the Association, in accordance with consistently applied auditing standards acceptable to the Association, and promptly furnish the statements as so audited to the Recipient and the Association; (F) enable the Recipient and the ...
Performance-Based Grants. Employee shall be granted, on the Effective Date and subject to approval by the CCLG, an award of 100,000 performance-based restricted stock units (the “Performance-Based RSU Grant”) and a performance-based option to purchase 175,000 common shares of Lions Gate at a per-share exercise price equal to the closing price of a Lions Gate common share on the date the option is granted (the “Performance-Based Option,” and together with the Performance-Based RSU Grant, the “Performance-Based Grants”). Each Performance-Based Grant shall be evidenced by and subject to the terms of an award agreement in the form generally then used by Lions Gate to evidence grants of that type under Lions Gate’s stock incentive plan.
Performance-Based Grants. The Committee may provide in any Award for the restrictions on Restricted Stock to lapse upon the Company's attainment of performance-based goals established by the Committee. Any such Award may, but need not be, granted under and pursuant to the terms of this Section 6.6. In addition, the Committee may determine that any performance-based Award granted by the Committee before the adoption of this Amended and Restated Plan shall be treated as if granted under this Section 6.6, provided that the Award is modified so as to comply with the terms of this Section 6.6.
(a) INTENT TO QUALIFY UNDER SECTION 162(M). This Section 6.6 is intended to qualify the Awards granted under it as performance-based compensation under Section 162(m) of the Code. All Awards granted pursuant to this Section 6.6 shall be construed in a manner consistent with that intent.
Performance-Based Grants. 1. To facilitate the carrying out of Part 2 of the Project, the Recipient, through DCI, shall make the proceeds of the Financing allocated from time to time to Category
Performance-Based Grants